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  • #101,681
  • Feb 1, 2020 6:21am Feb 1, 2020 6:21am
Quoting Wavegarrick
{quote} Hi Guys, Subtle bullish hints for me. Obstacles ahead, the descending trend line which needs to go for bulls to be more comfortable. My weekly resistance 1 at 1.10882 ish is also the major 4 month trend line breakout area. I have opened buy trades, 20 pip s/ loss. Lots of obstacles ahead and I will lock my trades in as soon as I can. Have a great day. Cheers. {image}
Hi Guys,

Price currently at my descending trend line from the first of January this year. My future weekly pivot at 1.10606. I don't discount a retrace towards 1.10606 or even my round number 1.10500. Price has a habit of touching a 100 round number and in this case 1.110000 before retracing to the mid round number which would be 1.10500. Of course 1.11000 could be seen as reversal point, but much will be read into price action in this 50 pip zone between bulls and bears. Bulls are looking good in my opinion, but not without a retrace.

The brexit saga could be good for bulls and as for the Trump impeachment, well we have to see.

All in all a guessing game at this point and we just have to go with the flow.

All the best.
Cheers.
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Trade to trade another day
  • #101,682
  • Feb 1, 2020 6:41am Feb 1, 2020 6:41am
Quoting Wavegarrick
{quote} Hi Guys, Price currently at my descending trend line from the first of January this year. My future weekly pivot at 1.10606. I don't discount a retrace towards 1.10606 or even my round number 1.10500. Price has a habit of touching a 100 round number and in this case 1.110000 before retracing to the mid round number which would be 1.10500. Of course 1.11000 could be seen as reversal point, but much will be read into price action in this 50 pip zone between bulls and bears. Bulls are looking good in my opinion, but not without a...
I will be really cautious this week Leon. By looking at your chart I can't help it noticing all previous incidents where chart is repeatedly giving us a MOFU candle to the upside that makes us think "Bulls are good!" but then robber banks kill the fun with a new contra-move dump each and every time. I don't think this week will be different. At least I keep my bearish bias as long as price mingles below 1.1140.. Personally I don't want to see anything higher than that. Thanks for the charts.. as always very helpful. Cheers..

Stay Green
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Focus only on what truly matters!
  • #101,683
  • Feb 1, 2020 6:55am Feb 1, 2020 6:55am
Quoting Ata-Turkoglu
{quote} I will be really cautious this week Leon. By looking at your chart I can't help it noticing all previous incidents where chart is repeatedly giving us a MOFU candle to the upside that makes us think "Bulls are good!" but then robber banks kill the fun with a new contra-move dump each and every time. I don't think this week will be different. At least I keep my bearish bias as long as price mingles below 1.1140.. Personally I don't want to see anything higher than that. Thanks for the charts.. as always very helpful. Cheers.. Stay Green {image}...
I think for long term bulls a retest of at least 1.0981 is must. We are in tight bear channel
  • #101,684
  • Feb 1, 2020 6:56am Feb 1, 2020 6:56am
Quoting Wavegarrick
{quote} Hi Guys, Price currently at my descending trend line from the first of January this year. My future weekly pivot at 1.10606. I don't discount a retrace towards 1.10606 or even my round number 1.10500. Price has a habit of touching a 100 round number and in this case 1.110000 before retracing to the mid round number which would be 1.10500. Of course 1.11000 could be seen as reversal point, but much will be read into price action in this 50 pip zone between bulls and bears. Bulls are looking good in my opinion, but not without a retrace. The...
Hi
I'm looking at the loaded chart.
and I don't know why they opened a long position.
the system you have loaded is not suitable for achieving such results.

looking back at the time, I see this.

not a crime ..
just a comment.
  • #101,685
  • Feb 1, 2020 8:45am Feb 1, 2020 8:45am
Quoting Ata-Turkoglu
{quote} I will be really cautious this week Leon. By looking at your chart I can't help it noticing all previous incidents where chart is repeatedly giving us a MOFU candle to the upside that makes us think "Bulls are good!" but then robber banks kill the fun with a new contra-move dump each and every time. I don't think this week will be different. At least I keep my bearish bias as long as price mingles below 1.1140.. Personally I don't want to see anything higher than that. Thanks for the charts.. as always very helpful. Cheers.. Stay Green
Tend to agree. I will still be having overall bearish bias until areas removed. That bullish ERC makes me think its overpriced and may snap back. But the market does not care about my analysis and will do whatever it likes
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  • #101,686
  • Feb 1, 2020 9:35am Feb 1, 2020 9:35am
Hi guys! The cup and handle pattern might be completed on the eurusd H4 chart. See my newest chart.

Risk Management is of utmost importance!
  • #101,687
  • Feb 1, 2020 9:51am Feb 1, 2020 9:51am
Quoting RCtrader
Hi guys! The cup and handle pattern might be completed on the eurusd H4 chart. See my newest chart.
With all due respect.. but.. uhmm.. what is this if I may ask?

