EURUSD only

Quoting sqaguru

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1.1050-1.1060 could be the next sell level

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Quoting newbegger

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Looks like this may be a turnaround Friday. Never heard of a turnaround Friday without NFP? Me neither. The fear trade does not turnaround on Friday with the uncertainty over the weekend. So I will either get long and close before EOD or just sit out. {image} My last trades short I closed out for sizable loss so a small loss for the week so far. Not looking to make this week a big loser.

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Quoting HonkyCat

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Price action moved to touch the top of the long-term trend channel at 1.1050 and reversed. That will provide hard resistance, as the trend started the week of 12-Feb-2018. Currently the bottom of that channel rests near 1.0760. It's unlikely that the current market hysteria will be able to exceed the top of the channel (and if they do, not for long…it was broken for a total of 8 days in January before retracing downward.) So the bias is bearish per the long-term trend. With good PCE, personal spending, and PMI numbers, EURUSD should retrace some...

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Quoting digger1

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{quote} Trend stated long before tht my friend if your talking .. hat they do regardless ,, ,, never changes , whats it above ,, whats it below ,, what pieces do I have , {image}{image}

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Quoting Ata-Turkoglu

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{quote} Safe to short for who? Depends on many things.. Nothing is safe.. I shorted.. Nobody knows what will happen.. Based on statistics selling around fib 78.6 is "safer" but never just safe... Stay Green

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Quoting Not-KPMG

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{quote} Nice view, good chart Long time no see Diggs. I'm working on my signals, so not much charts . 1.0960 area buys. 1.1070 targets. 1.11 that big MA? 1.1130 stop hunt. Who knows after that. But I'd say to oscillate around 1.10 Green pips ALL.

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Quoting Ata-Turkoglu

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Weekly Status Update This week was a "Climb Above Dashed-BLUE TL" and created little losses which I quickly recovered. But the point is that failures happen sometimes (Thank God this is rare). I mark failure areas with "black" colored arrows. That means at those areas plan didn't work and I had to quickly cut losses and flip the story. On below chart you can see that we had failure this week. A similar failure like this happened back in 2019 October. Based on my system's rules if any candle closes above most current Dashed-BLUE line it signals serious...

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Quoting gettoefl

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{quote} thanks Ata for chart analysis ... calculated the slope of your dashed blue is 15 pips per week so we can put such a slope at any low weekly wick, further it seems the slope -15 pips week works nicely too when the market turns to an uptrend ... stay green

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Quoting digger1

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{quote} Trend stated long before tht my friend if your talking channels ,, grand scheme of things its hardly moving ,,every quarter other thn last quarter,,, it started out at quarterly low ,, it puts in a marginal new low ,,,, then up to a daily 200 ema ,, has a little fun ,, gets lots of wild forecasts both ways ,, then jst does wht it has been doing for months and months now ,,,, btw ,, news is just fuel ,, before the latest it was brexit brexit brexit ,, ,, now something else when tht is settled then it will be something else ,markets do what...

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Quoting Leodavinci

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with the opening of markets, I will start selling at full margin. I see a big and fast fall on Monday to 1.0907

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Quoting Leodavinci

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with the opening of markets, I will start selling at full margin. I see a big and fast fall on Monday to 1.0907

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Quoting DMA Trader

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CNY Manufacturing PMI 35.7 Non-Manufacturing PMI 29.6 ouch China’s factory activity plunges to all-time low, worse than global financial crisis, February data show China’s official manufacturing purchasing managers’ index (PMI) dropped to 35.7 in February from 50.0 in January, below the 38.8 figure reported in November 2008 The non-manufacturing PMI – a gauge of sentiment in the services and construction sectors – also dropped to 29.6 from 54.1 in January, the lowest since November 2011

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Quoting QuantemPips

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{quote} So, what are you trying to say with respect to EUR / USD? My view is equally bad for both so price relative one to he other shouldn't be affected much - at least not by this. I think pressure on Powell for significant rate cut is more of a factor. I think we continue to go up from here. Was long 5 lots with a TP of 1.1080 (top of descending daily channel), but wimped out just before close yesterday and closed manually at 1.1031. Ordinarily don't mind holding any position through a weekend, but this corona thing - or at least the reporting...

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Quoting Maroc-Ismail

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{quote} Strange.. I also noticed that markets may drop hard on Monday. Price reached 100 EMA on daily chart. Last time price touched this line (also a Friday), it fell hard the next Monday. It is also overstretched and overbought. But the thing is, trend is still bullish at the moment. I don't have confirmation of any possible drop. I will buy dips despite already being short. Another possible scenario, is that price will reach 1,11 and then retrace a bit to complete a cup and handle pattern. This may be the start of a big bullish reversal. All...

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Quoting Leodavinci

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{quote} I would not say that the trend is already bullish. I decided to share my plan with a schedule for three days. I’ll think it can come in handy {image}

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