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EURUSD only

  • #110,861
  • Jun 17, 2020 11:39pm Jun 17, 2020 11:39pm
I usualy work with weekly and daily charts. In my view EURUSD is in a bearish condition.
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  • #110,862
  • Jun 17, 2020 11:46pm Jun 17, 2020 11:46pm
Quoting pipshaman
I usualy work with weekly and daily charts. In my view EURUSD is in a bearish condition. {image}
Fair enough market is in bearish condition.. but then ask yourself this question: Why the heck intraday candles won't drop below 1.1245? Hmmm?

Stay Green
Focus only on what truly matters!
  • #110,863
  • Jun 17, 2020 11:56pm Jun 17, 2020 11:56pm
London is about to open.. price trapped between 1.1261 and 1.1245.. Let's see who wins..

Stay Green
Focus only on what truly matters!
  • #110,864
  • Jun 17, 2020 11:58pm Jun 17, 2020 11:58pm
Quoting Ata-Turkoglu
{quote} Fair enough market is in bearish condition.. but then ask yourself this question: Why the heck intraday candles won't drop below 1.1245? Hmmm? Stay Green
Hello! We need to give it time. Unfortunately the market does not move as we want or at our will, but eventualy the market will decide to go down.
On the 4 hour chart there is a clear head and shoulders formation and at one point in time the price will break to downside. We only need a good breakout bar to break the support.
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  • #110,865
  • Jun 18, 2020 12:01am Jun 18, 2020 12:01am
Quoting pipshaman
{quote} Hello! We need to give it time. Unfortunately the market does not move as we want or at our will, but eventualy the market will decide to go down. On the 4 hour chart there is a clear head and shoulders formation and at one point in time the price will break to downside. We only need a good breakout bar to break the support. {image}
Lol.. okay.. wake me up when we are below 1.1245.. Until then I stay bullish..

Stay Green
Focus only on what truly matters!
  • #110,866
  • Jun 18, 2020 12:20am Jun 18, 2020 12:20am
Quoting Ata-Turkoglu
H4 Status Update Whenever I detect a half body half wick candle "generally" price can do two things: It either retraces back near to the top of that candle and then continues the bear trend or.. It drops further right from its bottom area and with more momentum.. In either case it would be wise to stay bearish! But if you take profit or not along the road is totally up to you.. Stay Green {image}
Anyways.. for me the reason for a potential rise is the half body half wick H4 candle from yesterday.. Keep that option in mind!

Stay Green
Focus only on what truly matters!
  • #110,867
  • Jun 18, 2020 12:45am Jun 18, 2020 12:45am
Long story short: I will sell only if I see a M15 candle close below 1.1230..

Stay Green
Focus only on what truly matters!
  • #110,868
  • Jun 18, 2020 12:51am Jun 18, 2020 12:51am
I will not trade at this level, it feels like gambling, I will wait ... waiting for pictures from bro Ata
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  • #110,869
  • Jun 18, 2020 1:07am Jun 18, 2020 1:07am
Quoting dondealova
I will not trade at this level, it feels like gambling, I will wait ... waiting for pictures from bro Ata {image}
Lol.. okay.. well it is a tricky day for sure.. Normally price should just drop because we are below daily resistance: 1.1261 as you can see on chart.. BUT there are some obstacles on the bear road: 1.1245 and 1.1225 for today.. Both sides have it not easy today especially when there is not much volume.. Trade safe!

Stay Green
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Focus only on what truly matters!
  • #110,870
  • Jun 18, 2020 1:17am Jun 18, 2020 1:17am
Quoting Ata-Turkoglu
{quote} Lol.. okay.. well it is a tricky day for sure.. Normally price should just drop because we are below daily resistance: 1.1261 as you can see on chart.. BUT there are some obstacles on the bear road: 1.1245 and 1.1225 for today.. Both sides have it not easy today especially when there is not much volume.. Trade safe! Stay Green {image}
Thanks a lot bro
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  • #110,871
  • Jun 18, 2020 1:24am Jun 18, 2020 1:24am
This is last hr of this 4hr on my BRO. If this one closes below 1.1242, i'll enter shorts.
  • #110,872
  • Jun 18, 2020 1:54am Jun 18, 2020 1:54am
This 4hr candle doesn't look good for shorts.
  • #110,873
  • Jun 18, 2020 1:55am Jun 18, 2020 1:55am
From here on I think Bulls need a M15 candle close above 1.1269 and Bears need a candle close below 1.1230.. Time will tell which side wins today..

Stay Green
Focus only on what truly matters!
  • #110,874
  • Jun 18, 2020 2:01am Jun 18, 2020 2:01am
Quoting Traderview
This is last hr of this 4hr on my BRO. If this one closes below 1.1242, i'll enter shorts.
So what's ur decision... Closed below 1.12500 still entering shorts?
Risk comes from not knowing what to do
  • #110,875
  • Jun 18, 2020 2:03am Jun 18, 2020 2:03am
Quoting Traderview
This is last hr of this 4hr on my BRO. If this one closes below 1.1242, i'll enter shorts.
Didn't close below 1.1242. Looking for buys around 1.1233. The high i think limited from 1.1309 -1.1312.

I wouldn't try or keep shorts running. I'd close it and wait for the next 4hr closes below 1.1285 - 1.1270.
  • #110,876
  • Jun 18, 2020 2:08am Jun 18, 2020 2:08am
Quoting Traderview
{quote} Didn't close below 1.1242. Looking for buys around 1.1233. The high i think limited from 1.1309 -1.1312. I wouldn't try or keep shorts running. I'd close it and wait for the next 4hr closes below 1.1285 - 1.1270.
Well at this point anything can happen... I still keep my bearish bias though with a target of 1.11204
Risk comes from not knowing what to do
  • #110,877
  • Jun 18, 2020 2:10am Jun 18, 2020 2:10am
Am going fishing - this sideways price action is just meaningless to trade. Stay green everyone!
  • #110,878
  • Edited 3:24am Jun 18, 2020 2:10am | Edited 3:24am
long 1.1248
SL 10 Pips
TP open

Edit:
TP1: 1.1275
TP2: open
SL BE when price above 1.126

Edit2 (12:06):
aggressiv approach
stop buy 1/3 at 1.12625
TP: 1.13316
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #110,879
  • Jun 18, 2020 2:11am Jun 18, 2020 2:11am
H1 Status Update

Fist fight around my GREEN line.. Ordered a six pack of "redbull" for bulls.. Waiting for progress!

Stay Green
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Focus only on what truly matters!
  • #110,880
  • Jun 18, 2020 2:13am Jun 18, 2020 2:13am
Quoting Austyno
{quote} Well at this point anything can happen... I still keep my bearish bias though with a target of 1.11204
ok. But if you're n short above 1.1250, you could enter better price later. IMO, it is get in get out. For bears we need 1hr closing below 1.1233 and not much of a difference between entering 1.1242 to 1.1250 given the TP below 1.1180. Just saying
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