EURUSD only

I feel you man

Fiber Update

morning

Sold 1.1196
SL 6 pips

look out for level 1.1187 !

Price action has been really weird, except for the first 2 leg of this downtrend it has never done a proper retracement (has never touched the 23.6 level). Normally with such repeated shallow pullbacks that aren't proper retracements it would mean a trend is about to end and yet its heading lower and lower.

True, Jay. The most comfortable place for a medium term long is 1.113. Every other buy before there is just a scalp. I've been trading other funny pairs (trying to diversify) and pulling in some profits. I check EU's price and smile, waiting for that bottom which I so muvh love to pick. Not interested in selling here, as a spike can occur. Everybody selling here is late.

Good morning.

Check 1: are we above today's London Opening price: 1.1200 or below? Answer: Slightly above or at!
Check 2: are we above GREEN line on H1: 1.1215 or below? Answer: below!

Verdict: Wait for direction but expect a retest towards 1.1215 area!

Stay Green

Good Morning friends,

Buy order just got activated at 1.1195, SL 1.1165, TP; Open

Pending Buy Order: 1.1177(Size 2x) , SL and TP the same

Trade safe
Happy Trading

For me, any sell order before 1.117 are safe..
I will stop selling right at 1.117

will just let it accumulate

#gann important she not hit 11189 from the weekend else that changes things, bout half one pip over give or take

#gann yesterdays 5 minute map pretty decent supposed to hit a,b,c,d ... hit a',b',c' all three good just a bit late ... and d 11306 to the pip minute though got there early

Two views on EURUSD:
View ONE:
Author: Eamonn Sheridan |
A brief snippet from Morgan Stanley on the euro, I've tagged it under technical analysis (bolded bit below) but its a chunk of fundamentalism that's the preamble
why FX markets may no longer find yield and interest rate differentials as a reliable FX guide
The answer lies in the relative size of FX-unhedged flows. About US$10trn of outstanding global bonds have become negative-yielding, suggesting foreign flows into negative-yielding bonds only make sense when the FX hedge turns the negative yield positive.
Interest rate differentials determine the size of FX-hedged bond flows - with no immediate impact on FX. It is the equity-related flow determining the performance of lower-yielding currencies such as JPY and EUR.
Better China data should allow especially European equity markets to outperform and EURUSD to catch a bid. A break of 1.1280 is required to turn the EURUSD technical picture constructive.
(Overnight note from Morgan Stanley)

View TWO:

Pablo Piovano | April 02, 2019 07:18 GMT
EUR/USD door open for a visit to 1.1174
The pair could slip back to YTD lows at 1.1174 in the next weeks, according to FX Strategists at UOB Group.
Key Quotes
24-hour view: “EUR registered a range of 1.1201/1.1249 yesterday, relatively close to our expected range of 1.1205/1.1255. The subsequent weak daily closing in NY has increased the downside risk for EUR but in view of the lackluster momentum indicators, any decline is unlikely to challenge last month’s low at 1.1174 (next support is at 1.1145). On the upside, resistance is at 1.1230 but only a move above 1.1255 would indicate that the current downward pressure has eased”.
Next 1-3 weeks: “We highlighted in recent updates that a NY closing below 1.1220 would indicate that EUR is ready to “revisit the 07 Mar low of 1.1174”. While EUR closed marginally lower by -0.02% (1.1217) in NY last Friday, it is enough to indicate that there is room for EUR to revisit 1.1174. That said, downward momentum has not improved by much and the prospect for a sustained decline below 1.1174 is not high (next support levels are at 1.1145 followed 1.1110). On the upside, a move above 1.1300 would indicate the current mild downward pressure has eased”.

[quote=Tslj.sg;12182835]Two views on EURUSD: View ONE: Author: Eamonn Sheridan | A brief snippet from Morgan Stanley on the euro, I've tagged it under technical analysis (bolded bit below) but its a chunk of fundamentalism that's the preamble why FX markets may no longer find yield and interest rate differentials as a reliable FX guide The answer lies in the relative size of FX-unhedged flows. About US$10trn of outstanding global bonds have become negative-yielding, suggesting foreign flows into negative-yielding bonds only make sense when the FX hedge turns the negative yield positive. Interest rate differentials determine the size of FX-hedged bond flows - with no immediate impact on FX. It is the equity-related flow determining the performance of lower-yielding currencies such as JPY and EUR. Better China data should allow especially European equity markets to outperform and EURUSD to catch a bid. A break of 1.1280 is required to turn the EURUSD technical picture constructive. (Overnight note from Morgan Stanley) View TWO: Pablo Piovano | April 02, 2019 07:18 GMT EUR/USD door open for a visit to 1.1174 The pair could slip back to YTD lows at 1.1174 in the next weeks, according to FX Strategists at UOB Group. Key Quotes 24-hour view: “EUR registered a range of 1.1201/1.1249 yesterday, relatively close to our expected range of 1.1205/1.1255. The subsequent weak daily closing in NY has increased the downside risk for EUR but in view of the lackluster momentum indicators, any decline is unlikely to challenge last month’s low at 1.1174 (next support is at 1.1145). On the upside, resistance is at 1.1230 but only a move above 1.1255 would indicate that the current downward pressure has eased”. Next 1-3 weeks: “We highlighted in recent updates that a NY closing below 1.1220 would indicate that EUR is ready to “revisit the 07 Mar low of 1.1174”. While EUR closed marginally lower by -0.02% (1.1217) in NY last Friday, it is enough to indicate that there is room for EUR to revisit 1.1174. That said, downward momentum has not improved by much and the prospect for a sustained decline below 1.1174 is not high (next support levels are at 1.1145 followed 1.1110). On the upside, a move above 1.1300 would indicate the current mild downward pressure has eased”.[/quote

Buy 1.1165 tp 1.1250 SL 30p

everyone and their grandmother is long EU. are the robber banks going to fleece us all?

#gann am forecasting further stab lower to circa 11183 but go ahead and just ignore this message cause if thats the low it wont happen for a while ... as an earlier chart indicates if lows check in early they are never thee low

off course lol,you dont know yet? if 70% people l9ng you must short thats the rule

not me
SELL from 1.1202
4 pips SL

1 minute tmeframe

Sell 1.12026
SL 1.12126
TP 1.11826 (May shift this up if it looks like it wont reach it)

Sorry to bother you, but if you don't mind me asking are you using 1 minute to scalp or is it a trigger timeframe thing? And if so isn't there a lot of noise there and why M1 and not the M5? I just would like to know as right now i am using only one timeframe (M5) and want to understand more.

Everyone still confident on long?

Thinking of going long at 1.1200

What are your thoughts?

Ata- you still confident on long? I am sure you had a trade at 1.1204 yesterday, correct me if I am wrong!

thanks for this. good stuff for me here to think about