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  • #1,149,941
  • Feb 16, 2019 9:05am Feb 16, 2019 9:05am
I would be interested to sell rallies from 1.14 if it gets there

I don’t think that it will and if the EU data is bad next week, then I think the price will fall through 1.12
Don't Worry Be Happy
  • #1,149,942
  • Feb 16, 2019 9:11am Feb 16, 2019 9:11am
Quoting MrPresident
I would be interested to sell rallies from 1.14 if it gets there I don’t think that it will and if the EU data is bad next week, then I think the price will fall through 1.12
i am, looking forward to first going 1.14 ..
I'll see what else to do if I get there.
  • #1,149,943
  • Feb 16, 2019 9:52am Feb 16, 2019 9:52am
Quoting tiborf71
{quote} i am, looking forward to first going 1.14 .. I'll see what else to do if I get there.
you need to see a bar closed above 1.1341 and 1.14 is on cards.
Don't believe me just watch!
  • #1,149,944
  • Feb 16, 2019 9:59am Feb 16, 2019 9:59am
Quoting LCForex
{quote} you need to see a bar closed above 1.1341 and 1.14 is on cards.
I don't think the price would go over 1.1402.
but the situation can still change.
  • #1,149,945
  • Feb 16, 2019 10:34am Feb 16, 2019 10:34am
Quoting tiborf71
{quote} I don't think the price would go over 1.1402. but the situation can still change.
wrong quote!

you need to see a bar closed above 1.1341 to look at 1.14
Don't believe me just watch!
  • #1,149,946
  • Feb 16, 2019 10:41am Feb 16, 2019 10:41am
Quoting LCForex
{quote} wrong quote! you need to see a bar closed above 1.1341 to look at 1.14
the truth is that I do not trade on bands.
so they don't care about the bands.
  • #1,149,947
  • Feb 16, 2019 7:41pm Feb 16, 2019 7:41pm
Something I posted elsewhere on the 4th of January where i pointed out that a failure below 115 would see continue selling towards the 2017 lows of 11220 and since that post price has revisited that 115 with a 11570 high on the 11thJan and failed again the close above 115 on the 1st Feb

"E/U daily chart going forward into coming months and 2019 https://www.screencast.com/t/xDshIkLCjNy and is still range bound within the Nov range"

"and this is the bearish view below the major 38.2%/2018 low 11220 zone https://www.screencast.com/t/A7PQ1pJ1kO and the second res level of 118 or 2018 38.2% level of 11726( containment within the downsloping channel "

ATM price is testing very strong support zone and a break below the range low of 11220 may see price in the coming months make a new lower range of 300 pips lower and extend price into 110/109 with continued selling pressure may take price to the 2017 French election gap at 108 and the flipside to that is that price may find support at this level and will test the range once again to 115/11620 resistance

https://www.screencast.com/t/8jPrAYaZ
  • #1,149,948
  • Edited Feb 17, 2019 3:32am Feb 16, 2019 10:27pm | Edited Feb 17, 2019 3:32am
Quoting gio123
Something I posted elsewhere on the 4th of January where i pointed out that a failure below 115 would see continue selling towards the 2017 lows of 11220 and since that post price has revisited that 115 with a 11570 high on the 11thJan and failed again the close above 115 on the 1st Feb "E/U daily chart going forward into coming months and 2019 https://www.screencast.com/t/xDshIkLCjNy and is still range bound within the Nov range" "and this is the bearish view below the major 38.2%/2018 low 11220 zone https://www.screencast.com/t/A7PQ1pJ1kO...
Strong support due price ended before from leg down 1.1811 to 1.1214 and already correceted also at 1.1570.so now this present correction leg from 1570 to decide as end of the whole correction from top 1.2550 or the same from 1.1811.that is only chances truncated/double bottom to forcefully termination as the leg down 1811 seems very small proportionately. Anyway the last down from 1811or lattest ranging tops 1570/14 in very strong bear in nature for wave 3 or c down as in higher tf unless truncated!! So test the bottom again and again. Again eurozone or the world economy not seems so ready for another 5/10 years bull action and they must wait usd to tank by itself, that let it get what it wants to first. Take care
Opening movement same as before
https://www.forexfactory.com/showthr...5#post12009025
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,149,949
  • Feb 17, 2019 3:40am Feb 17, 2019 3:40am
I've added another trendline to my chart.
if the price will react to it, then real
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  • #1,149,950
  • Feb 17, 2019 4:04am Feb 17, 2019 4:04am
My play for next week

https://www.forexfactory.com/showthr...1#post12011641
COT: The precious data ignored
  • #1,149,951
  • Edited Feb 18, 2019 12:10am Feb 17, 2019 6:09am | Edited Feb 18, 2019 12:10am
1. Trump tries to sound optimistic on China's talks, but the important outcome is not a certain thing...
2. The FOMC this week will remind us that is not planning to raise the rates soon.
3. Bad Sales numbers shows once more the economy is slowing
4. The intention to declare a state of emergency to get wall funding, sounds more like legislative trouble...

