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  • #80,981
  • Mar 8, 2019 8:18am Mar 8, 2019 8:18am
EURUSD Weekly
Price touched the weekly strong support level at 1.12213 THIRD time and if the weekly candle remains above this price and its surrounded support area ( in blue ), we should lookout for bulls upto 1.13673 fibo level next week after some bearish retracement.

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EURUSD Daily
Price touched the daily downtrend channel line and the final price could go now 1.14045 after making some short term bearish retracements.

Attached Image (click to enlarge)
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Price is under 20 SMA both on Daily and weekly charts so the overal bias is bearish.
Watch-out for Banks.

Happy Pips++++
  • #80,982
  • Mar 8, 2019 8:19am Mar 8, 2019 8:19am
Quoting StormLee
{quote} Add twelve hours to that. Powell doesn't speak until late tonight, after market close.
Ok, my bad. Did not see pm on time.

Carry on this will be a nothing event as trade is done for week.
Ecclesiastes 1:9
  • #80,983
  • Mar 8, 2019 8:21am Mar 8, 2019 8:21am
Quoting AlphaOmega.
{quote} Well then..... Ata has a lot of home work this weekend to come up with a strategy.. otherwise next week I have to go look for good shelter house.
a trend reversal will be followed by a reversal pattern, ... and now the reversal pattern is not visible, so it can be said ... even if the price rises then it is a sideways movement
Market is always dinamic
  • #80,984
  • Mar 8, 2019 8:21am Mar 8, 2019 8:21am
Quoting shery
EURUSD Weekly Price touched the weekly strong support level at 1.12213 THIRD time and if the weekly candle remains above this price and its surrounded support area ( in blue ), we should lookout for bulls upto 1.13673 fibo level next week after some bearish retracement. {image} EURUSD Daily Price touched the daily downtrend channel line and the final price could go now 1.14045 after making some short term bearish retracements. {image} Price is under 20 SMA both on Daily and weekly charts so the overal bias is bearish. Watch-out for Banks. Happy...
Thank you Shery... very nice and clear opinion/signal ... I have to get Ata's writetin in my head... New world into an old head.
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  • #80,985
  • Mar 8, 2019 8:23am Mar 8, 2019 8:23am
Quoting post
Good Morning my friends! Testing small Buy at 1.1201, SL: 40 pips, TP: Open (Short Term) [If I survive till NFP... will close manually depending on data] Reasons: EU kinda over sold in 4H and Daily, Dollar rising but lost my faith on it due to dovish FED NB: Bulls needs to be cautious as Good NFP could take us towards 1.1130... and finally by the end of month 1.10, where I guess she will bottom out... Update: RED NFP could take us towards 1.13xx (Short term) given the over sold condition of EU plus Friday sell the Dollar mode lol ...

I am still on just added few more at 1.1220

Happy Trading
Trades technical moves enforced by fundamentals
  • #80,986
  • Mar 8, 2019 8:24am Mar 8, 2019 8:24am
Quoting hesrondopa
{quote} a trend reversal will be followed by a reversal pattern, ... and now the reversal pattern is not visible, so it can be said ... even if the price rises then it is a sideways movement
In other words..... Technically the trend reversal has already started?
LEARN THE ABILITY TO GRAB COINS FROM A HOT FURNACE
  • #80,987
  • Mar 8, 2019 8:24am Mar 8, 2019 8:24am
Quoting newbegger
Don't forget Powell speaking in 1 hour. We may not see real market direction until then
Powell speaking will be a nothing burger for the plain fact that we've heard him "testify" with the same rhetoric for a month and know his position to a tee.

When he says that we are at the "bottom end of normalization", he's talking about 3%. If you look at the FED funds rate over the past 3 or 4 decades you will see that 3% is the bare bones minimum. That's where he ultimately wants the rate but he knows that for now, it's prudent to hold for 3-6 months at least. On the flip side, we know the Euro rate isn't going up likely in this decade.

Point being, same old story, Eurozone = high unemployment, stagnant wages, depressed industrial production, no growth with little hope for future growth (even as stated by Draghi himself). Buy Euro pay swap? Um, no thanks.
Pride always comes before destruction.... -Proverbs 16:18
  • #80,988
  • Mar 8, 2019 8:27am Mar 8, 2019 8:27am
Quoting AlphaOmega.
{quote} Ata where did you say was support on the H4 chart?
Last time I checked was 1.1205 area.. (The area where I took a long trade yesterday and obviously too early! The market needs time to follow me )

Stay Green
Focus only on what truly matters!
  • #80,989
  • Mar 8, 2019 8:29am Mar 8, 2019 8:29am
Quoting newbegger
Don't forget Powell speaking in 1 hour. We may not see real market direction until then
Wouldn't matter if he spoke during market hours anyways. Still would be a nothing burger for the plain fact that we've heard him "testify" with the same rhetoric for a month and know his position to a tee.

