While the pair continues its correction movement on the downside, the bearish strength seems limited to 1.2250 the immediate support level.
- #1,140,522
- Feb 25, 2018 11:52pm Feb 25, 2018 11:52pm
"What the wise do in the beginning, fools do in the end."-Warren Buffet
- #1,140,524
- Feb 26, 2018 1:05am Feb 26, 2018 1:05am
Had a day with nothing to do so decided to play the AU & Gold retraces on the 15m charts.
Gotta say this system brings back the joy into trading.
And now EU wants to join the retrace party on the 4H.
Attached Image (click to enlarge)
Gotta say this system brings back the joy into trading.
And now EU wants to join the retrace party on the 4H.
Attached Image (click to enlarge)
Conventional trading is for losers
- #1,140,525
- Edited 4:04am Feb 26, 2018 3:28am | Edited 4:04am
- Joined Sep 2015 | Status: Trader | 820 Posts
- #1,140,526
- Feb 26, 2018 4:48am Feb 26, 2018 4:48am
How about buying EURUSD?
I would like to mark an uptrend on H4, which will probably continue to move.
I showed that the price touched level 30.3 on RSI, which indicates a possible growth of quotes price.
In addition, the price is definitely under the influence of the support of the lower border of the channel and resistance at 1.2355.
With the weakening of support, I assume that the price will drop to 1.2210 this week. But with the weakening of the dollar, I think that the quotes will get to the resistance of 1.2515.
I would like to note that the dollar tends to slightly decline today due to the caution of market participants in front of Fed Chair Powell Testifies
I would like to mark an uptrend on H4, which will probably continue to move.
I showed that the price touched level 30.3 on RSI, which indicates a possible growth of quotes price.
In addition, the price is definitely under the influence of the support of the lower border of the channel and resistance at 1.2355.
With the weakening of support, I assume that the price will drop to 1.2210 this week. But with the weakening of the dollar, I think that the quotes will get to the resistance of 1.2515.
I would like to note that the dollar tends to slightly decline today due to the caution of market participants in front of Fed Chair Powell Testifies
Dont hurry in three situations: marriage, sex, trade.
- #1,140,527
- Feb 26, 2018 6:04am Feb 26, 2018 6:04am
- | Joined Dec 2013 | Status: Day Trader | 176 Posts
How about buying EURUSD? I would like to mark an uptrend on H4, which will probably continue to move. I showed that the price touched level 30.3 on RSI, which indicates a possible growth of quotes price. In addition, the price is definitely under the influence of the support of the lower border of the channel and resistance at 1.2355. With the weakening of support, I assume that the price will drop to 1.2210 this week. But with the weakening of the dollar, I think that the quotes will get to the resistance of 1.2515. I would like to note that the...
GTS V8 Return This Month:
0.1%
- #1,140,529
- Feb 26, 2018 7:41am Feb 26, 2018 7:41am
- | Joined Feb 2018 | Status: Trader | 40 Posts
3rd sell (1.23496) entry. S/L at 19.02 low (1.23711), as in this inverted trendline situation price usually goes overbought.
Strong price action from the false break-out and strong price action after FOMC convinced me euro has very strong down potential.
There is also a previous weekly low at 1.23351, so we have verified resistance here.
This is the 2nd attempt to breach this level, after the 4h trendline was violated, last wednesday. So this also tells us that bears have strong control.
- #1,140,530
- Feb 26, 2018 7:50am Feb 26, 2018 7:50am
- Joined Aug 2016 | Status: Trader | 10,376 Posts
I believe that 1.23 55 is very safe SL on shorts. I will play this card today.
- #1,140,531
- Feb 26, 2018 7:52am Feb 26, 2018 7:52am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{image} 3rd sell (1.23496) entry. S/L at 19.02 low (1.23711), as in this inverted trendline situation price usually goes overbought. Strong price action from the false break-out and strong price action after FOMC convinced me euro has very strong down potential. There is also a previous weekly low at 1.23351, so we have verified resistance here. This is the 2nd attempt to breach this level, after the 4h trendline was violated, last wednesday. So this also tells us that bears have strong control.
Member
- #1,140,533
- Feb 26, 2018 8:12am Feb 26, 2018 8:12am
- | Joined Dec 2013 | Status: Day Trader | 176 Posts
GTS V8 Return This Month:
0.1%
- #1,140,534
- Feb 26, 2018 8:12am Feb 26, 2018 8:12am
- Joined Oct 2015 | Status: GOD is REAL. | 298 Posts
100% KENYAN.
- #1,140,535
- Feb 26, 2018 8:17am Feb 26, 2018 8:17am
- | Joined Dec 2013 | Status: Day Trader | 176 Posts
GTS V8 Return This Month:
0.1%
- #1,140,536
- Feb 26, 2018 8:19am Feb 26, 2018 8:19am
- Joined Dec 2015 | Status: Trader | 8,751 Posts | Online Now
Do your homework, follow the footprints of smart money
- #1,140,537
- Feb 26, 2018 8:22am Feb 26, 2018 8:22am
- Joined Aug 2016 | Status: Trader | 10,376 Posts
Whatever mArio says is well known to RBs, well in advance . Billions are made each time .
See the PA and you don't have to hear what he ll spell.....
SL @ 1.23 55
See the PA and you don't have to hear what he ll spell.....
SL @ 1.23 55
- #1,140,538
- Feb 26, 2018 8:34am Feb 26, 2018 8:34am
- Joined Oct 2015 | Status: GOD is REAL. | 298 Posts
100% KENYAN.
- #1,140,539
- Feb 26, 2018 8:38am Feb 26, 2018 8:38am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #1,140,540
- Feb 26, 2018 8:41am Feb 26, 2018 8:41am
- | Joined May 2016 | Status: Trader | 251 Posts
I wanna be a billionaire so freaking bad!