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  • #1,163,101
  • Feb 27, 2020 3:35am Feb 27, 2020 3:35am
We have Covid-19 break out in Europe with more cases and German releasing more money, with Trump taking measures for Covid-19 from the other, sellers lost some money here, but it shouldn't be a huge damage, at least I hope not yet.

For now we should wait and see how things will turn out for EURUSD pair, but this maybe its chance we all have been waiting.
Looking for profitable short term trades ...|
  • #1,163,102
  • Feb 27, 2020 3:53am Feb 27, 2020 3:53am
This has been a gentle down trend since May 2018. I may cover some longs at 1.0950. This is where I expect some consolidation and perhaps a reversal at 953 - 981 area. And there is a January low at 1.099. Lots of potential pivots. May release some margin for a better set up.

Chart:

Attached Image (click to enlarge)
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Gone to a better place
  • #1,163,103
  • Feb 27, 2020 4:42am Feb 27, 2020 4:42am
There’s a large EMA that price is touching up here.
unfortunately the only good trades up here happened in US session, meaning that if I wanted to trade this far Safely I would have had to keep trades from Tuesday when the Euro session was given an opening... and I just don’t swing trade.

price does look like topping out up here but I guess it will be happening in the US session so I’m fairly committed to waiting for solid confirmation that this cycle is done and dusted and a new one has begun before trading again.
  • #1,163,104
  • Feb 27, 2020 6:24am Feb 27, 2020 6:24am
Well we all can confirm that the cycle this week was bullish. Coming next week, we should see more down move. Trade safe.
  • #1,163,105
  • Feb 27, 2020 6:55am Feb 27, 2020 6:55am
if eur doesnt stop here 1.09750 next target can be 1.1100 this is daily channel.I should say eur crossed heavy H4 channel-up.h4 was 1.09150
  • #1,163,106
  • Feb 27, 2020 6:59am Feb 27, 2020 6:59am
Quoting viktoriaxz
if eur doesnt stop here 1.09750 next target can be 1.1100
I think before 1.11 the 1.10 is a strong resistance.
  • #1,163,107
  • Feb 27, 2020 7:15am Feb 27, 2020 7:15am
Quoting Tici
{quote} I think before 1.11 the 1.10 is a strong resistance.
I can say if it cross 1.10 and stay it goes to 1.11 sure
  • #1,163,108
  • Feb 27, 2020 7:16am Feb 27, 2020 7:16am
Quoting viktoriaxz
{quote} I can say if it cross 1.10 and stay it goes to 1.11 sure
I agree with that
  • #1,163,109
  • Feb 27, 2020 7:20am Feb 27, 2020 7:20am
Quoting Techanalyst
Well we all can confirm that the cycle this week was bullish. Coming next week, we should see more down move. Trade safe.
Sorry mate, how can you be so sure that EU will drop more ?I see at weekly chart, bullish pin bar could make this fly higher to 1.12xxx - 1.13xxx maybe, it just maybe, I could be wrong.
  • #1,163,110
  • Edited 8:31am Feb 27, 2020 7:27am | Edited 8:31am
now middle channel daily-1.09730 about it eur will stay after go up or down.Weekly become green no 1.05 eur,can be double bottom,or a bit less-its weekly you know,but no 1.05.it only my opinion but eur go to 1.11 if so daily trend change and its not for 2-3 days.for a moment daily stay down.I dont know about COT and supply-demand-i look chart-daily
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  • #1,163,111
  • Edited 8:04am Feb 27, 2020 7:45am | Edited 8:04am
so usdx breaks support 98.56 smoothly and may time to bounce or make bottom above next support 98.30. perfect.
watching limit 1.0992 in eurusd if to stop !
Attached Image (click to enlarge)
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Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,163,112
  • Feb 27, 2020 8:05am Feb 27, 2020 8:05am
We should be seeing a big selloff soon.
Learn from your mistakes and march on.
  • #1,163,113
  • Feb 27, 2020 8:06am Feb 27, 2020 8:06am
Quoting EvilEye
{quote} if you are to be correct, I suspect we’ll go back to 0850 first. I shorted above the market as I was hoping. So far looks good but tight stops are on in case I stuff it up.
i was correct
  • #1,163,114
  • Feb 27, 2020 8:09am Feb 27, 2020 8:09am
Quoting here2there
We should be seeing a big selloff soon.
i already sold my neighbour's poultry
  • #1,163,115
  • Feb 27, 2020 8:23am Feb 27, 2020 8:23am
Quoting hans91
{quote} Sorry mate, how can you be so sure that EU will drop more ?I see at weekly chart, bullish pin bar could make this fly higher to 1.12xxx - 1.13xxx maybe, it just maybe, I could be wrong.
I dont look at pin bars. They are irrelevant. I look at supply and demand zones...sentiment...COT numbers. Thats all it matters. I pay attention to the news, but i dont try to predict the news. Trade safe.
  • #1,163,116
  • Edited 8:47am Feb 27, 2020 8:37am | Edited 8:47am
If anybody hasn't posted this yet, this is simply the dip forming on the 1D chart. 4H will continue up, drop back down to 240 LWA area and then move back up. That first dip is going to be a good spot to enter long. I am placing a short order at 1.1020 because this will be past the R200 pivot level. Just going to short until R138 or R100, then will wait for long entry.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,163,117
  • Feb 27, 2020 8:38am Feb 27, 2020 8:38am
What's the matter? With all good data for USD it's still falling, it seems nonsense to me euro going up like this ? It's in sell zone I think
  • #1,163,118
  • Feb 27, 2020 8:46am Feb 27, 2020 8:46am
917643...............Of course it s nonsense.... Technical , rather artificial move to sweep stops and create a crest to establish shorts .

$JY reached 109.767.......Let s see if it botomed..... Watching it fttb...
  • #1,163,119
  • Feb 27, 2020 8:56am Feb 27, 2020 8:56am
Quoting 917643
What's the matter? With all good data for USD it's still falling, it seems nonsense to me euro going up like this ? It's in sell zone I think
Think of the data as fuel for a move, not good or bad means a particular direction. On the higher time frames such as 4H and 1D you can see the direction more clearly. Many times the data is being priced in over a time period and when the data comes out the price moves quickly. Think of it as a spring, data will come out in a week, so during the week of waiting you are compressing the spring, when data comes out, you let go of the spring. The banks have a pretty good idea the direction they want to go. This catches a lot of people off guard trying to trade data releases. Just watch it moving forward and you will see many times this is the case.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,163,120
  • Feb 27, 2020 8:56am Feb 27, 2020 8:56am
Quoting 917643
What's the matter? With all good data for USD it's still falling, it seems nonsense to me euro going up like this ? It's in sell zone I think
This week cycle is bullish. Next week coming, this should turn bearish.
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