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EURUSD

  • #1,161,521
  • Edited 4:21pm Nov 27, 2019 4:00pm | Edited 4:21pm
Hundreds of points moved.. distance traveled 10 pips! zZZZZ
Fri, Sat, Sun,Mon, Tue, Wed.. still haven't moved more than 22 points in either direction!
Probably a bullish signal haha recoveries come out of long flat areas.
oanda left their spread in rape mode since the swap...
Founder of Sutherland Wave Principle
  • #1,161,522
  • Nov 28, 2019 3:37am Nov 28, 2019 3:37am
Quoting BlueRain
My take is EURUSD is downtrend started a couple of days ago…. and more likely to touch around 1.10 area in next few days.
My previous take on EURUSD to 1.10 area is now completed.
At this time, it seems EURUSD is consolidating and forming a sideway box formation - Rail Track.

Basically, it has bounced off Fib 61.8 level as well as touched BB lower level. MACD also shows up trend.
this Fib 61.8 level has been support for many times already and it is a major support area.

Typically, it will do one or two more up/down move with a fake-out then boom - heading to north. ( based on daily )

I think down pressure is now over and will start going north next few days... and more likely up to 1.1060 area.

Let's see how it goes.
  • #1,161,523
  • Nov 28, 2019 5:42am Nov 28, 2019 5:42am
1001 is the support if it breaks we can continue down.
Founder of Sutherland Wave Principle
  • #1,161,524
  • Nov 29, 2019 6:47am Nov 29, 2019 6:47am
The PA is difficult to read. The fundamentals are a mess. So what do we get here?
At this point I can only follow my indi which points UP. Besides the price has just hit a well known major support area.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,161,525
  • Nov 29, 2019 7:02am Nov 29, 2019 7:02am
Monthly,weekly,daily and four hour charts are showing major bearish on eurusd. Still holding my sell position. Eurusd bearish.
  • #1,161,526
  • Nov 29, 2019 7:05am Nov 29, 2019 7:05am
Quoting Techanalyst
Monthly,weekly,daily and four hour charts are showing major bearish on eurusd. Still holding my sell position. Eurusd bearish.
I think you are right. EURUSD testing now support with such a power. However I will wait until either breach or reject. Besides, December can be a weak month for the US dollar.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,161,527
  • Nov 29, 2019 9:59am Nov 29, 2019 9:59am
looks that eur and cable are setting on bullish in decembre
  • #1,161,528
  • Nov 29, 2019 10:40am Nov 29, 2019 10:40am
Some kind of divergence formed H1 and maybe H4 on eur-because of this gap.
  • #1,161,529
  • Nov 29, 2019 12:15pm Nov 29, 2019 12:15pm
Again, down pressure is rejected at the major support point. this is already 3rd time bounced back in recent attempts.
There is still box formation in progress and forming slowly Double Bottom formation in daily chart.

In addition, all of my indicators all point to reversal in progress... I think it will be heading up.
Economic news overnight were positive to euro overnight also.
  • #1,161,530
  • Nov 29, 2019 12:26pm Nov 29, 2019 12:26pm
Quoting NotAtrader
The PA is difficult to read. The fundamentals are a mess. So what do we get here? At this point I can only follow my indi which points UP. Besides the price has just hit a well known major support area.
Yes 45 pips up! I know I can trust my system...
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,161,531
  • Nov 29, 2019 2:04pm Nov 29, 2019 2:04pm
Quoting PatienceFx
{quote} perfect, i will short very heavily from 1050 and a single short at 1032 to start this week's trading {image}
Hi good to see you here . After restriction on forex trading around the globe including India,....you know the rest.

I have seen your prediction coming true in EUR so I joined to communicate.

Shall I buy after this bounce or bearish trend is still valid and we should look for selling opportunity?
  • #1,161,532
  • Nov 29, 2019 2:37pm Nov 29, 2019 2:37pm
........................
Attached Image (click to enlarge)
Click to Enlarge Name: Open Positions.JPG Size: 48 KB
Patterns have an underlying mathematical structure.
  • #1,161,533
  • Nov 29, 2019 2:43pm Nov 29, 2019 2:43pm
Quoting Amir_Forex
........................ {image}
You are targeting 1.1135. OMG!
Don't you think that EUR may resume fall after upward retracement?
  • #1,161,534
  • Nov 29, 2019 2:53pm Nov 29, 2019 2:53pm
Quoting BlueRain
Again, down pressure is rejected at the major support point. this is already 3rd time bounced back in recent attempts. There is still box formation in progress and forming slowly Double Bottom formation in daily chart. In addition, all of my indicators all point to reversal in progress... I think it will be heading up. Economic news overnight were positive to euro overnight also.
The same opinion here. But the majority (62%j of the retails are still long. This prevents me for now to enter long-term long positions. Scalping is ok for now.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,161,535
  • Edited 3:14pm Nov 29, 2019 2:58pm | Edited 3:14pm
Quoting NotAtrader
{quote} The same opinion here. But the majority (62%j of the retails are still long. This prevents me for now to enter long-term long positions. Scalping is ok for now.
Ya mate, even I am in the buy but just for scalping few pips. If we look at downswing between 21st November and today, 61.8% retracement level is around 1.1052 and my plan is to close my buy there or set tp at 1049. That area is also coinciding with previous swing lows on H1 made on 20th & 21st November.
I am bearish in long run, and want to know if you are on the same side
Attached Image (click to enlarge)
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  • #1,161,536
  • Nov 29, 2019 3:08pm Nov 29, 2019 3:08pm
Does anyone have overbought/oversold indicator of Dinapoli, that is plotted directly on main price. I mean to say that I am not looking for oscillators like RSI/Stoch.. etc.
  • #1,161,537
  • Nov 29, 2019 3:20pm Nov 29, 2019 3:20pm
Quoting Anand-FX
{quote} Ya mate, even I am in the buy but just for scalping few pips. If we look at downswing between 21st November and today, 61.8% retracement level is around 1.1052 and my plan is to close my buy there or set tp at 1049. That area is also coinciding with previous swing lows on H1 made on 20th & 21st November. I am bearish in long run, and want to know if you are on the same side {image}
I hedge 80% of the time. Now I am 13% long and 87% short and I need the price to go 15 pips down in order to reach a break even. So yes technically I am short.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,161,538
  • Nov 29, 2019 3:35pm Nov 29, 2019 3:35pm
Quoting NotAtrader
{quote} I hedge 80% of the time. Now I am 13% long and 87% short and I need the price to go 15 pips down in order to reach a break even. So yes technically I am short.
Seems to be a nice risk management strategy.
  • #1,161,539
  • Edited 8:56pm Nov 29, 2019 3:42pm | Edited 8:56pm
Eur/usd recovery underway. The long flat area of the last week is an extended 7th wave. Reversal target 1005 was dipped by only 25 pips.
Next dip at 1050.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd3011190253M5.png Size: 35 KB
Founder of Sutherland Wave Principle
  • #1,161,540
  • Edited 4:01am Nov 30, 2019 12:09am | Edited 4:01am
continue in down trend through ups & down , presently may test (0931 +) 1043+ /50 before further down towards 0940/26 . things can change dramatically , no indication yet !take care
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDDaily1.png Size: 42 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
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