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EURUSD

  • #1,162,961
  • Feb 23, 2020 9:24pm Feb 23, 2020 9:24pm
Quoting Techanalyst
Now that the gap is filled? Up or down? My analysis say down, with COT numbers. EURUSD.
I think it's possible that we can still go up to the supply zone you noted in an earlier comment.

But ultimately, I believe we are going much deeper. We might even see a new all time low at some point. The EURO appears to be toast.
Learn from your mistakes and march on.
  • #1,162,962
  • Feb 23, 2020 11:17pm Feb 23, 2020 11:17pm
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yes yes yes
  • #1,162,963
  • Feb 23, 2020 11:32pm Feb 23, 2020 11:32pm
economic calendar dry, no volume present, my weekend extends
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  • #1,162,964
  • Feb 23, 2020 11:34pm Feb 23, 2020 11:34pm
A possible scenario
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  • #1,162,965
  • Feb 23, 2020 11:37pm Feb 23, 2020 11:37pm
I’m reasonably confident price will stay above 0800
but breaking below that would change my analysis.

At the moment price is compressing downwards, which suggests a reversal when it bottoms out.
  • #1,162,966
  • Feb 23, 2020 11:48pm Feb 23, 2020 11:48pm
Quoting EvilEye
I’m reasonably confident price will stay above 0800 but breaking below that would change my analysis. At the moment price is compressing downwards, which suggests a reversal when it bottoms out.
across the board usd strengthened for unknown reason

find out why
  • #1,162,967
  • Feb 23, 2020 11:52pm Feb 23, 2020 11:52pm
As I mentioned earlier, when you see an abnormally large spike in volume, there is a high probability a retracement/reversal will happen sometime in the near future.

Though Tick Volume isn't as good as Real Volume, it still plays an important role in technical analysis in the Forex market. If you choose to disagree, then that is your choice. As for me, I will continue to use Tick Volume in my analyses, because I find it to be both reliable and useful for trading decisions.

Attached Image (click to enlarge)
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Learn from your mistakes and march on.
  • #1,162,968
  • Feb 24, 2020 12:14am Feb 24, 2020 12:14am
Gap did happened after the weekend, but EURUSD entered in a consolidation phase, so for me and my analysis a good dip below 1.0800 at .0790-80 is a buy opportunity.

Above there is a gap that it almost filled and .0830-60 is the area to watch for selling opportunities, but this should be my exit Don't search for signals here in this post I am just sharing my thoughts,

have a great week ahead!
Looking for profitable short term trades ...|
  • #1,162,969
  • Feb 24, 2020 12:17am Feb 24, 2020 12:17am
Inserted Video
  • #1,162,970
  • Feb 24, 2020 12:20am Feb 24, 2020 12:20am
Quoting hans91
{quote} Hi amir, nice to see your post. But if I may ask, how can you be so sure that EU will go up to 1.18xxx? Meanwhile we know that EU is not good of fundamental and macroeconomics, too much problem could not be solved soon. Thanks.

Cause I'm Harmonic Trader
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Patterns have an underlying mathematical structure.
  • #1,162,971
  • Feb 24, 2020 12:21am Feb 24, 2020 12:21am
Quoting PatienceFx
{quote} across the board usd strengthened for unknown reason find out why
to stop out the traders going long who held their positions over the weekend.
The gap would have clean jumped over their stops, causing them to lose more money.

Now we are grinding down to get traders to short this.

Nothing to do with economics. Everything to do with the order book, which retail traders cannot see.
  • #1,162,972
  • Feb 24, 2020 1:17am Feb 24, 2020 1:17am
This move now below 1.08 15 is bearish for me..... I keep short fttb. I like Traderview's chart.

Have a great week all, crew.

  • #1,162,973
  • Feb 24, 2020 1:59am Feb 24, 2020 1:59am
Today’s ADR sits around 0850, which would conveniently fill the weekend gap should we get there.

Typically I am only wrong once per market cycle - if I’m going to be wrong...
  • #1,162,974
  • Feb 24, 2020 2:26am Feb 24, 2020 2:26am
Next 2 movés. 10980 aprox and if posible i'll be turning down to 10580 aprox.
POSTMASTER
  • #1,162,975
  • Feb 24, 2020 3:28am Feb 24, 2020 3:28am
Quoting Robinhood1
Next 2 movés. 10980 aprox and if posible i'll be turning down to 10580 aprox.
Thought would go up without resting but its probably switched to snail mode
POSTMASTER
  • #1,162,976
  • Feb 24, 2020 3:56am Feb 24, 2020 3:56am
Quoting Robinhood1
{quote} Thought would go up without resting but its probably switched to snail mode
Stop hunting traders who took long positions after the spike
  • #1,162,977
  • Feb 24, 2020 5:05am Feb 24, 2020 5:05am
Quoting EvilEye
{quote} to stop out the traders going long who held their positions over the weekend. The gap would have clean jumped over their stops, causing them to lose more money. Now we are grinding down to get traders to short this. Nothing to do with economics. Everything to do with the order book, which retail traders cannot see.

  1. pmi good
  2. german business climate good

i doubt if this short works but lets see

indicator on chart - divergence
https://www.forexfactory.com/showthread.php?t=982176

Attached Image
  • #1,162,978
  • Feb 24, 2020 5:19am Feb 24, 2020 5:19am
nugget for fxfactory

be weary of short

there's good reason for both sides

haven't seen the programs execute this poorly

wait it out
  • #1,162,979
  • Feb 24, 2020 5:28am Feb 24, 2020 5:28am
EU
Attached Image (click to enlarge)
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  • #1,162,980
  • Feb 24, 2020 6:34am Feb 24, 2020 6:34am
Quoting TourajTrader
{quote} According cyclical trading should be bullish from current zone based on Weekly - Daily charts Also I did upload cyclical movement of DXY - USD Index that shows us USD INDEX will come down means long term bullish for EURUSD {image}
did you do the analysis yourself or did you get that picture from somewhere esle?
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