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  • #98,601
  • Dec 3, 2019 9:11am Dec 3, 2019 9:11am
Based H4,

 

  1. PA will unlikely go below 1.10640.....
  2. also looking like a flag formation


1. Place buy limit 1.10700
SL 1.1055 ( 15 pips)
TP 1.10950~1.1100

2. Place sell limit 1.1105
SL ( 15 pips)
TP 20~30 pips

EU lets do this rangebound thing... trying to bank in 50 pips this way

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tslj
  • #98,602
  • Dec 3, 2019 9:50am Dec 3, 2019 9:50am
... https://www.forexfactory.com/showthr...8#post12620058
update:
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  • #98,603
  • Dec 3, 2019 10:24am Dec 3, 2019 10:24am
Quoting belon
... https://www.forexfactory.com/showthr...8#post12620058 update: {image}
"As long as" your trendlines resist you are right..

Stay Green
Focus only on what truly matters!
  • #98,604
  • Dec 3, 2019 10:40am Dec 3, 2019 10:40am
I see H1 and H4 is forming bearish divergence..may be tomorrow data PMI of EU and US will send this pair down to correction between 1.1035 - 1.1040 area. If it's valid, I will looking for long at that area..
  • #98,605
  • Dec 3, 2019 10:50am Dec 3, 2019 10:50am
Quoting Wavegarrick
Hi Guys, Just a scalpy 10 pips s/loss. Cheers. {image}
Hi Guys,

My buy trade from yesterday locked in and almost taken out with my 10 pip stop loss today. We have a new daily high. I don't discount a test of 1.11000 at this stage and possibly a bit above to take out the swing high of November this year before we see a retrace. or who knows?, even a swing reversal. All my trades are locked in and I will take it as it comes. I do know that tomorrow could be a test for a new high and possible reversal on thursday.

I will post my trade when I see a short trade or a swing reversal, I am more comfortable selling at these levels, if I have to.

All the best,
Cheers.
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Trade to trade another day
  • #98,606
  • Dec 3, 2019 11:04am Dec 3, 2019 11:04am
We almost there, already closed everything the div in 15m, 1h, and also in the USDX is big for a pullback soon.
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Don't believe me just watch!
  • #98,607
  • Dec 3, 2019 11:14am Dec 3, 2019 11:14am
Quoting Wavegarrick
{quote} Hi Guys, My buy trade from yesterday locked in and almost taken out with my 10 pip stop loss today. We have a new daily high. I don't discount a test of 1.11000 at this stage and possibly a bit above to take out the swing high of November this year before we see a retrace. or who knows?, even a swing reversal. All my trades are locked in and I will take it as it comes. I do know that tomorrow could be a test for a new high and possible reversal on thursday. I will post my trade when I see a short trade or a swing reversal, I am more comfortable...
Great job!
  • #98,608
  • Dec 3, 2019 11:22am Dec 3, 2019 11:22am
Quoting Maroc-Ismail
{quote} There you go. Now, two scenario’s. Either M15 candles close below 1,0989 and we break out to 1,0920/40 or we go straight up from here to 1,1085. I hope the sell side wins, but you should see that big W forming on daily. If that pattern starts to play out, bears are gone
Well both scenarios happened, lol. We got a fake move to the downside, where I, and I think many others also got trapped at the end of last week. I rode the W pattern yesterday, and I made some good profit. Now, we may see some bears attacking the downside again. I just took my first entry of the day on this pair @1,1092 with a SL of 20 pips. TP around 1,1030.

The reason behind my short: Divergence forming on H1 and the current level of resistance around this area. My system is still saying to buy dips, but if you look at recent price action, then we have a big jump/dive --> Two days of annoying price movements --> A big jump/dive --> Two days of annoying movements. Lol, that's that. W pattern played out and we may head south.

Happy trading!
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  • #98,609
  • Edited 12:13pm Dec 3, 2019 11:57am | Edited 12:13pm
H1 Status Update

Waiting for a higher close than: 1.10925 (I repeatedly mentioned this in the past as a crucial level that bulls have to break if they want continuation).

Also keep in mind that MACD divergence will only be confirmed after we see a "bearish" candle, because despite the fact that the wicks started to print higher highs we haven't seen a bearish candle close yet. Therefore a potential MACD divergence is still progressing while price can still go higher and higher.

EDIT: Confirmation candle for divergence appeared as I was posting.. Chart has been updated!

Stay Green
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Focus only on what truly matters!
  • #98,610
  • Dec 3, 2019 1:34pm Dec 3, 2019 1:34pm
There could be bull attacks but as long as price stays below 1.1105, the MACD divergence on H1 will be valid.

Stay Green
Focus only on what truly matters!
  • #98,611
  • Dec 3, 2019 1:36pm Dec 3, 2019 1:36pm
Was long on eurusd. break even
Attached Image
  • #98,612
  • Dec 3, 2019 10:32pm Dec 3, 2019 10:32pm
Quoting variusz
Was long on eurusd. break even {image}

What the puck, A 20 pip spread Really
  • #98,613
  • Dec 3, 2019 10:45pm Dec 3, 2019 10:45pm
two consideration for now in big picture. min pullback 1.1050 or continuation lower to 1.0900.
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Don't believe me just watch!
  • #98,614
  • Dec 4, 2019 1:20am Dec 4, 2019 1:20am
Quoting lucky1359
{image} todays euro-usd levels to watch
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  • #98,615
  • Dec 4, 2019 2:30am Dec 4, 2019 2:30am
Anyone selling when it reaches 1.1090 again? or do you think itll break!?
Bounced of that price a few times!
  • #98,616
  • Edited 2:42am Dec 4, 2019 2:32am | Edited 2:42am
H1 Status Update

For my followers: Divergence played out and afterwards the mentioned touch to Dashed-RED line happened near 1.1070 area (it wasn't an exact touch but when you get the idea of where and when to look at buy opportunities a precise touch doesn't matter that much..) From here we try to stay long to hopefully see a break above 1.10925 area.. Time will tell..

*For those who still want to trade the H1 Divergence could make profit when selling at or above 1.1088 area but then they have to be careful if crucial resistance around 1.1105 breaks..

Happy trading to all..

Stay Green
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Focus only on what truly matters!
  • #98,617
  • Dec 4, 2019 3:14am Dec 4, 2019 3:14am
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  • #98,618
  • Dec 4, 2019 3:32am Dec 4, 2019 3:32am
Quoting Tslj.sg
Based H4, PA will unlikely go below 1.10640..... also looking like a flag formation 1. Place buy limit 1.10700 SL 1.1055 ( 15 pips) TP 1.10950~1.1100 2. Place sell limit 1.1105 SL ( 15 pips) TP 20~30 pips EU lets do this rangebound thing... trying to bank in 50 pips this way {image}
Buy limit activated and live now
SL 1.1055 ( 15 pips)
TP : as previously stated

Now EU please do the range bound ….targeting 50 pips in the bank
tslj
  • #98,619
  • Dec 4, 2019 5:28am Dec 4, 2019 5:28am
Buy limit 1.10669
Sl 30 pips
Tp 1.11000
Risk comes from not knowing what to do
  • #98,620
  • Dec 4, 2019 5:47am Dec 4, 2019 5:47am
For shorts, the crucial pivots are 1.1065 and 1.1056. The prices must broke through.
For bulls, it is 1.1078

Lets see
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