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  • #101,661
  • Jan 31, 2020 10:10am Jan 31, 2020 10:10am
Looking for a nice drop to 1.10729, This area is where I am planning on buying again, I am targeting 1.11261 by late next week.

Have a great weekend brothers and sister.
"Your Habits Will Determine Your Future"
  • #101,662
  • Jan 31, 2020 10:11am Jan 31, 2020 10:11am
Quoting rameeztr
{quote} it is not my question. my question is that in which ratio like 50 , 100 , 20 , 50 moving averages you are using here ?
Seems like its only you left who doesn't know: https://www.forexfactory.com/showthread.php?t=837317

Stay Green
Focus only on what truly matters!
  • #101,663
  • Jan 31, 2020 10:32am Jan 31, 2020 10:32am
Quick S/R Levels for Next Week

No rocket science here.. Dashed-BLUE touch area (+GREEN line area) will be crucial stopper for bulls. Meaning bear pressure should start at 1.1132 and reach highest tension at 1.1188..

*Also keep in mind that based on Monthly chart, price is still below fib 61.8%: 1.1200

Stay Green
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Focus only on what truly matters!
  • #101,664
  • Jan 31, 2020 10:37am Jan 31, 2020 10:37am
closed longs and back to short 1.10775.
  • #101,665
  • Jan 31, 2020 11:24am Jan 31, 2020 11:24am
Whatever you do...
  • #101,666
  • Jan 31, 2020 1:42pm Jan 31, 2020 1:42pm
Quoting Ata-Turkoglu
Quick S/R Levels for Next Week No rocket science here.. Dashed-BLUE touch area (+GREEN line area) will be crucial stopper for bulls. Meaning bear pressure should start at 1.1132 and reach highest tension at 1.1188.. *Also keep in mind that based on Monthly chart, price is still below fib 61.8%: 1.1200 Stay Green {image}
Just curious, what is that downward pointing red arrows on your chart trying to tell? What are you pointing to us putting those on specific candles? -just want to read your chart better-
Only an idiot knows with certainty to where the market is going.
  • #101,667
  • Jan 31, 2020 2:07pm Jan 31, 2020 2:07pm
Quoting MrBullBear
{quote} Just curious, what is that downward pointing red arrows on your chart trying to tell? What are you pointing to us putting those on specific candles? -just want to read your chart better-
Based on my methodology that's where I mainly look for sell opportunities.. Every timeframe has its own touch moments.. For example on the weekly, once you sell at these levels you stay short for a very long period since profit targets will be far away. SL levels also will be much wider.. But if entered based on smaller timeframes like the M15 or H1, all entries would have smaller targets and smaller SL.. My followers will know.. But be aware that I am not that eager to explain in detail. If interested for the parts I already explained you can simply go to: https://www.forexfactory.com/showthread.php?t=837317..

I hope it helps..

Stay Green
Focus only on what truly matters!
  • #101,668
  • Jan 31, 2020 2:12pm Jan 31, 2020 2:12pm
I am calling it a month, a week and a day..

Wishing you all a happy weekend and happy new month.. Enjoy, rest well and hopefully we meet again on Monday..

*Meanwhile suspension of @giveachance is now cleared as promised..

Stay Green
Focus only on what truly matters!
  • #101,669
  • Jan 31, 2020 2:46pm Jan 31, 2020 2:46pm
Quoting Ata-Turkoglu
Don't forget about my "1.1001 Arabian Nights" level.. Next week that level will be sitting near to new week's support level 1.1004.. Together I believe that area will get retested a lot and therefore I am not investing too much in longs yet.. Maybe next week.. Stay Green
Here is a week of M30. As you can see the week was mostly green but, by looking at today's news regarding the EUR and the USD, nothing special accounts for the currency pair going up so much today and more than doubling its 10 day ATR. Looks weird to me. Did I miss something?
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  • #101,670
  • Edited Feb 1, 2020 1:06pm Jan 31, 2020 3:24pm | Edited Feb 1, 2020 1:06pm
Quoting Dingoman-two
{quote} Caution needed folks, No guarantee, but we have a possible bullish failure here folks {image} USDX COULD BE THE LINK OR KEY {image} Daily look see, {image}
What a huge day for a friday, as a very strong bullish day,

I see the potential to continue, is very real and opens up a number of other possibilities IMHO as can be seen in my daily chart.



