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  • #103,961
  • Mar 16, 2020 7:16am Mar 16, 2020 7:16am
Possible head shoulder pattern in play on 15 mins and 1hrs
Risk comes from not knowing what to do
  • #103,962
  • Mar 16, 2020 7:24am Mar 16, 2020 7:24am
Quoting Ata-Turkoglu
{quote} It is not gold/usd it is gold/try so it is totally different.. I don't suggest you trade it while living outside Turkey.. Anyway.. back to EURUSD.. Once/if we can have a candle close above Dashed-BLUE, I will keep an eye on continuing to buy dips towards 1.1192.. Maybe it drops from here so I am on sidelines for now.. Stay Green {image}
I understand. Good work mate.
  • #103,963
  • Mar 16, 2020 7:34am Mar 16, 2020 7:34am
Put some Long at 1150-1154, TP 1250
  • #103,964
  • Mar 16, 2020 7:57am Mar 16, 2020 7:57am
Quoting Fxminer
Put some Long at 1150-1154, TP 1250
Maybe, but I prefer this outlook

Quoting Austyno
Possible head shoulder pattern in play on 15 mins and 1hrs
It looks more bearish than bullish and consider double top on 1h
  • #103,965
  • Mar 16, 2020 8:02am Mar 16, 2020 8:02am
Quoting Starcraftmaz
{quote} Maybe, but I prefer this outlook {quote} It looks more bearish than bullish and consider double top on 1h
Based on weekly all you need to watch is if 1.1110/20 area acts as support or not.. For this week and maybe the next few weeks 1.1225 seems to be our main resistance.. Trade accordingly..

*Meanwhile S/R Levels for today are shown on chart below..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR-Levels.png Size: 21 KB
Focus only on what truly matters!
  • #103,966
  • Mar 16, 2020 8:09am Mar 16, 2020 8:09am
Quoting Fxminer
Put some Long at 1150-1154, TP 1250
Stop at 1135-1139, Hope North
  • #103,967
  • Mar 16, 2020 8:11am Mar 16, 2020 8:11am
Quoting Starcraftmaz
{quote} Maybe, but I prefer this outlook {quote} It looks more bearish than bullish and consider double top on 1h
That's what I meant
Risk comes from not knowing what to do
  • #103,968
  • Mar 16, 2020 8:13am Mar 16, 2020 8:13am
Quoting Austyno
{quote} That's what I meant
Yeh I know, I was agreeing and adding my commentary

Seems like there is a LOT of demand around 1.115 area, for the last 3 hours it hasn't been able to punch through it. I think it will go to 1.111 very quickly once it does (whether it's now or later).
  • #103,969
  • Mar 16, 2020 8:15am Mar 16, 2020 8:15am
Quoting Maroc-Ismail
I don’t know why all of your bias’ are negative on EU? I was too.. Are some of you aware that the rate cut makes the dollar much less attractive to investors? If you give this pair some time, we might head to 1,23 again.. Swap will also be less attractive to the ones who love to short because of it. 1,1055 is such a tough nut to crack because it is the 61.8 % fib of the new uptrend started. Price might range a bit and then start a new wave up imo to 1,16/17 levels. I just don’t see this pair making a new low. Don’t bring me the save heaven bullshit...
Aware of rate cuts on USD, rate cut have been priced in I assume....its hasn't been a surprise to most. USD safe haven…I think CBs will have to intervene to keep people/banks from stock piling USD lol...…FEDs rate cut I think was more so to help other currencies which will other countries room need to possibly do more rate cuts without devaluing their currency with the USD.....why I think the feds were the first to cut rates after the all the CBs meet the other week...I am thinking this is a coordinated effort globally...

I do see a new low in distant future for the EURO...this has been the trend for a few years...don't think the Virus has helped the EUR myself....may have expedited the EURO going down if it wasn't for the FEds rate cut....they maybe the first to raise rates also...keep that in mind
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  • #103,970
  • Mar 16, 2020 8:17am Mar 16, 2020 8:17am
Quoting mistaouting
maybe we get a head a shoulders pattern for the day and this things continues its way down....seem like its waiting for the NY open or exchange open...

hopefully this head and shoulders patter will complete....
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  • #103,971
  • Mar 16, 2020 8:18am Mar 16, 2020 8:18am
One last time I dared to buy here at 1.1149
SL: 1.1127 (mental)
TP: Open

*I can already see failure.. let's see how it goes though..

Stay Green
Focus only on what truly matters!
  • #103,972
  • Mar 16, 2020 8:21am Mar 16, 2020 8:21am
I may take a buy at 1100, that would be the completion of the head and where I take out my shorts...if the bottom of the bucket doesn't fall out or one of CBs decide to swing the price....I would be the FEDs and the ECB are okay with this thing falling further
LOCK IN RE-ENTER
  • #103,973
  • Mar 16, 2020 8:24am Mar 16, 2020 8:24am
Hi great people. All I have done today is sell the rallies. With the head and shoulders on 15minTF, I hope for a further bearishness. Hope the US open is in favor though....! Happy trading
  • #103,974
  • Mar 16, 2020 8:26am Mar 16, 2020 8:26am
Quoting v2vboni
{quote} M30 TF | H1 MTF: selling the rips Updated chart: Orders got filled (1 remain) Now... checking the viability (eyeballing a little lower or about 10 pips below the previous Low at 1.10541) on when to Buy low as my expectation of targetting 1.09900 is getting gloomy. Otherwise, will check the possibility of Selling the rips between 1.12300 and 1.11800 handle Anyway, the remaining order is locked-in at 1.11350 (SL+) {image}

...woke up, and then saw a missed opportunity to sell at 1.12300

M30 TF | H1 MTF:
Entry at 1.11532
TP at 1.11060
Attached Image (click to enlarge)
Click to Enlarge Name: eu_today_zs1D.png Size: 75 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #103,975
  • Mar 16, 2020 8:27am Mar 16, 2020 8:27am
I re-entered a short

Closed an another sell today

Price @ 1.1195

Tp 1.1130

Profit 65 pips


Waiting sidelines
  • #103,976
  • Mar 16, 2020 8:34am Mar 16, 2020 8:34am
Quoting Ata-Turkoglu
One last time I dared to buy here at 1.1149 SL: 1.1127 (mental) TP: Open *I can already see failure.. let's see how it goes though.. Stay Green
Failed.. waiting on sidelines for another opportunity..

*Drops to your most mentioned support area happen when you least expect it.. Sighs!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 33 KB
Focus only on what truly matters!
  • #103,977
  • Mar 16, 2020 8:34am Mar 16, 2020 8:34am
Quoting mistaouting
I may take a buy at 1100, that would be the completion of the head and where I take out my shorts...if the bottom of the bucket doesn't fall out or one of CBs decide to swing the price....I would be the FEDs and the ECB are okay with this thing falling further
I might have to move my TP down further
LOCK IN RE-ENTER
  • #103,978
  • Mar 16, 2020 8:34am Mar 16, 2020 8:34am
Quoting Fxminer
{quote} Stop at 1135-1139, Hope North
Stop Hit, Buy again 1110-1116, Target 100 pips
  • #103,979
  • Mar 16, 2020 8:37am Mar 16, 2020 8:37am
Okey all my shorts are closed (big sigh of relief)

I haven't used trendlines much lately, but just noticed this;

A shorter term uptrend range bumping into downtrend started last week.

1h chart
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 156 KB
  • #103,980
  • Mar 16, 2020 8:38am Mar 16, 2020 8:38am
If I wasn't already in short I personally would go short on the end of the M5 pullback..
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