be wary of 1.1135 number today. on the upside 1.1181 will act as a strong resistance and wont be tested that easily. on the flip side 1.1135 if goes will bring in lot of sellers
1
- #100,701
- Jan 16, 2020 1:33am Jan 16, 2020 1:33am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts
- #100,703
- Jan 16, 2020 1:41am Jan 16, 2020 1:41am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts
- #100,706
- Jan 16, 2020 2:18am Jan 16, 2020 2:18am
- Joined Jun 2018 | Status: Trader | 3,083 Posts
How does a retest of 1,1160-70 sound? And then a lovely drop
- #100,708
- Jan 16, 2020 2:28am Jan 16, 2020 2:28am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
How does a retest of 1,1160-70 sound? And then a lovely drop
So FX investors are excited about the sino-us trade deal & celebrating it by selling Dollar?? well.. for me ..The king is not finished yet...if any positive efect due to come from the trade deal would take at least 3 months to materialised plus most of the tariffs are there to stay until the phase two deal/US election ..I am seeing the Dollar dominance until then..unless the central banks doses something. ECB/FED... from the phase-1 deal it's the US who will gain more then any other nation so why sell Dollar ?? when the eco could grow stronger ?? sell Dollar just by hoping that EU or other nation will do well after three-six months???
well... I would wait 
till then sell the EURO at high for me...NB: watch out for today's Us retail data ...could be Today's only high profile market mover... Dark RED---EU could test 1.12, Green--EU could give up gains and trade below 200MA
Happy Trading
Trades technical moves enforced by fundamentals
- #100,709
- Jan 16, 2020 2:34am Jan 16, 2020 2:34am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} OVER A 240 DAY PERIOD, THEN THERE'S THE GAP AT THE 1.10800 AREA TO CONSIDER AS WELL {image} {image}
LOOKING BULLSH FROM HERE FOLKS, POSSIBLY AS HIGH AS, 1.1190 AREA BY DAYS CLOSE
Edit it just closed above yesterday's high, I am expecting a pull back from here then a bullish continuation.
- #100,710
- Jan 16, 2020 2:46am Jan 16, 2020 2:46am
- Joined May 2014 | Status: Full Time Trader | 27,111 Posts
{quote} LOOKING BULLSH FROM HERE FOLKS, POSSIBLY AS HIGH AS, 1.1190 AREA BY DAYS CLOSE
Stay Green
Focus only on what truly matters!
- #100,712
- Jan 16, 2020 2:52am Jan 16, 2020 2:52am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} Bullish? Did the level 1.1163 break? What did I miss? Stay Green
5 min chart Ata candle close at 1.11637, I am expecting it to continue with it's bullish run, it's showing the signs as I type in the 5 min chart my friend
Daily chart is showing a higher high from yesterday high.
- #100,713
- Jan 16, 2020 2:55am Jan 16, 2020 2:55am
- Joined May 2014 | Status: Full Time Trader | 27,111 Posts
{quote} 5 min chart Ata candle close at 1.11637, I am expecting it to continue with it's bullish run, it's showing the signs as I type in the 5 min chart my friend
Stay Green
Focus only on what truly matters!
- #100,714
- Edited 4:28am Jan 16, 2020 3:03am | Edited 4:28am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} Oh okay, M5 chart.. But is that chart not supposed to be a slave to any higher time frame chart? Stay Green
A slave 
Yes I suppose you could call it that, but my way of looking at the charts, is if a level has been pierce by the latest candle, then this would be like getting a nail in your car tyre, eventually the tyre will fail.
Even is it's only by 1 point.
It's probably just the scalper in me,
The only real problem I have now is in the daily chart and the 200 ema
- #100,715
- Jan 16, 2020 3:04am Jan 16, 2020 3:04am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts
{quote} 5 min chart Ata candle close at 1.11637, I am expecting it to continue with it's bullish run, it's showing the signs as I type in the 5 min chart my friend
- #100,716
- Jan 16, 2020 3:05am Jan 16, 2020 3:05am
- Joined May 2014 | Status: Full Time Trader | 27,111 Posts
Focus only on what truly matters!
- #100,717
- Jan 16, 2020 3:05am Jan 16, 2020 3:05am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
- #100,718
- Jan 16, 2020 3:06am Jan 16, 2020 3:06am
- Joined May 2014 | Status: Full Time Trader | 27,111 Posts
{quote} 5 min chart is for 5 min traders and no professional trader uses it
Stay Green
Focus only on what truly matters!
- #100,719
- Jan 16, 2020 3:08am Jan 16, 2020 3:08am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} That's your opinion.. My post was not implying any of that and none of my future posts will ever support this false idea.. Just saying
All good Ata, I understand
- #100,720
- Jan 16, 2020 3:09am Jan 16, 2020 3:09am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts
