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EURUSD only

  • #112,061
  • Jul 8, 2020 3:43am Jul 8, 2020 3:43am
This News has pumped up the euro 3 times

now people also understand please pump in the money in the economy not only just news
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  • #112,062
  • Jul 8, 2020 3:59am Jul 8, 2020 3:59am
Quoting Wavegarrick
{quote} Ok Guys. My current view is that we remain bullish. I have bought the pullback towards my descending trend line. Bulls have a lot of work to do still. A break of my little descending trendline could seal the deal. Nothing cast in stone at this point and I could be wrong. Trade safe Cheers. {image}
Hi Guys,
I am getting this sinking feeling that time is running out for bulls. If we don't have a powerful break above my little descending trend line soon I am afraid it could swing back down again. I am already getting bearish signals with my indicators, but the most telling indication for me is that we could be going through a sequence of daily lower highs and lows again. A new daily low below yesterdays low at 1.12586 ish could spell the end of bull power. Not that we have seen much of it LOL

Down below at 1.1230 ish we have strong support with price bouncing around that area for weeks.

Not easy trading Guys
Trade safe
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Trade to trade another day
  • #112,063
  • Jul 8, 2020 4:07am Jul 8, 2020 4:07am
Short @1.1285

TP 1.1245.

SL 1.1303

This is based on 4hrs.

The break below 1.1268 and after that 1.1261 is crucial for bears.

This 4hr closed as undecided. It could go either way. But right now we night be in sideways between 1.1293 - 1.1268 until New york.

In DXY, there's bullishness. But it has to break above 97.02 which is very very important pivot for dollar bulls.

Lets see
  • #112,064
  • Jul 8, 2020 4:14am Jul 8, 2020 4:14am
I personally an looking for higher prices. I very well could be wrong...

Long idea
Buy: 1.1275
SL: 1.1260
TP: 1.1360
Risk:15 pips
reward: 85 pips
Brian_FX
  • #112,065
  • Jul 8, 2020 4:18am Jul 8, 2020 4:18am
Please consider taking a look at my Weekly Market Update.
I provide trading ideas with potential stops and targets.

DXY starts at 0:03.
EUR/USD starts at 04:08.

I upload weekly analysis every Sunday and daily analysis from TUE to FRI.

Inserted Video
  • #112,066
  • Jul 8, 2020 4:22am Jul 8, 2020 4:22am
Weekly Outlook

Two similar situations where we witness a "cup" formation.. The earlier one was direct and we could see a clear and quick drop back to point 1.. However in the recent one there is a lot of hesitation to reach point 1 (1.1495).. So, intraday wise we must wait for a clear breakout from current trendline (black upwards arrow on chart) to begin thinking bearish.. In other words: On this timeframe situation is maybe hesitant but still bullish..

I hope it helps..

Stay Green
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Focus only on what truly matters!
  • #112,067
  • Jul 8, 2020 4:24am Jul 8, 2020 4:24am
If this 1hr closes below 1.1271, then the next swing high would be 1.1277 to add shorts.
  • #112,068
  • Jul 8, 2020 4:40am Jul 8, 2020 4:40am
Quoting Ata-Turkoglu
Weekly Outlook Two similar situations where we witness a "cup" formation.. The earlier one was direct and we could see a clear and quick drop back to point 1.. However in the recent one there is a lot of hesitation to reach point 1 (1.1495).. So, intraday wise we must wait for a clear breakout from current trendline (black upwards arrow on chart) to begin thinking bearish.. In other words: On this timeframe situation is maybe hesitant but still bullish.. I hope it helps.. Stay Green {image}

Mmh, I usually do not analyse charts, but your comparison here does not match imho. Did you consider the inverted hammer candles from the previous 6 weeks? They suggest everything, but no bullish momentum. Especially as they did not occur that way in your comparison example from February.

But what do I know.
  • #112,069
  • Jul 8, 2020 4:49am Jul 8, 2020 4:49am
Quoting Traderview
Short @1.1285 TP 1.1245. SL 1.1303 This is based on 4hrs. The break below 1.1268 and after that 1.1261 is crucial for bears. This 4hr closed as undecided. It could go either way. But right now we night be in sideways between 1.1293 - 1.1268 until New york. In DXY, there's bullishness. But it has to break above 97.02 which is very very important pivot for dollar bulls. Lets see
But why would you close at 45, this is no longer part of the current range, hence if it reaches 45 it would probably go much lower as part of a range breakout.
Another day, another dollar.
  • #112,070
  • Jul 8, 2020 4:56am Jul 8, 2020 4:56am
Quoting Drolph
{quote} Mmh, I usually do not analyse charts, but your comparison here does not match imho. Did you consider the inverted hammer candles from the previous 6 weeks? They suggest everything, but no bullish momentum. Especially as they did not occur that way in your comparison example from February. But what do I know.
Duly noted..

Stay Green
Focus only on what truly matters!
  • #112,071
  • Jul 8, 2020 5:02am Jul 8, 2020 5:02am
Quoting nic9man
{quote} But why would you close at 45, this is no longer part of the current range, hence if it reaches 45 it would probably go much lower as part of a range breakout.
The important range is 1.1265 -1.1245. it could go maybe 1.1240. But i think there'll be a bounce up to 1.1253. After and when i see a 30ins closes back below 1.1248 - 1.1245, i'll enter again.
  • #112,072
  • Jul 8, 2020 5:05am Jul 8, 2020 5:05am
Quoting Drolph
{quote} Mmh, I usually do not analyse charts, but your comparison here does not match imho. Did you consider the inverted hammer candles from the previous 6 weeks? They suggest everything, but no bullish momentum. Especially as they did not occur that way in your comparison example from February. But what do I know.
Yes. You are right. The inverted hammers do tell us the Bearishness. But we haven't seen a daily close below 1.1212 in 12 trading days. Once we've seen it then we can surely say about bear pressure. Right now we are in range bound between 1.1170 - 1.1370. This literally driving mad everyone.
  • #112,073
  • Jul 8, 2020 5:08am Jul 8, 2020 5:08am
Quoting Traderview
{quote} Yes. You are right. The inverted hammers do tell us the Bearishness. But we haven't seen a daily close below 1.1212 in 12 trading days. Once we've seen it then we can surely say about bear pressure. Right now we are in range bound between 1.1170 - 1.1370. This literally driving mad everyone.
patient
  • #112,074
  • Jul 8, 2020 5:13am Jul 8, 2020 5:13am
Quoting samidhabri
For me the top blue line that was acting as resistance has now become support. I am looking to add to my long position as long as it doesnt breach the blue line. my daily chart bias is still bullish {image}
Situation is still the same for me i.e. top blue line acting as a good support. added to my long position. bias remains bullish
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  • #112,075
  • Jul 8, 2020 5:13am Jul 8, 2020 5:13am
Quoting ursinho4711
{quote} If it stays above the 23.6% then next level would be at around 1.12500 {image} One thing I would like to note (even I am "new" in this thread): please do not just post "I bought at" "yes, closed at" without analysis. Okay, I did it also before, but I realized that the value of this thread is to see the different tools, indicators and views of the others. I really do not care how many pips John Doe made... And today's levels: {image}
Thank you for the box thread you suggested

please see the result as i told if the hours are shifted from

Day start 0 to 8 hours.

Pleasesee the result and suggest.

thanks & regards
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  • #112,076
  • Jul 8, 2020 5:32am Jul 8, 2020 5:32am
Quoting Traderview
{quote} Yes. You are right. The inverted hammers do tell us the Bearishness. But we haven't seen a daily close below 1.1212 in 12 trading days. Once we've seen it then we can surely say about bear pressure. Right now we are in range bound between 1.1170 - 1.1370. This literally driving mad everyone.
This wicked range will not survive the US presidential elections in November, regardless of their result.
  • #112,077
  • Jul 8, 2020 6:28am Jul 8, 2020 6:28am
Quoting yvestrcz
{quote} This wicked range will not survive the US presidential elections in November, regardless of their result.
I dont want this range to survive in this month. Why wait november.
  • #112,078
  • Jul 8, 2020 7:03am Jul 8, 2020 7:03am
Quoting Traderview
{quote} Yes. You are right. The inverted hammers do tell us the Bearishness. But we haven't seen a daily close below 1.1212 in 12 trading days. Once we've seen it then we can surely say about bear pressure. Right now we are in range bound between 1.1170 - 1.1370. This literally driving mad everyone.
If you search thoroughly you will find numerous occasions with misleading hammers or inverted hammers. If an inverted hammer does not happen to be a local high it tells exactly nothing. As an example take the EURNZD development from mid March 2020 to mid April 2020. We had one inverted hammer around the top which was meaningful and in the four weeks thereafter, in which the euro lost 5% vs the NZD, we had 4 hammers which were all within a downward trend and each followed by a negative day. On an inverted scale these were inverted hammers each followed by an upmove.
Another day, another dollar.
  • #112,079
  • Jul 8, 2020 7:04am Jul 8, 2020 7:04am
Quoting Traderview
{image}
I also wish that this is true....
But, let's see...
Both possibility are like 50:50

Edit:
On the meantime I scalped this 1.128 positions and get 10-20 pips...
The same as 1.124 areas
  • #112,080
  • Jul 8, 2020 7:12am Jul 8, 2020 7:12am
Quoting Griffinx
{quote} I also wish that this is true.... But, let's see... Both possibility are like 50:50 Edit: On the meantime I scalped this 1.128 positions and get 10-20 pips... The same as 1.124 areas
very good. get in and get out until break above or below 1.1268 n 1.1293
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Anonim8