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  • #9,741
  • Jan 19, 2018 6:46am Jan 19, 2018 6:46am
I don't expect more than the target due to ranging nature of current week.

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  • #9,742
  • Jan 19, 2018 6:54am Jan 19, 2018 6:54am
Quoting Starcraftmaz
{quote} Where do you get your volume though, surely it's just your broker's clients?
Too be quite honest i have no idea how it works i think it would look at market orders as a whole and guage buying a selling volume as whole. Maybe someone else can clear that up.
When i see volume increase though on a downswing it will confirm short bias
  • #9,743
  • Jan 19, 2018 7:59am Jan 19, 2018 7:59am
...Looks like an Engulfing 'Red' off the level - lets see if it has any commitment

Added into shorts off the 'touch point' (pin rejection candle)
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  • #9,744
  • Jan 19, 2018 8:06am Jan 19, 2018 8:06am
On the H4 chart you will notice two symmetrical bearish H&S and bullish Inverted H&S patterns building on both sides.. Bearish H&S looks to be complete.. but now the Inverted (Bullish) H&S pattern needs its final (right) shoulder.. which of these sides would win is still a question..

Potential bull reaction at 1.2210 area would be the best answer I think.. If this level can't support we go down.. time will show..

Stay Green
Focus only on what truly matters!
  • #9,745
  • Jan 19, 2018 8:19am Jan 19, 2018 8:19am
hi dear ATA, can you please shortly explain about impact of US govt. shoutdown issue for long and short time in EUR/USD pair?
  • #9,746
  • Jan 19, 2018 8:27am Jan 19, 2018 8:27am
Quoting Ata-Turkoglu
On the H4 chart you will notice two symmetrical bearish H&S and bullish Inverted H&S patterns building on both sides.. Bearish H&S looks to be complete.. but now the Inverted (Bullish) H&S pattern needs its final (right) shoulder.. which of these sides would win is still a question.. Potential bull reaction at 1.2210 area would be the best answer I think.. If this level can't support we go down.. time will show.. Stay Green
Well 6 hour chart ,,,,, you cant get a better looking bull flag than that ,,,,,, lots of gyrating on smaller time frames of course , not looking for it to go much past this weeks low , if it makes it that far ,,,,,,,,,, the price projection you cant see the top of is 1.2639 ,,,, Quarterly R 3 . Banks and businesses all think in quarters least from my simple farmer point of view ,,, For me that little 6 hour doji where it popped out of my last channel would have to be taken out for a lot of down side ,,,,,,,,4 hour and below it looks like 2 H&S patterns ,,,,,,,above its one bigger inverted one .
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  • #9,747
  • Jan 19, 2018 8:36am Jan 19, 2018 8:36am
Quoting mrbari007
hi dear ATA, can you please shortly explain about impact of US govt. shoutdown issue for long and short time in EUR/USD pair?
For us it means close all your trades before today's market close (which I will do anyway) and stay away from trading until US congress decisions are finalized.. the rest is blah blah blah blah..

Or you can ask uncle google "what is us government shutdown" and he will give you over a billion answers..

My half cents..

Stay Green
Focus only on what truly matters!
  • #9,748
  • Jan 19, 2018 8:40am Jan 19, 2018 8:40am
EURUSD posts session lows as option expiries cast a shadow

ECB to finish QE by end of 2018 says latest poll\

so i guess its the options dragging eu down
  • #9,749
  • Jan 19, 2018 8:42am Jan 19, 2018 8:42am
Quoting digger1
{quote} Well 6 hour chart ,,,,, you cant get a better looking bull flag than that ,,,,,, lots of gyrating on smaller time frames of course , not looking for it to go much past this weeks low , if it makes it that far ,,,,,,,,,, the price projection you cant see the top of is 1.2639 ,,,, Quarterly R 3 . Banks and businesses all think in quarters least from my simple farmer point of view ,,, For me that little 6 hour doji where it popped out of my last channel would have to be taken out for a lot of down side ,,,,,,,,4 hour and below it looks like...
On my latest daily chart I shared that 1.2230 is the mother support for today.. (maybe a little downside space together with 1.2210 could come in play) but in my thinking this zone is a quite strong support level..

