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  • #1,165,901
  • Apr 7, 2020 12:34am Apr 7, 2020 12:34am
EU has yet to clear resistance, I was hoping it to break to the upside, but many traders are waiting in the sidelines the news which are going to be bad one more time.

Open interest and volume was lower again and it is clear that the price is pushing upward, so many traders are still taking profits from selling positions and others join the trend, this may push price above 1.0835 and then 1.0900-1.0930.

The volatility was lower yesterday and EU moved less pips as I predicted in one of my yesterdays posts, I wait the same for today, maybe some more pips, but don't count on it and don't forget that anything can happen.

Also we should see what the members of the Eurogroup meeting today will decide for the fate of Euro.

Thats all, yet I don't buy waiting on the sidelines too, to see some upside break, have a great day.
Looking for profitable short term trades ...|
  • #1,165,902
  • Apr 7, 2020 12:36am Apr 7, 2020 12:36am
Quoting Moty
{quote} better use the 50 sma and not the ema {image}
Attached Image (click to enlarge)
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  • #1,165,903
  • Apr 7, 2020 12:42am Apr 7, 2020 12:42am
Quoting Moty
{quote} the crooks want to Despair you , it will range a bit , maybe until tommorow , but it will move up {image}
Hey,
I am still learning the markets. To me it looks like eu is rangebound on the hourly after a nice trend down. What makes you say it will go up?

Cheers
  • #1,165,904
  • Apr 7, 2020 12:44am Apr 7, 2020 12:44am
Quoting tullamulla
{quote} Hey, I am still learning the markets. To me it looks like eu is rangebound on the hourly after a nice trend down. What makes you say it will go up? Cheers
market moves in waves

our job is to identify the waves and float with the crowd
  • #1,165,905
  • Apr 7, 2020 12:49am Apr 7, 2020 12:49am
Quoting PatienceFx
{quote} market moves in waves our job is to identify the waves and float with the crowd
Absolutely. I am trying to figure out why I am not seeing any solid indication of an upmove. Maybe I am missing something? Trying to learn
  • #1,165,906
  • Apr 7, 2020 12:59am Apr 7, 2020 12:59am
Quoting tullamulla
{quote} Hey, I am still learning the markets. To me it looks like eu is rangebound on the hourly after a nice trend down. What makes you say it will go up? Cheers
look at the The rejection of the price from this area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euh1.png Size: 17 KB
Click to Enlarge Name: eu15.png Size: 41 KB
yes yes yes
  • #1,165,907
  • Apr 7, 2020 1:17am Apr 7, 2020 1:17am
Quoting Moty
{quote} look at the The rejection of the price from this area {image} {image}
Ah cool. I see. So in the very short term there is an upmove.

Do you think this upmove would be limited? That's how I am seeing it :/

Thanks!

Edit: I meant like a 50% retrace on the daily
  • #1,165,908
  • Apr 7, 2020 1:53am Apr 7, 2020 1:53am
Price is going up as expected. Looking to see where this is going to top out and what price action looks like up there.
May not enter a trade today, but possibly tomorrow.
Interestingly there is news on Wednesday - which may provide the sell trigger.

on the sidelines for now.
  • #1,165,909
  • Apr 7, 2020 1:54am Apr 7, 2020 1:54am
My view on the daily chart pattern is that we have a triangular pattern that has both possibility of Bulls and bears, so we should be careful when buying until we break out of the triangular pattern what do u think?
Attached Image
I'm enjoying the wins because I was once terrified by loses
  • #1,165,910
  • Apr 7, 2020 2:17am Apr 7, 2020 2:17am
all out !!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euh1.png Size: 54 KB
Click to Enlarge Name: eu15.png Size: 22 KB
yes yes yes
  • #1,165,911
  • Edited 2:36am Apr 7, 2020 2:17am | Edited 2:36am
Quoting auricforecas
Entered BUY, just now.
EXITED, just now... TakeProfit. Not bad, 82PIPs... and very clean, had some lag but basically went straight up from entry.

Quoting viktoriaxz
{quote} I look your buy,really some green candles appear H4,but it can be not buy maybe some retrace .i would wait and not enter this buy.im for short continue.but can be some stop pause or retrace.i see channel h4 1.0685 i said two days before eur can have retrace Maybe this is retrace?
Tnx for your concern, input, you made a valid point (serious), no doubt (it was very difficult trade as you see from the lag/stall). This one was not easy/obvious, but that is the point, right. Wanted to show/timestamp something more difficult (non-obvious), at inflection point etc. Hope you enjoyed it . Hope it was not just luck right . Take care.
Can you afford to take that chance?
  • #1,165,912
  • Apr 7, 2020 2:31am Apr 7, 2020 2:31am
Quoting Moty
{quote} look at the The rejection of the price from this area {image} {image}
this directly means

no need to close long orders in a hurry, let them run
  • #1,165,913
  • Apr 7, 2020 2:34am Apr 7, 2020 2:34am
Quoting PatienceFx
{quote} this directly means no need to close long orders in a hurry, let them run
price has potential to rise to 970
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 45 KB
  • #1,165,914
  • Apr 7, 2020 2:36am Apr 7, 2020 2:36am
Quoting PatienceFx
{quote} price has potential to rise to 970 {image}
This is my first target for longs this week

Time will tell
COT: The precious data ignored
  • #1,165,915
  • Apr 7, 2020 2:41am Apr 7, 2020 2:41am
taking a quick snack at 1.0875 for 1.0905
  • #1,165,916
  • Apr 7, 2020 2:46am Apr 7, 2020 2:46am
Quoting eastrader
{quote} Hope it will break. {image}
Tadaaaaa...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmH154.png Size: 42 KB
wise man say, only fools rush in
  • #1,165,917
  • Apr 7, 2020 3:17am Apr 7, 2020 3:17am
Quoting PatienceFx
{quote} this directly means no need to close long orders in a hurry, let them run
but it's so good to take now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu15.png Size: 34 KB
Click to Enlarge Name: eu15.png Size: 14 KB
Click to Enlarge Name: dxh1.png Size: 33 KB
yes yes yes
  • #1,165,918
  • Apr 7, 2020 3:27am Apr 7, 2020 3:27am
This can go on until 1.0892 yet, any retrace should give us 1.0840-35.

Tomorrow, if it closes above the opening (which seems so) I will target 1.0960-65, or more.
Looking for profitable short term trades ...|
  • #1,165,919
  • Apr 7, 2020 3:39am Apr 7, 2020 3:39am
Will keep adding long.
Make it Green
  • #1,165,920
  • Edited 4:29am Apr 7, 2020 3:53am | Edited 4:29am
Quoting Moty
{quote} but it's so good to take now {image} {image} {image}
It will make another daily high b4 it goes down to yesterday high.Thats if it will still go down there today.I could be wrong,but my channels say so.
New daily .Tp hit.Waiting to enter long again.
Make it Green
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