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  • #102,541
  • Feb 21, 2020 9:46am Feb 21, 2020 9:46am
Bottom's in + look at the weekly chart !

Was totally asleep when this happened lol, didn't want to risk buy earlier. I will be buying Monday on any small retrace down.
  • #102,542
  • Feb 21, 2020 9:53am Feb 21, 2020 9:53am
Quoting Starcraftmaz
Bottom's in + look at the weekly chart ! Was totally asleep when this happened lol, didn't want to risk buy earlier. I will be buying Monday on any small retrace down.
If this up move is real, I don't even expect a touch to 1.0820 anymore. Those selling there have to be used as sacrificial lambs. They must pay the bill for the bulls and not allowed to escape for a long time.
  • #102,543
  • Feb 21, 2020 9:54am Feb 21, 2020 9:54am
#EURUSD / H4
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  • #102,544
  • Feb 21, 2020 10:02am Feb 21, 2020 10:02am
This could still just fall right back into the range if it doesn't make a base.
  • #102,545
  • Feb 21, 2020 10:06am Feb 21, 2020 10:06am
Quoting HonkyCat
{quote} LOL, I'm opposite, entered sells at 1.0855 level. For a long while now the US hasn't been a manufacturing powerhouse, so the related PMI isn't as an important part of the economy as it was even 20 years ago. The US is primarily a service economy, importing most manufactured goods (much to my lament). I am happy to wait a week or two to see the longer term direction of the pair if need be.

lol you lost?

thin air can move the market and we can not predict in which direction. it usually against the crowd. weird.
  • #102,546
  • Feb 21, 2020 10:26am Feb 21, 2020 10:26am
Not lost, just don't trade solely on technicals or waves, and don't have time to monitor quick scalps most of the time. So I trade trends mostly.

I don't "believe" in a given momentary direction for any currency pair…if it requires faith it's not a valid trading strategy. They're two complex economies battling for relative value in a giant marketplace. Even central banks are limited in their ability to manipulate a currency pair for terribly long (c.f., CHF a few years back, and the NZD bankers about the same time frame talking down their own currency).
  • #102,547
  • Edited 11:22am Feb 21, 2020 10:28am | Edited 11:22am
Quoting Wavegarrick
{quote} All good Bud. Let's see where this takes us. Nothing is certain in forex. Cheers.
Actually for this one it is pretty certain to me.. Based on H4 and H1 I keep buying new dips to my upcoming Dashed-RED TL.. For now I have 1.0823 as potential retest area but that will probably shift higher.... Happy trading to all

*Nearest target: 1.0902

Stay Green
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Focus only on what truly matters!
  • #102,548
  • Feb 21, 2020 10:31am Feb 21, 2020 10:31am
This is a daily chart with pivots. I just shorted this pair due to price starting to fall.
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Managing your lot size is the key
  • #102,549
  • Feb 21, 2020 12:47pm Feb 21, 2020 12:47pm
Quoting Toshiba
This is a daily chart with pivots. I just shorted this pair due to price starting to fall. {image}
It doesn't help to say "price is falling so I'm shorting".
  • #102,550
  • Feb 21, 2020 12:51pm Feb 21, 2020 12:51pm
Don't be surprised if bears move this thing down to 1.073 area next week
Risk comes from not knowing what to do
  • #102,551
  • Feb 21, 2020 1:11pm Feb 21, 2020 1:11pm
I shorted eur-usd because of a purple arrow on 30 minute chart. Purple arrows are created when price tops and then starts to fall.
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Managing your lot size is the key
  • #102,552
  • Feb 21, 2020 3:09pm Feb 21, 2020 3:09pm
No great news today but the EUR news were better than those from the US so the result is that the bulls took over for a good trading day
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  • #102,553
  • Feb 21, 2020 3:11pm Feb 21, 2020 3:11pm
Quoting Hutch
No great news today but the EUR news were better than those from the US so the result is that the bulls took over for a good trading day {image}
and now back down till 1.0700
  • #102,554
  • Feb 22, 2020 12:30am Feb 22, 2020 12:30am
A Working Market Model
  • #102,555
  • Feb 22, 2020 1:58am Feb 22, 2020 1:58am
Sweet Spots and S/R Levels for New Week

As long as bulls can keep it above the 1.0830/40 zone it is likely that price will keep rising to 1.0890 area. With current picture in mind, imho, best is to watch intraday support levels and to keep buying dips based on H1 (or H4).

I hope it helps.. Enjoy your weekends folks

Stay Green
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Focus only on what truly matters!
  • #102,556
  • Feb 22, 2020 7:24am Feb 22, 2020 7:24am
Hi ata

Looking a bit insight from you, as I'm looking at past history in Monthly chart. I Noticed EURUSD on July 2014 keep declining until March 2015. The total down is around 3000 pips (or 30000 micro pips)
Do you know what causing that at that time ? And do you think it's possible due to COVID-19 the EURUSD gonna repeat that extreme down move ?

Thanks before.
  • #102,557
  • Edited 8:52am Feb 22, 2020 8:38am | Edited 8:52am
Buy the dips... Intraday setup only
H4 TF : TP1 @ 1.09136
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #102,558
  • Edited 9:58am Feb 22, 2020 9:45am | Edited 9:58am
Quoting hk81
Hi ata Looking a bit insight from you, as I'm looking at past history in Monthly chart. I Noticed EURUSD on July 2014 keep declining until March 2015. The total down is around 3000 pips (or 30000 micro pips) Do you know what causing that at that time ? And do you think it's possible due to COVID-19 the EURUSD gonna repeat that extreme down move ? Thanks before.
This might provide the closest answer to your first question: http://www.thefiscaltimes.com/Articl...urozone-Crisis
For your 2nd question: Nobody knows if history will repeat itself. I personally stay away from long-term projections. I always look at the next week in advance and make my plans according to that. Simple as that. Looking too far into the future is just wasted effort imho. My two cents

And additionally these were the two triggers back then*:
July 2014
ECB prepares market for possible, if not imminent, QE implementation as Eurozone economic growth and inflation continues to stagnate.

January 2015
ECB announces full-blown QE.

*Source: https://www.forexlive.com/news/!/10-...e-now-20180814

Stay Green
Focus only on what truly matters!
  • #102,559
  • Feb 22, 2020 10:01am Feb 22, 2020 10:01am
Quoting pridolfx
{quote} and now back down till 1.0700
With only meager news until Thursday I think that the EURUSD will trade within a tight range until then.
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  • #102,560
  • Feb 22, 2020 11:34am Feb 22, 2020 11:34am
Does anyone here think we'll have a follow through bullishness on Monday, maybe about 60p up? If yes, why would you think so?
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