All this sounds bad for the USdollar, therefore we might see EUR/USD going a little up from Monday.
Member
  • #1,149,952
  • Feb 17, 2019 7:38am Feb 17, 2019 7:38am
Here's my take on the EURUSD this week. I expect the market to continue a bearish disposition this week.

On the weekly time frame, in January 2018, the market made a 61.8 Fib retracement of the downward drop from the high of April 2014 to the low of December 2016 and is trading below a descending trendline (red) traceable to May 2011. Presently, price action on the weekly time frame is located around a multi-year S/R area and is in a consolidation phase. A breakdown of the area is likely to result in a momentum for a southward continuation. Any northward retracement is likely to be corrective in nature.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #1,149,953
  • Feb 17, 2019 9:47am Feb 17, 2019 9:47am
Quoting KeenPips
Here's my take on the EURUSD this week. I expect the market to continue a bearish disposition this week. On the weekly time frame, in January 2018, the market made a 61.8 Fib retracement of the downward drop from the high of April 2014 to the low of December 2016 and is trading below a descending trendline (red) traceable to May 2011. Presently, price action on the weekly time frame is located around a multi-year S/R area and is in a consolidation phase. A breakdown of the area is likely to result in a momentum for a southward continuation. Any...

Thank you for the chart, the trend lines to the buy side is where we should short?
To shag or not to shag that is the question. #Me
  • #1,149,954
  • Feb 17, 2019 3:58pm Feb 17, 2019 3:58pm
Are you tracking the EURUSD market this week? Consider this top-down technical perspective.

The EURUSD market has been sideways for quite a while.

The daily time frame shows a market operating in a descending channel (blue). Price action has completed two downward waves within the channel and is disposed southwards. However, it is in a consolidation phase and bulls were largely in control last week Thursday. We may see a northward pullback in the early part of this week, but bulls are not likely to have much space for a northward move. The technicals favour a southward turnaround.

The H4 time frame shows that bulls are presently taking price action on a northward retracement. However, there are a few barriers which they must contend with. A significant barrier is around the horizontal resistance spanned by 1.13480/1.13720. A southward turnaround after the northward pullback is likely to give a much-desired momentum to a bearish continuation. I will be looking for a bearish setup at an area of value, say around 1.13850, which is near the immediate horizontal resistance.

I may be wrong. Trade safe and prosper.


KP

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Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #1,149,955
  • Feb 17, 2019 7:11pm Feb 17, 2019 7:11pm
Quoting Miracleforex
Encyclopedia of chart patterns is a very good read. My mentor-my grandfather had me read this in 2008 and memorize a few patterns. Accordingly the next 6 bars on daily chart should end in red 50-100 pips. That gives us a target of 1200. If no other pattern shows up in this time, count another 100 pips down. But in the next 6 bars, a reversal chart pattern shows up, then the market prepares to move north. Therefore the next week is paramount for direction. The current pattern ending on Friday points south. I will trade the OPENING 3RD BAR on a 4...
I am not trading the above today. Seems stubborn at the moment.
Just retired from University
  • #1,149,956
  • Edited 11:35pm Feb 17, 2019 9:45pm | Edited 11:35pm
So once for all correction attempt continues, 1322/. Then may try catch 1341,anyway test short on the way to get 1305 breaks to get 1286 and breaks then low target. Sl just above 1341,if works good otherwise it may extend easily to 1365+,that is one full length correction to down. If test short with care., step by step only. Same with long also.

more chart in lower tf , waiting breaks the level 1305
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,149,957
  • Feb 17, 2019 10:04pm Feb 17, 2019 10:04pm
RSI2 SPIN EA (aka) Omega Trader
  • #1,149,958
  • Feb 17, 2019 10:35pm Feb 17, 2019 10:35pm
Quoting macdulio
RSI2 SPIN EA (aka) Omega Trader
Simply Genius!
Just retired from University
  • #1,149,959
  • Feb 18, 2019 12:00am Feb 18, 2019 12:00am
Quoting macdulio
RSI2 SPIN EA (aka) Omega Trader
how do i get it
  • #1,149,960
  • Feb 18, 2019 12:02am Feb 18, 2019 12:02am
So Friday we've seen a little bull breakout the bearish TL, after 1235 bounce.
Fundamentals Gods seem to favor the bull as well, after 1290 W_PP more bounce.
Conclusion, little correction then bull rally continuation?
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