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EURUSD only

  • #96,921
  • Oct 24, 2019 10:05am Oct 24, 2019 10:05am
Attached Image (click to enlarge)
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Now we have the first time EURUSD has stricken the 4HR48MA since the 15th of October. If a 4HR candle can close below the 4HR48MA it will be the first time since the 2nd of October. Perhaps then we can have a downward swing over the coming week or so to follow what became the largest bounce in EURUSD in the last 12 months.
  • #96,922
  • Oct 24, 2019 10:06am Oct 24, 2019 10:06am
Let's pull a June into July situation bears come on.
  • #96,923
  • Oct 24, 2019 10:12am Oct 24, 2019 10:12am
Quoting Wavegarrick
{quote} Hi Guys, My sell trades still holding. Today price bounced off my weekly pivot at 1.11062 with pin point accuracy. Price is heading back south as I type. Not sure if 1.11000 could be tested today still, or price could move up from here. We have had a retrace of 3 days and tomorrow being reversal thursday for me, I will start looking out for bullish signals. If price smashes through my round number at 1.11000, my next area of interest will be 1.10830 ish which is my pale green rectangle. All the best, Cheers. {image}
Hi Guys,
Price tested 1.1150 today and was rejected. This upmove today also took my sell trail stops out, unfortunate but got out a couple of pips profit. Important now is 1.11000. A daily close above could be good for bulls and I will look for bullish signals. However if they drop it down below I could be looking at my next support area at 1.10830 ish as per my previous post.

All the best
Cheers.
Trade to trade another day
  • #96,924
  • Oct 24, 2019 10:15am Oct 24, 2019 10:15am
Leading diagonal triangle termination point is here.
This should tuck her into bed (bounce) for the weekend..
Founder of Sutherland Wave Principle
  • #96,925
  • Oct 24, 2019 10:22am Oct 24, 2019 10:22am
this will make new low for sure ! filling french election gap is very likely.
  • #96,926
  • Oct 24, 2019 10:22am Oct 24, 2019 10:22am
Quoting Maroc-Ismail
Someone ever tried to catch a falling stone? No? Well today is your lucky day! 60 pips drop incoming After the drop I think we will make a new high!
  • #96,927
  • Oct 24, 2019 10:23am Oct 24, 2019 10:23am
the 15m is yesterdays chart, i got in today only because we had a big power outage here that went for 24 hours. So im grateful for the spike this afternoon.

The 1H is what i think will happen next week and then Nov. Next week i think we going to see a typical month end reset.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1 24 Oct 2019.png Size: 116 KB
Click to Enlarge Name: EURUSD M15 23 Oct 2019 v1.png Size: 87 KB
Trade it as it lies
  • #96,928
  • Oct 24, 2019 10:37am Oct 24, 2019 10:37am
Quoting LCForex
Long here 1.1109. TP1: 1.1130 TP2: 1.1162. STOP:
Wrong long, do not bounce at 1.1105. Right now support comes at 1.1088. The idea of 1.1220 died today for now. We should continue sideway and lower until next week. Possible bounce to 1.1125/33 for now!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 217 KB
Don't believe me just watch!
  • #96,929
  • Oct 24, 2019 10:43am Oct 24, 2019 10:43am
I have .1088 and .1073 for possible bounce
I'm not lucky enough to catch the top but i forget to change my lot so i'm short with 10x my usual lot.making good % today
Don't mind me.. i'm crazy
  • #96,930
  • Oct 24, 2019 10:49am Oct 24, 2019 10:49am
Just realized it's THU haha. Very busy here with surveyors and meetings all week thas my excuse.
Founder of Sutherland Wave Principle
  • #96,931
  • Oct 24, 2019 10:49am Oct 24, 2019 10:49am
Test the waters buy trade at 1.10953 stop loss 20 pips. I know risky but I am looking at levels.

Cheers.
Trade to trade another day
  • #96,932
  • Oct 24, 2019 10:52am Oct 24, 2019 10:52am
... https://www.forexfactory.com/showthr...3#post12569813
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 czw.png Size: 62 KB
  • #96,933
  • Edited 12:26pm Oct 24, 2019 11:15am | Edited 12:26pm
It's done down period forget, 1.09 Will be watching the next bull run for early termination before completely dismiss further downside.
Sell stop and stop loss for buy @ 1080s
Founder of Sutherland Wave Principle
  • #96,934
  • Edited 11:52am Oct 24, 2019 11:42am | Edited 11:52am
Daily Status Update

For my followers;

  1. Dashed RED touch sort of happened at 1.1093 and now the question is will current daily candle close above 1.1083?

    1. If yes: bulls have the chance to push price back up above 1.1135 inside Friday or next week! (Without a RED TL breakout we can't have a bullish continuation).
    2. If no: a deeper correction towards 1.1032 can delay a potential bullish continuation.