Stay Green
Attached Image
Focus only on what truly matters!
  • #101,688
  • Feb 1, 2020 10:06am Feb 1, 2020 10:06am
Quoting Ata-Turkoglu
{quote} With all due respect.. but.. uhmm.. what is this if I may ask? Stay Green {image}
We have to wait and see how big the handle is going to be. If it stays bullish then the price could make up to 50% of the cup size.
Risk Management is of utmost importance!
  • #101,689
  • Feb 1, 2020 10:36am Feb 1, 2020 10:36am
Quoting Spmt
{quote} I think for long term bulls a retest of at least 1.0981 is must. We are in tight bear channel
880 is a must, I think.
Everyone can see the chart, but only a few can actually read it.
  • #101,690
  • Feb 1, 2020 11:28am Feb 1, 2020 11:28am
Quoting Ata-Turkoglu
{quote} 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...
the 50 and 38.2 confluence may be a good resistance to watch, the 1.11 zone

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TMT Scalping System (Best system on FF)
  • #101,691
  • Feb 1, 2020 12:14pm Feb 1, 2020 12:14pm
Quoting Ata-Turkoglu
{quote} 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...
Thank you very much for your thorough analysis. As usual I very much appreciate the opportunity to tap into your fountain of knowledge.
  • #101,692
  • Feb 1, 2020 2:09pm Feb 1, 2020 2:09pm
Hello everyone
i am new to this website
i wondered if anyone has any recommendations for any video record mt4 software .

many thanks
  • #101,693
  • Feb 1, 2020 8:01pm Feb 1, 2020 8:01pm
Quoting Ata-Turkoglu
{quote} 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...
Tks for your views as always Ata!

what i am watching is clearly stated in below -- edited your chart a bit ...
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  • #101,694
  • Feb 1, 2020 8:41pm Feb 1, 2020 8:41pm
Quoting NWSTrading
{quote} Me thinks down due to acquittal of Trump tomorrow and to a lesser extent buying usd for safe haven against coronav.
Its all about Timing!!!
  • #101,695
  • Feb 1, 2020 9:33pm Feb 1, 2020 9:33pm
Quoting Murugesh29
Where will be the opening position on monday?any guess??

Try here

https://www.bloomberg.com/quote/EURUSD:CUR
  • #101,696
  • Edited 4:51am Feb 2, 2020 12:13am | Edited 4:51am
Sell the Rips:
H4 TF with D1 MTF
Check image for TP target with this price range 1.10280 - 1.10090
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...alternate chart view
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #101,697
  • Feb 2, 2020 12:32am Feb 2, 2020 12:32am
Quoting Ata-Turkoglu
{quote} I will be really cautious this week Leon. By looking at your chart I can't help it noticing all previous incidents where chart is repeatedly giving us a MOFU candle to the upside that makes us think "Bulls are good!" but then robber banks kill the fun with a new contra-move dump each and every time. I don't think this week will be different. At least I keep my bearish bias as long as price mingles below 1.1140.. Personally I don't want to see anything higher than that. Thanks for the charts.. as always very helpful. Cheers.. Stay Green {image}...
Hi Ata,

Sorry for the delayed response, saw my wife and little girl off at the airport.

Thank you for opening my eyes to a different perspective. I have been suckered before this month with the MOFU candle move and killed by the robber banks. I sure will pay attention to this.

Have a great weekend.
Cheers.
Trade to trade another day
  • #101,698
  • Feb 2, 2020 4:11am Feb 2, 2020 4:11am
100 EMA (red line which may be hard to see bc of the resist. zone) is sometimes all that it gets. Usually I would not even consider going short with a daily candle like that, but hey.. Let's be honest: Friday wasn't a normal day, now was it? EU should have gone up imo, but not with that kind of power. With UK leaving EU (something historical), I forget about that daily candle which may be a fake one to get better prices and sell for the big drop coming. Again, I said may be, because I can't predict the outcome of something which never happened before.

But if I'm looking at my chart, I see price reaching 100 EMA in the resistance area. This is also in line with my other indicators, so I am already short, and yes it was too early to look for short opportunities Friday, but I still expect price to go down based on daily chart only. Price is since the start of this year dropping hard in comparison with Q4. It broke the uptrend of Q4 2019 in just 16 days.

Finally, If you draw a fib inside the channel, 1,1116 is 50%. I guess this was mentioned before by Ata (I'm not sure). It may be a turning point if price won't open with a big drop already.

Long story short, I'm looking for sells, until bulls are proving me wrong. For me that might be a daily close above 1,1118 (High of January 20th).
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  • #101,699
  • Feb 2, 2020 4:12am Feb 2, 2020 4:12am
Quoting prashfx
{quote} Tks for your views as always Ata! what i am watching is clearly stated in below -- edited your chart a bit ... {image}
Good catch.. you see? Charts tell always more than pure words. Duly noted! It would be very interesting (and spooky) if Monday opening would give as similar type of a gap. Again: We must be very careful this week for sure.

Stay Green
Focus only on what truly matters!
  • #101,700
  • Feb 2, 2020 5:16am Feb 2, 2020 5:16am
based on a mathematical approach, usdx should increase.
so this approach is likely to reduce eur / usd.
h1-h4.

but it's just mathematics.
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