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EURUSD

  • #1,169,981
  • May 16, 2020 2:06pm May 16, 2020 2:06pm
Quoting juhanimi
never understood that move up, everything was bearish, so it must be so, "they" just killed bunch of trades before move down
What it is you don't understand? The move up on Friday was due to USD news being negative. You can't just read the charts. You should combine it with other tools too. It will help with trading decisions, you will have better understanding of the market. Trade safe.
  • #1,169,982
  • May 16, 2020 2:09pm May 16, 2020 2:09pm
Quoting juhanimi
never understood that move up, everything was bearish, so it must be so, "they" just killed bunch of trades before move down
It wasn't bearish. It was bottoming all week and reversed up on thursday, the move up is pure technical, it just needed some fuel. This will go up to retest 950-1000 again.
Everyone can see the chart, but only a few can actually read it.
  • #1,169,983
  • May 16, 2020 2:11pm May 16, 2020 2:11pm
no not Friday, Wednesday up move
  • #1,169,984
  • May 16, 2020 7:24pm May 16, 2020 7:24pm
my thought is the big move comes early next week...second trading day...trade safely!

EDIT: "big" relative...considering past couple weeks
LOCK IN RE-ENTER
  • #1,169,985
  • May 16, 2020 8:41pm May 16, 2020 8:41pm
Picture tell the story.
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  • #1,169,986
  • May 16, 2020 8:49pm May 16, 2020 8:49pm
Quoting JohannB
Picture tell the story. {image}
My friend what is this
Master your mind. Master Trading.
  • #1,169,987
  • May 16, 2020 10:32pm May 16, 2020 10:32pm
Quoting OnlineAddict
{quote} It wasn't bearish. It was bottoming all week and reversed up on thursday, the move up is pure technical, it just needed some fuel. This will go up to retest 950-1000 again.
ya totally possible or... crash and burn!!! here’s the thing it’s just waiting for now it’s hugging this support level and it could either break above and retest 1000 again or break below for now we wait I’m just waiting for that moment
Master your mind. Master Trading.
  • #1,169,988
  • May 17, 2020 5:01am May 17, 2020 5:01am
Quoting princeali115
{quote} My friend what is this
Looks like the same idea as this.
Learn from your mistakes and march on.
  • #1,169,989
  • May 17, 2020 5:14am May 17, 2020 5:14am
i am Con+Fused here nowhere to go

marking 1.0800 as support for possible move to 1.0900 and back
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  • #1,169,990
  • May 17, 2020 6:59am May 17, 2020 6:59am
Quoting gatenio
imo {image}
hi guys, update post.

after we reached 0835 like i wrote previous post (and even 0850)
price retrace to 08037 (61.8% fibbo of the last low/high H1 and 50SMA)
for this Monday i think we will keep moving up to test 0850-0870 into the big drop zone (78.6% fibbo H4)
and then i will look for short.

my 2 cents for this week, stop look for the big drop, it will come.
take what market give you today.
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  • #1,169,991
  • May 17, 2020 11:56am May 17, 2020 11:56am
Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #1,169,992
  • May 17, 2020 1:12pm May 17, 2020 1:12pm
Quoting juhanimi
no not Friday, Wednesday up move
Usd PPI was negative. That is why eurusd went up on wednesday.
  • #1,169,993
  • May 17, 2020 1:38pm May 17, 2020 1:38pm
I started a new thread in the Trading Systems forum. I invite you all to participate. Here's a link: 3 Steps to Better Trading
Learn from your mistakes and march on.
  • #1,169,994
  • May 17, 2020 1:39pm May 17, 2020 1:39pm
Quoting Techanalyst
{quote} Usd PPI was negative. That is why eurusd went up on wednesday.
then it changed to positive 5 hours later, I guess, or do you know reason price came down
anyways, I am sure that was just stops taken out
  • #1,169,995
  • May 17, 2020 3:24pm May 17, 2020 3:24pm
Here's my take on the EURUSD, from the technical perspective of a swing trader. The EURUSD price action on the daily time frame is generally flat although technicals give bears a slight edge. The order flow context has been in equilibrium for several days and the recent candlestick prints have wicks at both ends. The 1.07690/1.08930 zone (magenta) is the channel for price operation, and we may not see a feasible directional momentum until the zone is significantly breached on a daily closing basis.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,169,996
  • May 17, 2020 7:18pm May 17, 2020 7:18pm
Quoting juhanimi
{quote} then it changed to positive 5 hours later, I guess, or do you know reason price came down anyways, I am sure that was just stops taken out
I think you are confused. I have explained what happened on Wednesday and Friday, if you can't understand, well you just can't understand it.
  • #1,169,997
  • May 17, 2020 8:46pm May 17, 2020 8:46pm
Quoting juhanimi
{quote} then it changed to positive 5 hours later, I guess, or do you know reason price came down anyways, I am sure that was just stops taken out
Do you really not understand what he is saying here ??
Master your mind. Master Trading.
  • #1,169,998
  • May 17, 2020 9:08pm May 17, 2020 9:08pm
can i 5take a long here with 850 exit ?
  • #1,169,999
  • May 17, 2020 11:03pm May 17, 2020 11:03pm
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yes yes yes
  • #1,170,000
  • May 17, 2020 11:26pm May 17, 2020 11:26pm
Quoting PatienceFx
can i 5take a long here with 850 exit ?
waiting for price to go down and kiss the bride [ h1 50 sma ]
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