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EURUSD

  • #1,163,141
  • Feb 27, 2020 10:32am Feb 27, 2020 10:32am
Quoting OhComeOn
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. {image}
Went ahead and entered short at R200 instead, figured it was close enough. Still looking at same TP areas.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,163,142
  • Feb 27, 2020 10:55am Feb 27, 2020 10:55am
1.07238 (2017 gap)here we come
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-27 18.54.23_1.jpg Size: 100 KB
yes yes yes
  • #1,163,143
  • Edited 11:37am Feb 27, 2020 10:58am | Edited 11:37am
The Euro is now showing strength on the Daily, Weekly, and Monthly currency meter (compared to USD). This indicates buying pressure is likely to continue.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Strength.png Size: 36 KB

If price continues to move upward, then because of the strong buying pressure we saw this morning, it is safe to say a decent retracement is likely to happen first.

Possible retracement area is colored in yellow. If bulls fail to stay above this area, then EUR/USD will likely go back down into the basement.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Strength 2.png Size: 94 KB

Note: Should EUR/USD continue to move higher, I have my eyes set on the Point of Control (red line) as a possible turning point (see image above). However, anywhere within the darker blue shaded area of the Volume Profile could be a turning point.

Keep in mind we are still in a strong bear market. Things can easily take a turn for the worse. In other words, if you are thinking about buying, proceed with caution! The same goes for selling. This market is fragile.

This commentary is for educational purposes only. It is not financial advice. You are solely responsible for any losses you incur as a result of decisions you make. You trade at your own risk.
Learn from your mistakes and march on.
  • #1,163,144
  • Feb 27, 2020 11:14am Feb 27, 2020 11:14am
Closed EURUSD long position at possible 38.2 Fib rejection
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Closed Long Position at 38.2 Feb 27,2020 -Vikinsa Forex Trading.png Size: 165 KB
Technical Analyst & Trader @ Vikinsa
  • #1,163,145
  • Feb 27, 2020 12:09pm Feb 27, 2020 12:09pm
Quoting Moty
{image}
What does this have to do with EUR/USD?
Learn from your mistakes and march on.
  • #1,163,146
  • Feb 27, 2020 12:50pm Feb 27, 2020 12:50pm
Quoting here2there
{quote} What does this have to do with EUR/USD?
you are right , wrong chart
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 57 KB
yes yes yes
  • #1,163,147
  • Feb 27, 2020 2:04pm Feb 27, 2020 2:04pm
It is going to be an interesting Friday tomorrow. Forex is fun.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,163,148
  • Feb 27, 2020 2:06pm Feb 27, 2020 2:06pm
Quoting Amir_Forex
{quote} . . . {image} {image} {image}
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.
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Attached Image(s) (click to enlarge)
Click to Enlarge Name: Fibre , Weekly.jpg Size: 185 KB
Click to Enlarge Name: Fibre , Weekly1.jpg Size: 157 KB
Click to Enlarge Name: Open Positions.JPG Size: 144 KB
Patterns have an underlying mathematical structure.
  • #1,163,149
  • Feb 27, 2020 2:24pm Feb 27, 2020 2:24pm
Don't be fooled by the psychological tricks market manipulators like to use against the retail trader!

Is it possible EUR/USD can go up more before retracing? Indeed! But it's not likely it will do so by much if it does! Not after a strong move like the recent one.

Anything can happen, of course. And that's why, as technical analysts, we must be careful to speak in probabilities rather than absolutes. There is no such thing as a crystal ball for the trader to see into the future.

What I believe is happening here is market manipulators are attempting to stop out shorts and punish longs who got in late.

I have a short opened since 1.0974. They will not shake me out!
Learn from your mistakes and march on.
  • #1,163,150
  • Feb 27, 2020 3:07pm Feb 27, 2020 3:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 43 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.png Size: 42 KB
yes yes yes
  • #1,163,151
  • Feb 27, 2020 3:41pm Feb 27, 2020 3:41pm
Let them push it higher. I will get even better short entries! Who do they think they are fooling here?

What goes up must come down!
Learn from your mistakes and march on.
  • #1,163,152
  • Feb 27, 2020 3:55pm Feb 27, 2020 3:55pm
Quoting Amir_Forex
{quote} . . . {image} {image} {image}






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https://www.forexfactory.com/showthr...5#post12779965
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.
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Patterns have an underlying mathematical structure.
  • #1,163,153
  • Feb 27, 2020 3:58pm Feb 27, 2020 3:58pm
Looking back on the chart I can now see this this week had an upward cycle starting from tuesday and the spike that hit my short was part of the initial push off.
even still.., the only good entries into it happened in the US sessions.
Today there should be some roll off if new highs can’t be made, in order to end this week’s cycle.
  • #1,163,154
  • Feb 27, 2020 5:05pm Feb 27, 2020 5:05pm
Wonderful thread and PAIR Again! Hope it stays that way!
Can you afford to take that chance?
  • #1,163,155
  • Edited 5:27pm Feb 27, 2020 5:15pm | Edited 5:27pm
Quoting PatienceFx
now eurusd will crash very very bad , whoever went long will cry {image}
Quoting OnlineAddict
I am long and I am smiling.
Still long after 200 pips and still smiling. Tomorrow might be margin call time for the remaining shorts, thats when I will start looking into shorts. Ideally around 1090.
Everyone can see the chart, but only a few can actually read it.
  • #1,163,156
  • Feb 27, 2020 5:18pm Feb 27, 2020 5:18pm
Quoting OnlineAddict
{quote} Still long after 200 pips and still smiling. Tomorrow might be margin call time for the remaining shorts, thats when I will start looking into shorts. Ideally around 1090.
You sure?
Can you afford to take that chance?
  • #1,163,157
  • Feb 27, 2020 5:19pm Feb 27, 2020 5:19pm
BTW guys, I moved to WTI, GOLD (posting) for quite some time (months) now, but since I have been in the EURUSD so long, I use it for control or "callibration"
So if anyone of you care for some QUICK BURSTS signals, welcome to STOP BY the CHEETAHs Some appetiser for you, anyone wants FREE 5PIPS signal? BUY
Can you afford to take that chance?
  • #1,163,158
  • Feb 27, 2020 7:35pm Feb 27, 2020 7:35pm
Price is rolling off to the downside up here.
put some shorts on with very tight stops .
this will end the cycle and prepare us for a new one next week.
  • #1,163,159
  • Feb 27, 2020 8:03pm Feb 27, 2020 8:03pm
Quoting EvilEye
Price is rolling off to the downside up here. put some shorts on with very tight stops . this will end the cycle and prepare us for a new one next week.
I noticed that the EURUSD led this pushup but pairs like the AUDUSD didn't react in a similar fashion. And now they are leading the fall. I'll keep an eye on the EURUSD.
  • #1,163,160
  • Feb 27, 2020 8:16pm Feb 27, 2020 8:16pm
I TPed at 0983 as that’s where one of my EMAs sit.
Waiting now for more pull backs to potentially rubber band this further short.
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