Attachments: EURUSD only

EURUSD only

#102,181
Feb 12, 2020 11:41am Feb 12, 2020 11:41am

pridolfx
| Joined Feb 2018 | Status: Trader | 1,276 Posts

Quoting sqaguru

Disliked

{quote} I'm seeing some significant positive divergences. It is a risky trade, I'll admit.

Ignored

maybe in 20min. when new4 h candle,will push little up..

#102,182
Feb 12, 2020 11:51am Feb 12, 2020 11:51am

pinguin
| Joined Mar 2017 | Status: Trader | 302 Posts

Quoting sqaguru

Disliked

Bought 1.08805 based on potential double bottom (going back to 10/1/2019). If it doesn't rally hard from here, I'll exit

Ignored

yes, 1.08805 is double bottom in Daily, but if you look into the higher TF, you will see the Bearish Engulfing in there. and still, even Double Bottom forming, we could see the all TF (H1,H4,D,W, even MN) are in the same trend direction, in this case is DOWNTREND, so in my opinion, except i identify the trend reversal / trend change Sign and it's confirmed , i will look only for Short chance. CMIIW

Suro Diro Joyoningrat Lebur Dening Pangastuti

#102,183
Feb 12, 2020 11:53am Feb 12, 2020 11:53am

sqaguru
| Joined May 2016 | Status: Trader | 433 Posts

Quoting pinguin

Disliked

{quote} yes, 1.08805 is double bottom in Daily, but if you look into the higher TF, you will see the Bearish Engulfing in there. and still, even Double Bottom forming, we could see the all TF (H1,H4,D,W, even MN) are in the same trend direction, in this case is DOWNTREND, so in my opinion, except i spotted the trend reversal / trend change, i will look for Short chance. CMIIW

Ignored

To be clear, I only mean my trade to be a scalp

#102,184
Feb 12, 2020 11:59am Feb 12, 2020 11:59am

pinguin
| Joined Mar 2017 | Status: Trader | 302 Posts

Quoting sqaguru

Disliked

{quote} I'm seeing some significant positive divergences. It is a risky trade, I'll admit. {image}

Ignored

in my opinion, even the divergences from your chart indicate the "HIDDEN BEARISH" (i try to draw yellow line to spot the hidden divergence)

Attached Image

Suro Diro Joyoningrat Lebur Dening Pangastuti

#102,185
Feb 12, 2020 12:10pm Feb 12, 2020 12:10pm

pridolfx
| Joined Feb 2018 | Status: Trader | 1,276 Posts

now here on 1.0879 is important ,its weekly candel low from 29th sept. 2019 and daily candel low from 1.st sept.2019,can broke down sharp or bounced back

#102,186
Feb 12, 2020 12:17pm Feb 12, 2020 12:17pm

mistaouting
| Joined Nov 2019 | Status: Trader | 2,763 Posts

IMO EURO has no fundamental reason to change direction....why would any market makers buy euro (cause price to jump high) now when they can get it cheaper next week baring USD meets CPI forecast....

Am I thinking about this wrong...because it seems like a lot of people on this forum advocate buying the euro when that makes no sense to me at this point in time

LOCK IN RE-ENTER

#102,187
Feb 12, 2020 12:23pm Feb 12, 2020 12:23pm

sqaguru
| Joined May 2016 | Status: Trader | 433 Posts

Quoting mistaouting

Disliked

IMO EURO has no fundamental reason to change direction....why would any market makers buy euro (cause price to jump high) now when they can get it cheaper next week baring USD meets CPI forecast.... Am I thinking about this wrong...because it seems like a lot of people on this forum advocate buying the euro when that makes no sense to me at this point in time

Ignored

You are not thinking wrong here. My trade is purely technical. The fundamentals are indeed negative for EURUSD.

#102,188
Feb 12, 2020 12:38pm Feb 12, 2020 12:38pm

sqaguru
| Joined May 2016 | Status: Trader | 433 Posts

Quoting pinguin

Disliked

{quote} in my opinion, even the divergences from your chart indicate the "HIDDEN BEARISH" (i try to draw yellow line to spot the hidden divergence) {image}

Ignored

There is regular positive divergence there. I don't think there is hidden divergence...

#102,189
Feb 12, 2020 12:46pm Feb 12, 2020 12:46pm

pinguin
| Joined Mar 2017 | Status: Trader | 302 Posts

Quoting sqaguru

Disliked

{quote} There is regular positive divergence there. I don't think there is hidden divergence...

Ignored

well, okey maybe i was wrong about it ... goodluck buddy

Suro Diro Joyoningrat Lebur Dening Pangastuti

#102,190
Feb 12, 2020 12:53pm Feb 12, 2020 12:53pm

sqaguru
| Joined May 2016 | Status: Trader | 433 Posts

Quoting pinguin

Disliked

{quote} well, okey maybe i was wrong about it ... goodluck buddy

Ignored

Thanks, I need it because it should have moved by now. I might get out.

#102,191
Feb 12, 2020 1:23pm Feb 12, 2020 1:23pm

sqaguru
| Joined May 2016 | Status: Trader | 433 Posts

Quoting sqaguru

Disliked

{quote} To be clear, I only mean my trade to be a scalp

Ignored

I got out

#102,192
Feb 12, 2020 1:41pm Feb 12, 2020 1:41pm

MaxDoom
| Commercial User | Joined Feb 2010 | 13,260 Posts

Quoting MaxDoom

Disliked

{quote} A break below that quarterly low 1.087x. Opens up 1.03xx. any pullbacks could be quite muted. Eu bear is a reasonable carry trade. They are fighting lower numbers across the board brexit has yet to sink in and they are far more exposed to the Coronavirus than other places it may not get there but I am targeting 1.03xx

Ignored

nice movement below the daily pivot today
price has reached the quarterly low if it can hold below it opens the potential for 1.03xx

Attached Image (click to enlarge)

Click to Enlarge

Name: EU 2020 Feb 12b.PNG
Size: 33 KB

#102,193
Feb 12, 2020 1:55pm Feb 12, 2020 1:55pm

mistaouting
| Joined Nov 2019 | Status: Trader | 2,763 Posts

Quoting MaxDoom

Disliked

{quote} nice movement below the daily pivot today price has reached the quarterly low if it can hold below it opens the potential for 1.03xx {image}

Ignored

Im looking at 0656 0580

LOCK IN RE-ENTER