EURUSD

Quoting Techanalyst

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{quote} Yes. Take a look at -51,849 shorts taken off. Longs -6,687 taken off only but longs are in favor. But it looks like bull trap, but not sure, with this covid-19 nothing is sure at the moment. Any strategy any pattern on the chart seems it don't matter at all for now. But these are the times for all of us to learn how to trade base on fundamentals news. It's with these hard times, that will help us become better traders.

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Quoting Pip-loser

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{quote} Yes, Yes And Yes. The Larger Time Frame Is Telling Us The Trend Direction. Daily And The Weekly And Monthly Say Down To Trade A Daily Time, Requires Days Of Patience For Set Up To Form For Position Trading The Smaller Time Frames Would Be Considered Noise For Scalping. It Is A Bull Trap Patience Is What I Am Learning To Exercise As I Use These Times To Train To Be A Position Trader. If We All Trade These Times And Survive These Times, Then When Things Are Back To Normal We Can Trade Anything. You Have Your Head Screwed On Tightly On Your...

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Quoting fx4money

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got 2 robots to buy and sell, manually i am in buying mode

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Quoting PatienceFx

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how can i short this , all i can do is go back to sleep {image}

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Quoting Pip-loser

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{quote} What The Chart Here Is Showing Me Is A Pennant The White BOLDED, Downward Sloping Trend Line And The White BOLDED, Upward Sloping Tread Line Both Form A Pennant. The White Candle That Pushed Up Through The White BOLDED, Downward Sloping Trend Line Could Be Seen As A False Break Out The Two RED Arrows Are Highlighting The Pennant The Most Two Recent Blue Candles Are Trying To Fall Back Inside The Pennant As The First Blue Candle Closed Siting On Top Of The White BOLDED Downward Sloping Trend Line The Current Blue Candle...

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Quoting Pip-loser

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{quote} The First Red Arrow Indicates First FALSE Break Out The 2nd Red Arrow Indicates Possible SECOND FALSE Break Out Current Blue Candle Is Trying To Go Back Inside The Pennant To Confirm The False Break Out Please Keep In Mind The Doji That Formed On The Daily. Which Means In Decision And Possible Reversal We Could However Get A Test Of Yesterdays Highs At The Monthly Resistance Price 1:08792 I Continue To Hold My Short Alternate Bullish Scenario Price Could Bounce Off White BOLDED Downward Sloping Trend Line To Test The Purple...

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Quoting OhComeOn

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{quote} Click the "Sell" button, come on, you know that you want to do it. LOL Just messing with you, hope all is well.

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Quoting Js3mwtRc

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I don't see any good trend, it is clear that the price has consolidated and the best strategy here is sit and wait if, the price will make a new high to sell, because the bigger timeframes say so, but maybe a more prudent decission is to wait for a clear break and try to get a good entry targeting the edges. I will wait for more confirmation, now the signals are mixed. Also there is clear resistance here at 1.0810 where buyers become sellers, see yesterdays structure. at the right of your chart after the advance. Its broken to the upside again.

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Quoting Moty

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{image} {image}

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