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  • #103,081
  • Mar 5, 2020 2:38am Mar 5, 2020 2:38am
H4 Status Update

Yesterday bears couldn't push price back to retest 1.1080 area and today because of the delay most current Dashed-RED TL touch level now shifted to 1.1065.

An important detail here is that this touch will now happen below GREEN line and therefore becomes a risky buy trade! Still possible though so I will buy carefully there and watch if candle can go back above GREEN line. If I see strong resistance I would switch to selling.

If bulls can break through RED TL then we don't need to discuss support anymore and we could plan to watch if bulls can break monthly resistance 1.1200 or not. Time will tell..

*Based on H1 I also watch 1.1148 resistance and 1.1090 support! H1 is currently bearish so I expect some downside pa!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Status-Update.png Size: 25 KB
Focus only on what truly matters!
  • #103,082
  • Mar 5, 2020 3:22am Mar 5, 2020 3:22am
Arrived at 1.1148.. time to see if bulls can bring it a notch higher or if bears kick finally in.. Seems like bulls are a little stronger today but still they first must achieve a H1 candle close above 1.1148.. Let's see..

Stay Green
Focus only on what truly matters!
  • #103,083
  • Mar 5, 2020 3:28am Mar 5, 2020 3:28am
Quoting Ata-Turkoglu
Arrived at 1.1148.. time to see if bulls can bring it a notch higher or if bears kick finally in.. Seems like bulls are a little stronger today but still they first must achieve a H1 candle close above 1.1148.. Let's see.. Stay Green
odd action considering Wallstreet might open 200 points under with the virus still posing danger to the economy.
  • #103,084
  • Mar 5, 2020 3:30am Mar 5, 2020 3:30am
Quoting investing101
{quote} odd action considering Wallstreet might open 200 points under with the virus still posing danger to the economy.
Daily chart "has to" retest 1.1163.. But even if that doesn't hold, I don't expect much upside.. 1.1192 max..

Head & Shoulders alert on H4

Stay Green
Focus only on what truly matters!
  • #103,085
  • Mar 5, 2020 3:31am Mar 5, 2020 3:31am
Quoting Ata-Turkoglu
{quote} Daily chart "has to" retest 1.1163.. But even if that doesn't hold, I don't expect much upside.. 1.1192 max.. Stay Green
good one. WATCH IT DAILY. SMART
  • #103,086
  • Mar 5, 2020 3:34am Mar 5, 2020 3:34am
So how do we expect Non-Farm employment change to be after corona virus? Since people are sick in USA I'm sure less people were employed and for the fact that some airports were closed, so my fundamental analysis will be a decline in Non-Farm employment, which will result in the pair appreciating in value?
I'm enjoying the wins because I was once terrified by loses
  • #103,087
  • Mar 5, 2020 3:40am Mar 5, 2020 3:40am
Quoting MaxDoom
D-PP has held it down now with a move below the open, I'll look for continuation down if the PP holds up. Initial target 1.1047 {image}
bounce off W-R1 and now popped over D-PP
It would be nice to get a consistent run maybe see the 1.1239 test until then keep taking a few off the levels
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  • #103,088
  • Mar 5, 2020 3:45am Mar 5, 2020 3:45am
Quoting Erto
So how do we expect Non-Farm employment change to be after corona virus? Since people are sick in USA I'm sure less people were employed and for the fact that some airports were closed, so my fundamental analysis will be a decline in Non-Farm employment, which will result in the pair appreciating in value?
I still don't expect anything higher than 1.1192 this week (assuming daily 1.1163 acts weak).. I will look for sell opportunities the more price nears 1.1192..

*Next week 1.1192 resistance will shift higher to 1.1207

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Weekly-Status-Update.png Size: 28 KB
Focus only on what truly matters!
  • #103,089
  • Mar 5, 2020 3:52am Mar 5, 2020 3:52am
Quoting Starcraftmaz
{quote} I like your analysis bro, very similar to my own We have something of a reverse space invader pattern I suspect 1.117 - 1.118 before down, possibility of a higher spike maybe. 1h {image}
Last bounce, as predicted. Looking for short opportunities as well.
  • #103,090
  • Mar 5, 2020 3:55am Mar 5, 2020 3:55am
Quoting Starcraftmaz
{quote} Last bounce, as predicted. Looking for short opportunities as well.
The potential weekly candle close above GREEN line: 1.1123 is the only game changer.. If that happens after Friday closing I will switch my long term bias to bullish. So that's next week's topic though. This week still bearish!

Anyways.. let's see if H4 Head & Shoulders kicks in.. critical times again..

Stay Green
Focus only on what truly matters!
  • #103,091
  • Mar 5, 2020 4:08am Mar 5, 2020 4:08am
Quoting Ata-Turkoglu
{quote} I still don't expect anything higher than 1.1192 this week (assuming daily 1.1163 acts weak).. I will look for sell opportunities the more price nears 1.1192.. *Next week 1.1192 resistance will shift higher to 1.1207 Stay Green {image}
We are on the same page. I even want a spike to 1.118x-9x so I can sell there and hold till 1.1050 at least.
  • #103,092
  • Mar 5, 2020 4:13am Mar 5, 2020 4:13am
So this health scare "virus" seems to be good for the Euro, am I right? I believe Italy closed down schools today.
  • #103,093
  • Mar 5, 2020 4:14am Mar 5, 2020 4:14am
Quoting Mitiblotch
{quote} We are on the same page. I even want a spike to 1.118x-9x so I can sell there and hold till 1.1050 at least.
1.1183 might do the trick.. I am too waiting for the perfect sell opportunity.. Best wishes

Stay Green
Focus only on what truly matters!
  • #103,094
  • Mar 5, 2020 4:16am Mar 5, 2020 4:16am
looks like market made it clear that it won't bow down until it sees the NFP.
  • #103,095
  • Mar 5, 2020 4:17am Mar 5, 2020 4:17am
Quoting Ata-Turkoglu
{quote} 1.1183 might do the trick.. I am too waiting for the perfect sell opportunity.. Best wishes Stay Green
watch 1.1173, if it holds then the sells are coming very slowly.
  • #103,096
  • Mar 5, 2020 4:18am Mar 5, 2020 4:18am
Selling here.
I play the trade gamble to feed my Porsche addiction.
  • #103,097
  • Mar 5, 2020 4:34am Mar 5, 2020 4:34am
Quoting investing101
So this health scare "virus" seems to be good for the Euro, am I right? I believe Italy closed down schools today.
Kind of, the theory is that it is being caused by reversal of carry trades to emerging currencies - that is to say, EUR based banks/institutions are repatriating their money due to risky sentiment. Eventually they will find their way into USD probably.
  • #103,098
  • Mar 5, 2020 4:38am Mar 5, 2020 4:38am
Quoting Ata-Turkoglu
{quote} 1.1183 might do the trick.. I am too waiting for the perfect sell opportunity.. Best wishes Stay Green
Totally agree with u, I have a pending order @ 1.11828 with a target of 1.10461
Risk comes from not knowing what to do
  • #103,099
  • Mar 5, 2020 4:44am Mar 5, 2020 4:44am
Sold @ 1.1173

SL and TP open


This is based on 4hr.
  • #103,100
  • Mar 5, 2020 4:50am Mar 5, 2020 4:50am
I believe in the JP Morgan Anaylsis form this week regarding the coming up FED meeting 18.03.2020 - FED will decrease again the interst rate. I will go now long in EUR/USD.
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