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  • #102,501
  • Feb 20, 2020 10:41am Feb 20, 2020 10:41am
Quoting Traderview
{quote} Bro I'd keep a wide sl. Bcoz market would tease you
It did. Thought London close would be higher, but it’s still a sell. Market will go for that SL hunt before pushing it higher..
  • #102,502
  • Feb 20, 2020 11:09am Feb 20, 2020 11:09am
Quoting Ata-Turkoglu
{quote} I personally was.. until a touch to 1.0817.. There I went short again.. (Based on Dashed-BLUE TL touch on H4).. I am expecting either current candle to end up as bearish or the next one.. Only a break above GREEN line can disappoint me.. Stay Green {image}
Great calls today!
niemals aufgeben
  • #102,503
  • Feb 20, 2020 11:32am Feb 20, 2020 11:32am
Quoting Maroc-Ismail
{quote} It did. Thought London close would be higher, but it’s still a sell. Market will go for that SL hunt before pushing it higher..
SL hunting is over. It will hit 1.0845. Tomorrow check weekly. I'm expecting a tail at the bottom.
  • #102,504
  • Feb 20, 2020 11:43am Feb 20, 2020 11:43am
Quoting Traderview
{quote} SL hunting is over. It will hit 1.0845. Tomorrow check weekly. I'm expecting a tail at the bottom.
The Phoenix Trader....
  • #102,505
  • Feb 20, 2020 1:24pm Feb 20, 2020 1:24pm
If today closes bearish, I think tomorrow will retest today high and then drop to 1.07296 area
Risk comes from not knowing what to do
  • #102,506
  • Feb 20, 2020 1:42pm Feb 20, 2020 1:42pm
What is the green line in Ata's h4 chart? Thanks in advance.
  • #102,507
  • Feb 20, 2020 1:43pm Feb 20, 2020 1:43pm
Wonderful shaekoff. Looking for a drop tomorrow governed by the euro data.
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  • #102,508
  • Feb 20, 2020 1:59pm Feb 20, 2020 1:59pm
Quoting IRISH37
What is the green line in Ata's h4 chart? Thanks in advance.
If I remember correctly, it's a 54 LWMA, although I'm not 100%
niemals aufgeben
  • #102,509
  • Feb 20, 2020 2:02pm Feb 20, 2020 2:02pm
Thanks.
  • #102,510
  • Feb 20, 2020 3:28pm Feb 20, 2020 3:28pm
The move down today touched the bottom of the long-term trend channel (started Jan-2018) and retraced slightly upward.

EURUSD weekly trend channel marked from 18-Jan-2018 to current (purple lines):
Attached Image (click to enlarge)
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I expect the PMI reports later to either break the lower bound near 1.0777 on a significant miss, or retrace back to the upper end of the channel near 1.1060 with better-than expected. (Obviously, not all in a single go, and not just because of some PMI's.)

Although I'm currently bearish on this pair (I just follow the trend), I'm also cautious at this level because we're at the bottom of the trend channel.

I trade more fundamentally than technically (using the technicals for S/R levels), and since I have a day job my trades tend to be multi-day, sometimes multi-week, in duration. I trade more micro-lots vs. fewer mini-lots, which helps me manage risk in the case of drawdowns.
  • #102,511
  • Feb 20, 2020 4:41pm Feb 20, 2020 4:41pm
Quoting Traderooney
Wonderful shaekoff. Looking for a drop tomorrow governed by the euro data. {image}
Thanks bro, I love your analysis, u just gave me an idea.
Buy limit @ 1.07748
Tp @ 1.08225
All sl 30 pips

Sell limit @ 1.08225
Tp @ 1.07352(bottom of this down channel plus support on monthly chart)

Buy limit @ 1.07352
Tp open.... Watch out for all these numbers
Risk comes from not knowing what to do
  • #102,512
  • Feb 20, 2020 10:56pm Feb 20, 2020 10:56pm
Based on H4, for the next 4 to 6 hours 1.08 is key resistance! As long as price is below it I prefer to stay away from keeping or opening any longs.

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #102,513
  • Feb 20, 2020 11:45pm Feb 20, 2020 11:45pm
Quoting Traderview
Buy @ 1.10794 TP 1.10845 SL 1.10765 This is based on 4hr
Closed it with a pip loss. Sideways for now.
  • #102,514
  • Feb 20, 2020 11:53pm Feb 20, 2020 11:53pm
Quoting Ata-Turkoglu
Based on H4, for the next 4 to 6 hours 1.08 is key resistance! As long as price is below it I prefer to stay away from keeping or opening any longs. Stay Green {image}
I think the 4hr close below 1.0786 is really the key pivot for bears. The resistance above 1.08, 1.0815 and 1.0822 all are played their best.
On the daily it's clearly shows bears have this.
  • #102,515
  • Feb 21, 2020 12:35am Feb 21, 2020 12:35am
I smell further short to 1.05 to 1.045. My view from weekly chart we have at this price range qm levels.
Perfection is the enemy of good enough!
  • #102,516
  • Feb 21, 2020 3:04am Feb 21, 2020 3:04am
Based on H4, nice upwards trust.. Now it is crucial to see a follow through break above GREEN line level: 1.0818/22 area.. and simultaneously having the expectations that previous resistance: 1.08 area can turn into support.. Time will tell..

Stay Green
Focus only on what truly matters!
  • #102,517
  • Feb 21, 2020 3:05am Feb 21, 2020 3:05am
Quoting Ata-Turkoglu
Based on H4, nice upwards trust.. Now it is crucial to see a follow through break above GREEN line level: 1.0818/22 area.. and simultaneously having the expectations that previous resistance: 1.08 area can turn into support.. Time will tell.. Stay Green
Actually the 4hr is overbought but the daily can turn extremely bullish before another downturn.
  • #102,518
  • Edited 7:49am Feb 21, 2020 3:14am | Edited 7:49am
Quoting Dingoman-two
{quote} "OOOOOO" I LIKEY VERY MUCH PATIENTS FOLKS HOURLY NEEDS TO CLOSE FIRST {image}
Sweet,

Well that's an early night for me folks, have a great weekend one and all.

I know i will,

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The bottle with my name on it. $1.1 million.
"I wish"

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  • #102,519
  • Feb 21, 2020 3:30am Feb 21, 2020 3:30am
Quoting investing101
{quote} Actually the 4hr is overbought but the daily can turn extremely bullish before another downturn.
1.0823 will probably not let bulls go through (as of yet) so I am on sidelines again. But I am not selling either, especially while above 1.08.. We have ourselves a tight range between 1.08 and 1.0825 and when looking at current situation on H1 it occurs to me that keeping longs or buying dips towards 1.0790/1.08 is more logical.. My two cents

Stay Green
Focus only on what truly matters!
  • #102,520
  • Feb 21, 2020 3:58am Feb 21, 2020 3:58am
Another sell limit @ 1.08278
Sl 30 pips
Tp 1.07352
Risk comes from not knowing what to do
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