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EURUSD only

  • #77,221
  • Feb 8, 2019 8:15am Feb 8, 2019 8:15am
Quoting bigiivan
{quote} Correlation have to be: EUR/USD up = USD/CHF down If CHF can't make new highs then have to expect strong EUR.
That's exactly what my post was saying. If USDCHF could not make new high then probably the move down to 1.1322 on EU was fake, hence I expect a rise in EU.
  • #77,222
  • Feb 8, 2019 8:30am Feb 8, 2019 8:30am
H1 Status Update

Modified my earlier channel view. While candles flow above the dashed trendline there will be supportive pressure. Careful with your bearish sentiment.

Remember: Will the weekly candle close below or above the 1.1359 level is the question of the day.

*Also keep in mind that price climbed back up above most recent London to London Opening trendline.

Stay Green
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Focus only on what truly matters!
  • #77,223
  • Feb 8, 2019 8:56am Feb 8, 2019 8:56am
Quoting Mitiblotch
{quote} That's exactly what my post was saying. If USDCHF could not make new high then probably the move down to 1.1322 on EU was fake, hence I expect a rise in EU.
Sorry, bro! My fault.
  • #77,225
  • Feb 8, 2019 9:30am Feb 8, 2019 9:30am
Looking at the daily chart, EURUSD still has room to go down to 1.12xx. Once it tests that area, should be good to buy. Keep watching that level. Will confirm buy looking at 4H and 1H TF's.
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  • #77,226
  • Feb 8, 2019 9:31am Feb 8, 2019 9:31am
Bear till Monday friends
Nice weekends
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  • #77,227
  • Feb 8, 2019 9:32am Feb 8, 2019 9:32am
Quoting mkvy
{quote} All the stops will be just above 1.1360 not where your red dashed line is. If all those stops are taken out, then the price will likely go higher
Yeah didn't even try to be precise drawing free-hand. The bulls seem to be in trouble anyway, I wouldn't be surprised if this friday turned out to be one of those crazy down slides
Pension fund Return This Month: 2.2%
  • #77,228
  • Feb 8, 2019 9:37am Feb 8, 2019 9:37am
Quoting Mitiblotch
{quote} DB: double bottom I'm not trading EU today. If I were to do that I'd be looking to buy as low as possible for the profit taking which may come fast and furiously. Lol...I sold USDCHF, as the 4hr candles there seem they want to fall to abyss. My reason for favouring longs on EU is that USDCHF, usually a good guage of USD strength, wasn't making new highs as EU moved down. Although I don't do correlation of instruments, but for today I believe it's reason enough to be suspicious of further shorts on EU.
Quoting bigiivan
{quote} Correlation have to be: EUR/USD up = USD/CHF down If CHF can't make new highs then have to expect strong EUR.
I totally agree with you both. I'm not at my monitors right now and can't show you my CHF chart. It has a proven breakdown model down the uptrend line. I wrote this morning about the level of 1346-49 and as we can see, the price tested it, but could not consolidate higher. Given the strong correlation with CHF, I expect a possible retest of this area. But maybe not today.
I wish you all a good weekend, see you on Monday.
  • #77,229
  • Feb 8, 2019 9:53am Feb 8, 2019 9:53am
eu no powe again maybe rise to 1.15 we need to wait until nirvana if today red bar close .... i think next week... will.. see.. 1.11x gbp need down more to any option ready to down but when ...

stay green people hope you win on broker you play
  • #77,230
  • Feb 8, 2019 9:58am Feb 8, 2019 9:58am
I think what EU wants to do here is obvious!
  • #77,231
  • Feb 8, 2019 9:59am Feb 8, 2019 9:59am
Quoting Mayly-May
can't wait to see 1.125 today let euro burn down
  • #77,232
  • Feb 8, 2019 10:00am Feb 8, 2019 10:00am
Quoting Mayly-May
eu no powe again maybe rise to 1.15 we need to wait until nirvana if today red bar close .... i think next week... will.. see.. 1.11x gbp need down more to any option ready to down but when ... stay green people hope you win on broker you play
Thanks you too
  • #77,233
  • Feb 8, 2019 10:00am Feb 8, 2019 10:00am
Quoting 5astelija
{quote} Yeah didn't even try to be precise drawing free-hand. The bulls seem to be in trouble anyway, I wouldn't be surprised if this friday turned out to be one of those crazy down slides
may the gods hear you!
  • #77,234
  • Edited 10:59am Feb 8, 2019 10:04am | Edited 10:59am
Here is my thinking Guys,

If and when we have a possible swing reversal to the top. They will whack it up 50 to 100 pips to the top and trap longs and drop it another 200 pips or more or they could go straight up in a flash. Always a 50/50 at this point. Never easy is it?. Trading swings are never easy. If you are a scalper you are probably ok. Here's the thing. If you want to get into short to medium term swings like me it could take days if not weeks. Patience remains key.

As I am writing Eu is showing momentum to the short side. Will see how his pans out for a weekly close candle. A full bodied weekly candle could spell trouble for bulls.
Take care
Cheers
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Trade to trade another day
  • #77,235
  • Feb 8, 2019 10:04am Feb 8, 2019 10:04am
my evening view

if US index will stop on R = stop euro short
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Trendlines H1,H4, SMC
  • #77,236
  • Feb 8, 2019 10:09am Feb 8, 2019 10:09am
Still in sell mode
i hope to break the low ....
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trying to make everyday the best risk/reward decisions possible
  • #77,237
  • Feb 8, 2019 10:17am Feb 8, 2019 10:17am
EU 15mins

Look at the penultimate candle and correspond with volume. Red candle (no reasonable bottom wick)with highest sell volume. What that says to me is that the low (1.1322) will be broken!
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  • #77,238
  • Feb 8, 2019 10:18am Feb 8, 2019 10:18am
Quoting slowbrain
Still in sell mode i hope to break the low .... {image}
if it breakdown , it will be testing 24 jan support ...
  • #77,239
  • Feb 8, 2019 10:19am Feb 8, 2019 10:19am
Quoting Mitiblotch
EU 15mins Look at the penultimate candle and correspond with volume. Red candle (no reasonable bottom wick)with highest sell volume. What that says to me is that the low (1.322) will be broken! {image}
and NY open on the high of the day ..... they pull up the rubber band ...
trying to make everyday the best risk/reward decisions possible
  • #77,240
  • Feb 8, 2019 10:24am Feb 8, 2019 10:24am
h1+15m
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yes yes yes
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