EURUSD

close > daily cloud is bullish, however resistance near 1200 is the real deal.
I expect price to test 1200/1220 and then roll back all the way down to the cloud lower boundary.

path of least resistance

bulls got until H4 close to take out 1150, otherwise price might roll back down (1100) into EOD today.
If there's no buying into NY open >1150, means profit taking will set in into weekend.

buy stops (above HOD) removed. Into H4 close might scale in sell stops.
Not looking good for bulls (30 mins to go).

no doubt in strong bull but waiting breaks 1.1134 tl / limit for 1109 , , bo 10594 limit test. take care

Here's my view, euro probably undergoing wave 3 (inside the channel)

jumped at the exact level for another leg up about 20 pips + . so may now look for sell if some pips !

Wow! What an opportunity! I mean I will short this down till the 1.1000... OMG man, can't wait
Jesus man... 170pips to harvest! Well I said you could short 50PIPs, but now it's triple that My merlin's line still holds so I won't be reposting this time... Will do in a week or max 2weeks if we would have some extension due to extraordinary market conditions. But a deal is a deal.. See what happens in a week! 1.1000 still the target for 25th
So watching at those 170pips above the merlin's line makes me like this:


Also it's funny af.. one guru was calling for bulls for the whole summer, raping with with them and with "buying the dips"... guided many traders into the abyss... but now that they came.. at least for now (in the end of October scale) he is shorting. I mean, haha, wtf... One would just have to do the opposite what he does and make crazy profits... Gladly he is at the broker that has very low stop-out otherwise he would feel the pain already... or if he would actually trading for anyone.. right now, he might just switch/ditch (again) this pocket money account anyway Was good for a side show, but people still follow blindly... which confirms what I was saying.. to many, results are irrelevant, just need some leader/daddy

Ok that would be it people, see you in a week, hopefully.. Same MASSIVE opportunities next week... Can't wait.. I mean... almost make me.. when I think of it!
GO HARD!

EDIT: it might squirt up a little, like 20PIPS UP after market opens... 1.1190... from which point I would short it to till the 1.1000 190PIPS... F yes... Remember, next week is the end of the 3month merlin's line that you had at your disposal since 25JUL19 Check previous posts...

lol. short sellers. every 10 pips move UP wipes out 17.5 mln USD of equity.
you guys, who talk about short selling. Let's see. What's your stop loss and entry?

ffs. this is not a Tinder app. This is FF. Leave your wet dreams for other places, thanks.

puppet master leading his sheep enmasse for the slaughter.

brokers love this guy. Leading the 1000+ lemmings to jump off the cliff.
This guy must be getting nice rebates on all the margin calls.

I've posted this DX daily price/RSI10 div 3 weeks ago.
You guys really ought to track momentum changes in the market.

heavy SL cluster in EURUSD is located @ 1240-1260. So do you know how much money are retail short sellers set to lose
if EURUSD pumps 100 points from here? A staggering 175 mln USD!

short sellers have 125 000 lots short in GBPUSD. Every 100 point move NORTH will wipe out 125 mln USD of equity.
EURUSD short sellers got 175 000 + lots short. Every 100 point move NORTH will wipe out 175 mln USD.
All in all a 100 point move NORTH in EU/GU will wipe out a combined 300+ mln USD.
And this could happen overnight and x2-x4 as well.
No wonder banks love this game!

factors that support further upside in EURUSD next 4-8 weeks

 

1. Brexit deal getting finalized. If Hard Brexit risk is removed from market, easy 100+ points upside in EURUSD
2. US/China trade war thawing (put on hold, let's put it that way). Signs are there already. Huawei negotiating with US authorities for licenses.
3. Another rate cut coming for the DX (FOMC). Almost guaranteed now (90% odds).
4. Sequence of lower highs broken on HTF chart (daily)
5. retail sentiment (90% SHORT)

factors that still weight heavily on EURUSD

 

1. Very weak ZEW data, very close to recession levels now. Needs to get an uptick soon.
2. Brexit financial impact even with the deal signed
3. Political stability in the region (France, Spain)
4. DXY might produce a major bounce after rate cut (priced out).

let me know if I'm missing something, I'll add it to the list.

on daily EURUSD bear sequence is broken now. This is a big deal, if you got any doubts about it.

Kurora, I don't want to contaminate my buddy's thread with your crap.
See below. Who's the liar now?

Please stop promoting your paid telegram signals group, or you will be moved
to commercial section of Forex Factory.

strong bullish for no doubt but may not not be uncontested for further up easily & no option left to correct more at the same timehaving weekly resistance overhead though . so watching 1138 and 1063 heartlines for all bull bear next days . take care