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EURUSD

  • #1,170,861
  • May 27, 2020 5:00am May 27, 2020 5:00am
Quoting LifeTrading
{quote} Who did not enter from the levels 1.0971 and 1.0980, levels 1.0953 and 1.0962 may be used for short entries. {image}
Having fulfilled target of 1.0941, continue further up, the reversal zone (target) is at levels 1.1022 and 1.1050.
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  • #1,170,862
  • May 27, 2020 5:02am May 27, 2020 5:02am
People still thinking about reversal. I dont know how you see it but becareful. If You hoping for reversal tht means your mind see an up trend.. so why not buy?? Rather than going against..
Trade what you see, take what the market gives you.
  • #1,170,863
  • May 27, 2020 5:14am May 27, 2020 5:14am
Good I exited at this level. I some how was hoping to go further down, but was not convinced. Still took a good profit.
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  • #1,170,864
  • May 27, 2020 5:16am May 27, 2020 5:16am
people were interested in sell but i was looking for buy and you know what happened

waiting for pullbak
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pullback happened
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entry chat
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Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,170,865
  • May 27, 2020 5:22am May 27, 2020 5:22am
Will it break this supply level, or will it reverse and go back down? Will have to keep watching on lower time frames, to confirm either buy or sell.
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  • #1,170,866
  • May 27, 2020 5:23am May 27, 2020 5:23am
Quoting Techanalyst
Will it break this supply level, or will it reverse and go back down? Will have to keep watching on lower time frames, to confirm either buy or sell. {image}
i think it will break ...
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,170,867
  • May 27, 2020 5:27am May 27, 2020 5:27am
Also I remember weeks if not months ago, I posted this on a monthly, demand zone was respected and will hold. I did not buy because, I had other positions open on other currencies, but also because of covid-19, I thought it was going to break further down. It did not, strong demand imbalance was respected and is holding. EURUSD possibly bullish for a longer time.
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  • #1,170,868
  • May 27, 2020 5:32am May 27, 2020 5:32am
For the pure price action traders, here is a concern here

Check all the monthly wicks...

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COT: The precious data ignored
  • #1,170,869
  • May 27, 2020 5:34am May 27, 2020 5:34am
Quoting kuroro001
For the pure price action traders, here is a concern here Check all the monthly wicks... {image}
if weekly close above 1.1000 area then wait for more up moves
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,170,870
  • May 27, 2020 5:35am May 27, 2020 5:35am
Take a look at the weekly, the last two candles, very bullish. I think EURUSD is in a bullish for a longer time. Let's see how it plays out.
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  • #1,170,871
  • May 27, 2020 5:42am May 27, 2020 5:42am
Quoting Techanalyst
Take a look at the weekly, the last two candles, very bullish. I think EURUSD is in a bullish for a longer time. Let's see how it plays out. {image}
agree with you .. today move is first move for up side , wait for the pullback if it stays up then i think trend is change and we are up now
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,170,872
  • May 27, 2020 5:43am May 27, 2020 5:43am
EU had a great upside ride, a close above 1.1000 today can give us 1.1055 and 1.1100.
Looking for profitable short term trades ...|
  • #1,170,873
  • May 27, 2020 5:50am May 27, 2020 5:50am
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yes yes yes
  • #1,170,874
  • May 27, 2020 5:51am May 27, 2020 5:51am
#EURUSD / H4 & H1
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  • #1,170,875
  • May 27, 2020 6:15am May 27, 2020 6:15am
Quoting here2there
{quote} I agree. But I feel the need to add something to what you said here. People who do go out of their way to try to answer questions, offer guidance where they are able, and post charts with explanations for the purpose of giving noobs a free education, should be given respect. For like you say, they don't have to if they don't want to. But I like to think they do so because they are generous and caring. It's unfortunate there are some who look upon people like this with a suspicious eye and do not show appreciation for such acts of kindness....
Hey I remember you mentioning market profile. I downloaded the indicator, but not sure how to use it as for trading. I just want to give it a try. Can you please explain it to me what I am looking at this chart, and how do you know where to buy/sell? Thank you.
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  • #1,170,876
  • May 27, 2020 6:22am May 27, 2020 6:22am
Quoting Techanalyst
Good I exited at this level. I some how was hoping to go further down, but was not convinced. Still took a good profit. {image}
hi Techanalyst, what is that indicator you use? where can i get it? thanks

*the support and resistance
Rise or fall....a better me!
  • #1,170,877
  • May 27, 2020 6:27am May 27, 2020 6:27am
My take on the current EURUSD is summarized in the chart below. I'm bullish bias as long as 1.09900 broken resistance turns a support.
See my chart down here:
https://www.tradingview.com/x/tEqx1Agx/
  • #1,170,878
  • May 27, 2020 6:27am May 27, 2020 6:27am
Quoting Bororo
{quote} hi Techanalyst, what is that indicator you use? where can i get it? thanks *the support and resistance
Hi;

It's a rectangle reader. Supply/demand, it helps when you draw supply/demand level. Looking up is a supply zone, looking down is a demand zone. Look up set and forget and it will lead you on that website. It will be there, it is a free indicator.
  • #1,170,879
  • May 27, 2020 6:41am May 27, 2020 6:41am
Got my share on EU
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Watch me trade Live on YouTube
  • #1,170,880
  • May 27, 2020 6:49am May 27, 2020 6:49am
Does anyone know why currencies trade within a fixed daily range under normal circumstances? While we all know, without a doubt, that currencies (not just currencies but stocks, futures, commodities, etc) tend to trade within their historical daily ranges, what's to stop them from trading within a 150 pips range today and a 20 pips range tomorrow?

12 years ago, when I first started fx trading, euro's average daily range was 100-120 pips. Dollar Yen's was 80-100 pips. And you would see Euro Yen and Pound Yen averaging 150-180 pips. Wow good times. With the fall in volatility, the daily ranges have decreased by a good 20% over the years.

What's the reason for currencies falling in line so systematically? Is it the human need for familiarity and control? Is it a self fulfilling prophecy? Well for some currencies, we see government intervention. But for other non manipulated (at least what we would like to believe) currencies like euro, pound, etc, they move and trade as a result of market forces and market participants. Even if there's outflow of money from the fx markets to crypto or equities, volume don't fully account for that.

Anyone with insights? Would love to hear different perspectives.
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