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EURUSD

  • #1,168,021
  • Apr 30, 2020 5:44am Apr 30, 2020 5:44am
Quoting Kingofnight
{quote} It will rise to 1.0932 area maybe 1.0940 also my mentor told me
Your mentor? Someone is telling you what to do in trading? Advice, learn it on your own. Have your own rules, strategy and money management. Trade safe.
  • #1,168,022
  • Apr 30, 2020 5:52am Apr 30, 2020 5:52am
Quoting gatenio
{quote} 25 min will find out.. pa now is a pure headache
I 'll take a break, the price action is very choppy now.
Looking for profitable short term trades ...|
  • #1,168,023
  • Apr 30, 2020 5:53am Apr 30, 2020 5:53am
Quoting kuroro001
{quote} 25mn ? Rate announcement is in one hour, then conf in 2 hours
end of hour,
after the price fell below the DPP last hour, for me a confirmation is stay below it in the next hour close.

about the news.. i couldnt careless.
  • #1,168,024
  • Apr 30, 2020 5:56am Apr 30, 2020 5:56am
Quoting Js3mwtRc
{quote} I 'll take a break, the price action is very choppy now.
the right thing to do if not holding a trade
  • #1,168,025
  • Apr 30, 2020 5:57am Apr 30, 2020 5:57am
Quoting Kingofnight
{quote} It will rise to 1.0932 area maybe 1.0940 also my mentor told me
You gave up the downside?
COT: The precious data ignored
  • #1,168,026
  • Apr 30, 2020 6:05am Apr 30, 2020 6:05am
Quoting Techanalyst
On a weekly, this is a big mess that I am staying out of. Until there is a specific direction where it goes, with of course fundamental analysis. For now, looking at daily and looking at US news at 2 pm, i think US has not recovered yet, so dollar should get weaker. I could be wrong. So this may cause EUR to go up. I have USDJPY sell position and will hold that. I think US will go bearish for a while now. I could be wrong. On a daily possible bullish. Trade safe. {image} {image}

Clean and tidy chart
  • #1,168,027
  • Apr 30, 2020 6:05am Apr 30, 2020 6:05am
[quote=kuroro001;12910943]{quote} You gave up the downside?[/quote. Not yet. Still i favour a drop to 1.06 level
  • #1,168,028
  • Edited 6:19am Apr 30, 2020 6:09am | Edited 6:19am
EUR/USD is in a bearish wedge pattern.

Selling anything that goes up to 1.09 as I reckon that will be the fakeout before continuing down.

I supposed we'll have to see how this ECB Presser goes.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 138 KB
You can lead a horse to water, but you can't make it drink
  • #1,168,029
  • Apr 30, 2020 6:21am Apr 30, 2020 6:21am
Quoting xkwisit2001
EUR/USD is in a bearish wedge pattern. Selling anything that goes up to 1.09 as I reckon that will be the fakeout before continuing down. I supposed we'll have to see how this ECB Presser goes. {image}
This is a bullish wedge pattern, not bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDdaily.png Size: 90 KB
  • #1,168,030
  • Apr 30, 2020 6:30am Apr 30, 2020 6:30am
Quoting Techanalyst
{quote} This is a bullish wedge pattern, not bearish. {image}
Depends how you look at it and in what sort of time... Bearish wedge short term inside of longer term bullish wedge.

Still more room to come down inside the bullish wedge so I guess we'll have to wait and see how it pans out.

EDIT: Not saying that I'm right, just that is what I see could 'possibly' happen short term. So nobody take what I'm saying as facts. Stick to your own ideas and don't let people in here affect your own analysis.

I'm sitting out until retracement of either direction
You can lead a horse to water, but you can't make it drink
  • #1,168,031
  • Apr 30, 2020 6:33am Apr 30, 2020 6:33am
Quoting xkwisit2001
{quote} Depends how you look at it and in what sort of time... Bearish wedge short term inside of longer term bullish wedge. Still more room to come down inside the bullish wedge so I guess we'll have to wait and see how it pans out.
Can you show where do you see bearish wedge on daily?
  • #1,168,032
  • Edited 6:50am Apr 30, 2020 6:36am | Edited 6:50am
Quoting Techanalyst
{quote} Can you show where do you see bearish wedge on daily?
I didnt say daily - my chart above was based off the 4HR.

If I WERE to follow my indicators then it's coming down as per arrows and my custom macd crossover.

Looks just like the first bearish wedge happening again.

Your bullish wedge would still be intact though.

We'll see anyways

- Dre.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 30 KB
You can lead a horse to water, but you can't make it drink
  • #1,168,033
  • Apr 30, 2020 7:01am Apr 30, 2020 7:01am
This market is very choppy! What a bad week this has turned out to be for EURUSD!
Learn from your mistakes and march on.
  • #1,168,034
  • Apr 30, 2020 7:03am Apr 30, 2020 7:03am
Monetary policy decisions 0.00%. EUR bullish.
  • #1,168,035
  • Apr 30, 2020 7:04am Apr 30, 2020 7:04am
Quoting here2there
This market is very choppy! What a bad week this has turned out to be for EURUSD!
Hehe
  • #1,168,036
  • Apr 30, 2020 7:09am Apr 30, 2020 7:09am
Quoting Techanalyst
Monetary policy decisions 0.00%. EUR bullish.
Lets see what miss Lagarde has to say
COT: The precious data ignored
  • #1,168,037
  • Apr 30, 2020 7:10am Apr 30, 2020 7:10am
very difficult market.H4 cant drop now it can drop till 1.08 but it rise again,but daily i look line daily-daily is not good for eur-line of daily went up and crossed middle channel up but eur didnt go,so in daily(as i understand) eur go down once again
  • #1,168,038
  • Apr 30, 2020 7:13am Apr 30, 2020 7:13am
Last chart from me.

Red and Blue vertical lines are my macd crossover on 4HR... every trade in that period will be buy or sell.

I'm anticipating with the last RED vertical line that it'll go bearish soon.

This market is dodgy anyways so we can only wait and see what the market makers fancy.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 103 KB
You can lead a horse to water, but you can't make it drink
  • #1,168,039
  • Apr 30, 2020 7:14am Apr 30, 2020 7:14am
Quoting viktoriaxz
very difficult market.H4 cant drop now it can drop till 1.08 but it rise again,but daily i look line daily-daily is not good for eur-line of daily went up and crossed middle channel up but eur didnt go,so in daily(as i understand) eur go down once again
That's what my point is. Daily trend turns reversal for south
  • #1,168,040
  • Apr 30, 2020 7:16am Apr 30, 2020 7:16am
no this is not south another down -maybe till 1.06
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