Attachments: EURUSD only

EURUSD only

#108,821
May 7, 2020 9:38am May 7, 2020 9:38am

Austyno
Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,236 Posts

Quoting Austyno

Disliked

Am I the only one here praying for a spike to 1.08180 area... Didn't buy though

Ignored

And my prayer was answered

Risk comes from not knowing what to do

#108,822
May 7, 2020 10:03am May 7, 2020 10:03am

Compound
Joined Jan 2014 | Status: Stranger | 306 Posts

The EURUSD cycle closes with the movement of 253 PIP, if today's price goes down the cycle I will update. I waited for Friday to see signs of further movement

The next cycle is likely to go to 1.06650 - 1.06150 if the correction is at fibo 61.8

If the trend turns bull, aim 1.10146-1.10646

The resistance point that needs to be considered in the price range of 1.085x could be the first correction point

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There is no perfect system

#108,823
May 7, 2020 10:27am May 7, 2020 10:27am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,379 Posts

Quoting Mitiblotch

Disliked

Long 1.0800. SL 40 pips. I need a break above 1.0810. Please remember this is still a downtrend.

Ignored

Close the last one here at 1.0815. Maybe there'll be other buy opportunities tomorrow.

#108,824
May 7, 2020 10:46am May 7, 2020 10:46am

HumzahJ
Joined Mar 2019 | Status: Up and coming trader | 281 Posts

Anyone selling round here?
or do you think its going to continue

#108,825
May 7, 2020 10:53am May 7, 2020 10:53am

belon
Joined Aug 2016 | Status: Trader | 698 Posts

... https://www.forexfactory.com/showthr...1#post12922001

imo sell:

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#108,826
May 7, 2020 10:55am May 7, 2020 10:55am

MarketPatrol
Joined Nov 2019 | Status: Chart Artista | 569 Posts

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Watching... 1.08120
I think a bullish base at this level will be good for a buy

BARAK

#108,827
May 7, 2020 11:00am May 7, 2020 11:00am

Fxminer
| Joined Feb 2019 | Status: Trader | 479 Posts

Quoting Fxminer

Disliked

Closed Sell, Buy a lot at : 0805-0813 for 50 pips

Ignored

Add Short : 0860-0862, for 40 pips

#108,828
May 7, 2020 11:17am May 7, 2020 11:17am

macdulio
Joined Oct 2013 | Status: Trader | 1,079 Posts

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#108,829
May 7, 2020 11:34am May 7, 2020 11:34am

Austyno
Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,236 Posts

Quoting belon

Disliked

... https://www.forexfactory.com/showthr...1#post12922001 imo sell: {image}

Ignored

Exactly what I have in mind bro

Risk comes from not knowing what to do

#108,830
May 7, 2020 11:35am May 7, 2020 11:35am

Austyno
Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,236 Posts

Quoting HumzahJ

Disliked

Anyone selling round here? or do you think its going to continue

Ignored

Tomorrow the sell off continues and it's going to be a big one(bearish engulfing candle)

Risk comes from not knowing what to do

#108,831
May 7, 2020 11:45am May 7, 2020 11:45am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,312 Posts

H1 Status Update (Hygienic Version)

Selling? Nope... I am into buying since: 1.0803

Nearest support is now. 1.0815 area..

Stay Green

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Focus only on what truly matters!

#108,832
May 7, 2020 11:46am May 7, 2020 11:46am

Traderview
Joined Sep 2017 | Status: Trader | 4,501 Posts

Quoting Traderview

Disliked

{quote} Worked very well. Near projection is, 4hr closes above 1.0815, bulls will have control up to 1.0842. On downside, A 4hr closes below 1.0787, bears will take control and move up to 1.0760. Expecting the daily close above @1.0807 But the bear rejection at 1.0780 monthly support, have developed a trend line for bulls on 4hrs. This could have been contained or not, i dont know. The daily closes of today and tomorrow would have become narrowed, then again the upside is very visible. Trade safe and Stay safe.

Ignored

Worked as charm. Bought right after the indecision bearish candle @1.0777. Closed @ 1.0830. In 15 minute, i was watching it very closely and it was clearly visible. The risk as well very low. Right now i expect 1.0812 holds. Expecting the market to close around 1.0812 - 1.0820. But a close below 1.08, which would give more strength to bears.

Now the elephant in the room, 1.0845 - 10860. Even if we dont see a big move such as above 1.09, as long as weekly closes above this jackass level 1.0845 - 1.0865, bulls will make it to 1.09 - 1.10 next week.

For bears, weekly close below 1.0778.

Lets see. Time will tell.

Trade safe and stay safe.

#108,833
May 7, 2020 11:55am May 7, 2020 11:55am

Traderview
Joined Sep 2017 | Status: Trader | 4,501 Posts

Quoting Austyno

Disliked

{quote} Tomorrow the sell off continues and it's going to be a big one(bearish engulfing candle)

Ignored

If we see the market trading around 1.0824 - 1.0836 during the NFP, i dont think we will see a bearish candle but a bullish one.

#108,834
May 7, 2020 12:59pm May 7, 2020 12:59pm

Compound
Joined Jan 2014 | Status: Stranger | 306 Posts

Quoting Traderview

Disliked

{quote} Worked as charm. Bought right after the indecision bearish candle @1.0777. Closed @ 1.0830. In 15 minute, i was watching it very closely and it was clearly visible. The risk as well very low. Right now i expect 1.0812 holds. Expecting the market to close around 1.0812 - 1.0820. But a close below 1.08, which would give more strength to bears. Now the elephant in the room, 1.0845 - 10860. Even if we dont see a big move such as above 1.09, as long as weekly closes above this jackass level 1.0845 - 1.0865, bulls will make it to 1.09 - 1.10 next...

Ignored

Good observation, my friend.

just my opinion
It looks like it will rise once again on Friday. If it goes up, I'll sell at the highest point. but on the contrary, if Friday the price drops, I will buy the lowest point.

I will wait for the opening of the New York market or the closing of the London market

There is no perfect system