No need to complicate.. That's basically all for tomorrow..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EU-Daily-EF-System.png Size: 32 KB
Focus only on what truly matters!
  • #96,935
  • Oct 24, 2019 12:11pm Oct 24, 2019 12:11pm
Hi Guys,
The reason I put my trades out here is not because of thumb sucking. I do believe that we could go up significantly. Whether bad for the Euro currency or not. I believe in cycles, news or not. I do believe that Eu will eventually go up much higher. I look from a daily perspective that we could go up significantly from this point on wards. I know unbelievable, for most and I guess why so many will lose.

It is a matter of looking at the bigger picture and zooming into the smaller time frames. It is a very hard thing to comprehend at this stage of the game but I just do not think that Eu will go to parity this late in the year as so many believe. I am bullish over all but will scalp short from time to time.

Trade safe guys.
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_315.png Size: 103 KB
Trade to trade another day
  • #96,936
  • Oct 24, 2019 12:21pm Oct 24, 2019 12:21pm
Quoting LCForex
Long here 1.1109. TP1: 1.1130 TP2: 1.1162. STOP:
Running at BE
Don't believe me just watch!
  • #96,937
  • Oct 24, 2019 12:21pm Oct 24, 2019 12:21pm
As much as I hoped for a further drop to 1,1060/70, I'm not sure anymore. The drop was good, but bulls survived. Look at the 4H chart. I hoped price would close below the weekly pivot, but it closed right above it. And if you look at the run bulls made last weeks, weekly pivot acted supportive. 1,1110 is critical for bears. If bulls get passed this level, then bears can forget about a further drop.

Bears were so close, I swear
  • #96,938
  • Oct 24, 2019 12:27pm Oct 24, 2019 12:27pm
Quoting Maroc-Ismail
As much as I hoped for a further drop to 1,1060/70, I'm not sure anymore. The drop was good, but bulls survived. Look at the 4H chart. I hoped price would close below the weekly pivot, but it closed right above it. And if you look at the run bulls made last weeks, weekly pivot acted supportive. 1,1110 is critical for bears. If bulls get passed this level, then bears can forget about a further drop. Bears were so close, I swear
It looks like 1,1110 is holding.. If price gets back below weekly pivot, I will jump in
  • #96,939
  • Edited 12:52pm Oct 24, 2019 12:42pm | Edited 12:52pm
EU weekly thoughts on chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu weekly 3 breakout.png Size: 155 KB
Click to Enlarge Name: eu crystallball.png Size: 151 KB
Turn your wounds into wisdom
  • #96,940
  • Oct 24, 2019 12:55pm Oct 24, 2019 12:55pm
Quoting Maroc-Ismail
{quote} It looks like 1,1110 is holding.. If price gets back below weekly pivot, I will jump in
Take a look at the 4hr chart and see. Price will most likely drop further. I bought 1.1097 after much confirmation and have already closed. If price is to go up, I can tell you with a high level of confidence that whenever that day is, London will take out this current low. 1.106x area is the area I see really high volume. Also EU is really capped at 1.1250-60. I do NOT see it passing that area before checking much, much lower prices.

1. The 4hr chart formed an M. Now this isn't a joke when it forms on the 4hr. The rejection of all the spikes today wasn't just to stop at 1.1092. Never! The last time we had such spikes price fell from 1.1096 to 1.088x area.

2. Sterling also formed same pattern on the 4hr. Now with talks of early election and all that, it will have adiverse effect on EU.

3. A 4hr close below the 30EMA is never fun for bulls on any pair.

I also will buy from time to time, like I did tonight, but I don't want to lose sight of the fact that this can fall all the way. Draghi, Lagarde are all same versions of each other differentiated only by their gender. The thing helping EUR currently is the Fed's current POMO operations. But we have to KEEP IT SIMPLE: Buy support, sell resistance.
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