When he says that we are at the "bottom end of normalization", he's talking about 3%. If you look at the FED funds rate over the past 3 or 4 decades you will see that 3% is the bare bones minimum. That's where he ultimately want's the rate but he knows that for now a hike isn't warranted. Holding for 3-6 months is the prudent thing to do. On the flip side, we know the Euro rate isn't going up likely in this decade.

Point being, same old story, Eurozone = high unemployment, stagnant wages, depressed industrial production, no growth with little hope for future growth (even as stated by Draghi himself). Buy Euro pay swap? Um, no thanks.
Pride always comes before destruction.... -Proverbs 16:18
  • #80,990
  • Mar 8, 2019 8:29am Mar 8, 2019 8:29am
Quoting Ata-Turkoglu
{quote} Last time I checked was 1.1205 area.. (The area where I took a long trade yesterday and obviously too early! The market needs time to follow me ) Stay Green
Thanks Ata!! I wish they will follow you more hasty
LEARN THE ABILITY TO GRAB COINS FROM A HOT FURNACE
  • #80,991
  • Mar 8, 2019 8:35am Mar 8, 2019 8:35am
Quoting Expo33
{quote} Wouldn't matter if he spoke during market hours anyways. Still would be a nothing burger for the plain fact that we've heard him "testify" with the same rhetoric for a month and know his position to a tee. When he says that we are at the "bottom end of normalization", he's talking about 3%. If you look at the FED funds rate over the past 3 or 4 decades you will see that 3% is the bare bones minimum. That's where he ultimately want's the rate but he knows that for now a hike isn't warranted. Holding for 3-6 months is the prudent thing to...
So from all this I believe you to be a Republician?
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  • #80,992
  • Mar 8, 2019 8:38am Mar 8, 2019 8:38am
Quoting AlphaOmega.
{quote} So from all this I believe you to be a Republician?
What does this comment have to do with EUR/USD?

Let's not have any fights in here...
  • #80,993
  • Mar 8, 2019 8:39am Mar 8, 2019 8:39am
in tf weekly ... still in bearish continuation pattern ... at least until now

Attached Image (click to enlarge)
Click to Enlarge Name: a22.png Size: 67 KB
Market is always dinamic
  • #80,994
  • Mar 8, 2019 8:40am Mar 8, 2019 8:40am
Quoting Skracor247
{quote} What does this comment have to do with EUR/USD? Let's not have any fights in here...
My apologies... was not meant in started a fight, was making a joke in the sense that he do not have much good to say about the EU. That was it. I take the comment back. Sorry
LEARN THE ABILITY TO GRAB COINS FROM A HOT FURNACE
  • #80,995
  • Mar 8, 2019 8:43am Mar 8, 2019 8:43am
Quoting hesrondopa
in tf weekly ... still in bearish continuation pattern ... at least until now {image}
Thank you Hesrondopa.
LEARN THE ABILITY TO GRAB COINS FROM A HOT FURNACE
  • #80,996
  • Mar 8, 2019 8:45am Mar 8, 2019 8:45am
Quoting AlphaOmega.
{quote} My apologies... was not meant in started a fight, was making a joke in the sense that he do not have much good to say about the EU. That was it. I take the comment back. Sorry
Understood. Politics in U.S. are so touchy right now identifying yourself with one party is enough to get a fight going. I won't say anything about SA politics since I don't live there. The world is getting crazier by the year.
  • #80,997
  • Mar 8, 2019 8:45am Mar 8, 2019 8:45am
i may be too soon or completely wrong....

SELL 1.1224
reason mainly the pinbars on M15 rejecting levels
also the non follow thru to NFP

SL 11 pips
in wondering about yourself, you forgot what you came here to be part of
  • #80,998
  • Mar 8, 2019 8:48am Mar 8, 2019 8:48am
Quoting Skracor247
{quote} Understood. Politics in U.S. are so touchy right now identifying yourself with one party is enough to get a fight going. I won't say anything about SA politics since I don't live there. The world is getting crazier by the year.
Agreed, I really did not mean any bad vibes. Concerning SA... wow man! ... I will have to dig really deep to be positive. Anyway .. back to the Forex:
LEARN THE ABILITY TO GRAB COINS FROM A HOT FURNACE
  • #80,999
  • Mar 8, 2019 8:50am Mar 8, 2019 8:50am
Quoting knkie
i may be too soon or completely wrong.... SELL 1.1224 reason mainly the pinbars on M15 rejecting levels also the non follow thru to NFP SL 11 pips
The pins don't lie.

Inserted Video
  • #81,000
  • Mar 8, 2019 8:51am Mar 8, 2019 8:51am
Quoting AlphaOmega.
{quote} Agreed, I really did not mean any bad vibes. Concerning SA... wow man! ... I will have to dig really deep to be positive. Anyway .. back to the Forex:
No worries man. Peace to all.
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