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  • #101,671
  • Jan 31, 2020 4:42pm Jan 31, 2020 4:42pm
Where will be the opening position on monday?any guess??
Its all about Timing!!!
  • #101,672
  • Jan 31, 2020 4:54pm Jan 31, 2020 4:54pm
Quoting Murugesh29
Where will be the opening position on monday?any guess??
Me thinks down due to acquittal of Trump tomorrow and to a lesser extent buying usd for safe haven against coronav.
  • #101,673
  • Jan 31, 2020 5:19pm Jan 31, 2020 5:19pm
Quoting NWSTrading
{quote} Me thinks down due to acquittal of Trump tomorrow and to a lesser extent buying usd for safe haven against coronav.
But USD got hammer today. A gap down at open would be great but I don't see it happening
  • #101,674
  • Jan 31, 2020 5:21pm Jan 31, 2020 5:21pm
Quoting Hutch
{quote} Here is a week of M30. As you can see the week was mostly green but, by looking at today's news regarding the EUR and the USD, nothing special accounts for the currency pair going up so much today and more than doubling its 10 day ATR. Looks weird to me. Did I miss something? {image}
Equities got hammered and money was flowing into the Euro
  • #101,675
  • Jan 31, 2020 11:06pm Jan 31, 2020 11:06pm
Quoting NWSTrading
{quote} Me thinks down due to acquittal of Trump tomorrow and to a lesser extent buying usd for safe haven against coronav.
will down but when....
  • #101,676
  • Feb 1, 2020 1:19am Feb 1, 2020 1:19am
Quoting Ata-Turkoglu
Quick S/R Levels for Next Week No rocket science here.. Dashed-BLUE touch area (+GREEN line area) will be crucial stopper for bulls. Meaning bear pressure should start at 1.1132 and reach highest tension at 1.1188.. *Also keep in mind that based on Monthly chart, price is still below fib 61.8%: 1.1200 Stay Green {image}
Have been just observing EURUSD for a while after it gave weekly close below 1072 area. going by history every time weekly close has been sub 107x area, euro has taken few weeks to finally give weekly close > 107x. however last 2 weeks has been a case of drop and quick re-control of 107x weekly close by bulls. price action of last 2 weeks in isolation looks quite bullish -- ofcourse fundamentals has been bullish for some time in terms of euro CPI / ZEW sentiment / manufacturing numbers, etc.

the other thing is this last down price action could not break the double bottom on dailies around 1.097x-1.098x area -- this double bottoms was formed on earlier good gdp / zew / etc data from euro zone.

so the picture is beginning to change to bullish side on euro, unless bears can re-control 107x area again.

fundamentally german factories should get affected by possible slowdown in China due to virus situation, but needs to be seen how much is priced in already.
  • #101,677
  • Feb 1, 2020 3:24am Feb 1, 2020 3:24am
Quoting ata-turkoglu
{quote} seems like its only you left who doesn't know: https://www.forexfactory.com/showthread.php?t=837317 stay green
thanks for providing chart pattern.
  • #101,678
  • Feb 1, 2020 3:36am Feb 1, 2020 3:36am
Quoting Hutch
{quote} Here is a week of M30. As you can see the week was mostly green but, by looking at today's news regarding the EUR and the USD, nothing special accounts for the currency pair going up so much today and more than doubling its 10 day ATR. Looks weird to me. Did I miss something? {image}
I agree, based on technicals the sudden rise way above 1.1039 was nonsense thanks to Brexit.. But we have to go back to technicals immediately and now Euro is literally overpriced (not because of indicators.. I mean this being a literally an overreaction regards to Brexit excitements).

So.. if we calm down, come back to our senses and check out the current daily levels on chart below for Monday we can see that 1.1100 area is bad-ass resistance which will possibly get bonus help from Fib. 50% and weekly resistance waiting right on top of it.

Long story short: I believe next week will be very interesting for both bears and bulls. Direction is not clearly set yet so trading extra cautious is best.

Stay Green
Attached Image (click to enlarge)
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Attached Image
Focus only on what truly matters!
  • #101,679
  • Feb 1, 2020 4:12am Feb 1, 2020 4:12am
Quoting prashfx
{quote} Have been just observing EURUSD for a while after it gave weekly close below 1072 area. Going by history every time weekly close has been sub 107x area, euro has taken few weeks to finally give weekly close > 107x. however last 2 weeks has been a case of drop and quick re-control of 107x weekly close by bulls. Price action of last 2 weeks in isolation looks quite bullish -- of course fundamentals has been bullish for some time in terms of euro CPI / ZEW sentiment / manufacturing numbers, etc. the other thing is this last down price action...
I checked the weekly chart via various fib measurements but couldn't see any significance of 107x as you keep mentioning it in your post (red boxed areas on chart). 1.1100 (+-10 pips) is much more crucial for weekly (blue arrows on chart). A little higher we have 1.1140 and 1.1185 but that's not something to focus on yet. All we have to watch is if bulls can go back above the previously broken Fib. 38.2% level or not. For now that's the most crucial area imho.

So, in a nutshell, I will focus on resistant priceaction around 1.1100/1.1111 area carefully this week. My two cents

Stay Green
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Focus only on what truly matters!
  • #101,680
  • Feb 1, 2020 4:21am Feb 1, 2020 4:21am
Eur/usd was awesome yesterday, will keep my position and see what will happen in the next days or week
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