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EURUSD

  • #1,140,461
  • Feb 19, 2018 2:03pm Feb 19, 2018 2:03pm
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First sell entry friday, after what appears to be a false break-out. I waited for price action on the small timeframe, and after it made some wicks below the previous daily low, I entered.
Price came from a monthly trendline, backed by a previous monthly high and a very important golden ratio resistance.
Added another entry today, after the pull-back to the same bull trendline that gave the rally on the 14th.
Let`s see if history repeats itself, as it did in 2014 and Euro continues it`s downtrend. It will probably sort out this week, after the FOMC on wednesday.
  • #1,140,462
  • Feb 20, 2018 12:05am Feb 20, 2018 12:05am
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  • #1,140,463
  • Feb 20, 2018 2:34am Feb 20, 2018 2:34am
long 1.2358 sl1.234
  • #1,140,464
  • Feb 20, 2018 2:51am Feb 20, 2018 2:51am
Quoting 3Davy
{quote} There is a strong support at 1.24. I think we may go up from here. later in the week will clear direction.
Well on on last Friday 16th February, EUR/USD made a key reversal day (KRD) which means a change in the prevalent trend that was up. Plus the KRD was made at all time high in addition seems to be making a double/triple top with the base @ 1.2205 and add a stochastic divergence. With all this facts in mind I see a downward correction toward 1.1900.

There a few supports to be aware of like 10, 50 and 200-day moving averages, the 1.2205 of course and the 2017 high @ 1.2092.

So be careful of your longs.
  • #1,140,465
  • Feb 20, 2018 2:57am Feb 20, 2018 2:57am
Quoting Jonstaples
{quote} Well on on last Friday 16th February, EUR/USD made a key reversal day (KRD) which means a change in the prevalent trend that was up. Plus the KRD was made at all time high in addition seems to be making a double/triple top with the base @ 1.2205 and add a stochastic divergence. With all this facts in mind I see a downward correction toward 1.1900. There a few supports to be aware of like 10, 50 and 200-day moving averages, the 1.2205 of course and the 2017 high @ 1.2092. So be careful of your longs.
I hope you wright,because iam not happy with a strong euro.

I mostley sell this pair but last mounts its only way up.
  • #1,140,466
  • Feb 20, 2018 7:42am Feb 20, 2018 7:42am
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  • #1,140,467
  • Feb 20, 2018 8:19am Feb 20, 2018 8:19am
Quoting OnlineAddict
{quote} Top broken...I might look into longs around 2330-40 for a another top above 2500.
Well, lets see then...
Everyone can see the chart, but only a few can actually read it.
  • #1,140,468
  • Feb 20, 2018 8:56am Feb 20, 2018 8:56am
This new low at 1.23 19 is quite convincing is a tradeable low.
Looking for higher prices

  • #1,140,469
  • Feb 20, 2018 10:20am Feb 20, 2018 10:20am
Quoting F.g
This new low at 1.23 19 is quite convincing is a tradeable low. Looking for higher prices
SL @ 1.23 17 .....
  • #1,140,470
  • Feb 20, 2018 6:48pm Feb 20, 2018 6:48pm
wow, I'm back from gone.
This site has really lost it I think
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,140,471
  • Feb 20, 2018 11:40pm Feb 20, 2018 11:40pm
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  • #1,140,472
  • Feb 20, 2018 11:46pm Feb 20, 2018 11:46pm
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  • #1,140,473
  • Feb 21, 2018 12:16am Feb 21, 2018 12:16am
When will those big players enter the market..??
Kinda bored to wait at slow movement market like this...
GTS V8 Return This Month: 0.1%
  • #1,140,474
  • Feb 21, 2018 1:14am Feb 21, 2018 1:14am
Quoting rizkinovri
When will those big players enter the market..?? Kinda bored to wait at slow movement market like this...
probably after FOMC , ETA 12h
  • #1,140,475
  • Feb 21, 2018 4:03am Feb 21, 2018 4:03am
EUR/USD is testing key Fib support at 1.2319 and buying interest into 1.2300 in wake of French, German and pan-EZ flash PMIs that missed consensus across the board. A downside break of 1.2300 exposes recent lows at 1.2275 and stops below.

Option expiries of note for today's 15:00 GMT.
EUR/USD: 1.2300-20 (1.0 BLN).

We might see some range bound movement until the FOMC minutes to be released late today.
  • #1,140,476
  • Feb 21, 2018 5:12am Feb 21, 2018 5:12am
Still higher than the low of last Wednesday which was 1.2275 and which I think is the next level of support

MACD is diverging on h1 against that level and tells me perhaps the downward momentum is fading, however the way the candles keep forming lower highs and lower lows shows a steady downwards drift.
I think FOMC will be carefully watched to get a picture of US inflationary pressures and whether their rates will increase causing dollar strength.
Bond yields keep rising and were shown in play on an auction Tuesday of $28billion 2 year notes
  • #1,140,477
  • Feb 21, 2018 5:16am Feb 21, 2018 5:16am
Quoting Jonstaples
EUR/USD is testing key Fib support at 1.2319 and buying interest into 1.2300 in wake of French, German and pan-EZ flash PMIs that missed consensus across the board. A downside break of 1.2300 exposes recent lows at 1.2275 and stops below. Option expiries of note for today's 15:00 GMT. EUR/USD: 1.2300-20 (1.0 BLN). We might see some range bound movement until the FOMC minutes to be released late today.
Nice support spotted out at 2319! ...took some green on that
Miss your charts, mate
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  • #1,140,478
  • Feb 21, 2018 6:01am Feb 21, 2018 6:01am
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  • #1,140,479
  • Feb 21, 2018 6:04am Feb 21, 2018 6:04am
Could you tell us why?

KP

Quoting HabibiForex
{image}
Do your homework, follow the footprints of smart money
  • #1,140,480
  • Edited 6:17am Feb 21, 2018 6:06am | Edited 6:17am
Quoting HabibiForex
{image}
Go, Habib!

Quoting KeenPips
Could you tell us why? KP {quote}
Doesn't matter, he's fun enough! ROTF
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