I have no hope that this could break before US congress makes a clear decision.. so looking at my watch, the week for me is practically over.. best is to get some rest.. enjoy your weekends folks..

Stay Green
Focus only on what truly matters!
  • #9,750
  • Jan 19, 2018 8:49am Jan 19, 2018 8:49am
Quoting Ata-Turkoglu
{quote} On my latest daily chart I shared that 1.2230 is the mother support for today.. (maybe a little downside space together with 1.2210 could come in play) but in my thinking this zone is a quite strong support level.. I have no hope that this could break before US congress makes a clear decision.. so looking at my watch, the week for me is practically over.. best is to get some rest.. enjoy your weekends folks.. Stay Green
Great post Ata. The US Government shutdown, or not shutdown, cannot be predicted as those idiots will fight it until 11:59pm. Then how will the movers react to either event? Best to save powder for next week after the smoke clears.
Ecclesiastes 1:9
  • #9,751
  • Jan 19, 2018 8:53am Jan 19, 2018 8:53am
Quoting Ata-Turkoglu
{quote} On my latest daily chart I shared that 1.2230 is the mother support for today.. (maybe a little downside space together with 1.2210 could come in play) but in my thinking this zone is a quite strong support level.. I have no hope that this could break before US congress makes a clear decision.. so looking at my watch, the week for me is practically over.. best is to get some rest.. enjoy your weekends folks.. Stay Green
Same boat ,,,,,,channel is awful steep on weekly,, one of these times there will be a good pull back . But not till it at least stays in a channel of some sort lol
  • #9,752
  • Jan 19, 2018 9:04am Jan 19, 2018 9:04am
Any that are going with the longer trend,,,, price sitting around Q R 2 by early next week would not be surprising . On a daily basis if you watch S and R levels things get a little tighter around the 2 levels . And the little 6 hour doji was at Q R 1 which it used for support
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  • #9,753
  • Jan 19, 2018 9:06am Jan 19, 2018 9:06am
White House to hold briefing at 15.30 GMT on possible government shutdown

eu may fly
  • #9,754
  • Jan 19, 2018 9:11am Jan 19, 2018 9:11am
Quoting PatienceFx
White House to hold briefing at 15.30 GMT on possible government shutdown eu may fly
so... in 20 minutes?
MAKE IT RAIN
  • #9,755
  • Jan 19, 2018 9:13am Jan 19, 2018 9:13am
Things are pretty neutral in the pair and the broader index right now, and have been for a couple of days, I don't have much to add other than then single short-term bearish signal in the intraday studies. There is no bullish momentum so there could be a little drift lower in the next 24 trading hours or so. It's something to keep an eye on.

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There are some changes in the scan this week. I don't want to get off-topic in Ata's thread. I'll update on the CurrencyScan thread.
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #9,756
  • Jan 19, 2018 9:40am Jan 19, 2018 9:40am
Quoting TheFxAnalyst
Things are pretty neutral in the pair and the broader index right now, and have been for a couple of days, I don't have much to add other than then single short-term bearish signal in the intraday studies. There is no bullish momentum so there could be a little drift lower in the next 24 trading hours or so. It's something to keep an eye on. {image} There are some changes in the scan this week. I don't want to get off-topic in Ata's thread. I'll update on the CurrencyScan thread.
your website is still under construction?
  • #9,757
  • Jan 19, 2018 9:56am Jan 19, 2018 9:56am
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  • #9,758
  • Jan 19, 2018 9:59am Jan 19, 2018 9:59am
Short 1.2235 finally sl at 1.2246
  • #9,759
  • Jan 19, 2018 10:02am Jan 19, 2018 10:02am
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  • #9,760
  • Jan 19, 2018 10:03am Jan 19, 2018 10:03am
Quoting FXClarity
...Looks like an Engulfing 'Red' off the level - lets see if it has any commitment Added into shorts off the 'touch point' (pin rejection candle) {image}
Easy enough..

Covering here and closed out 30% of the 'add in' taken earlier for +47pips..holding entries above 1.2270 and still in some drawdown from earlier entries last week.
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