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  • #112,361
  • Jul 15, 2020 3:50am Jul 15, 2020 3:50am
H1 Status Update

I am witnessing some little bullish weakness for now! Thick black trendline is currently nearest support! However I will rinse and repeat buying touches to my Dashed-RED TL.. But be aware that intraday resistance is lurking at highest angled (thin) black trendline (roughly 1.1450 area)!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 30 KB
Focus only on what truly matters!
  • #112,362
  • Jul 15, 2020 3:52am Jul 15, 2020 3:52am
Please consider taking a look at my Daily Market Update.
I provide trading ideas with potential stops and targets.

DXY starts at 0:03.
EUR/USD starts at 05:02.

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

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  • #112,363
  • Jul 15, 2020 3:53am Jul 15, 2020 3:53am
15 July 2020


Expecting deeper corrective pullback towards the daily mean now, bullish price action showing hints of exhaustion across most time frames with the lower time frames already showing signs of hidden bearish divergence, most immediate support for bulls before continuation sits at that 1.13068 while im capping the bullish continuation at the 1.14605 which is the next structural high on the daily if we look at the March Highs,

short
1.14371
SL 1.14700
TP Open

Half position size as trading against trend


Green Pips
4&1 All Time Profit: $37,496
  • #112,364
  • Jul 15, 2020 4:14am Jul 15, 2020 4:14am
Quick Daily S/R Levels for Today

1.1439 is today's important resistance level! Gartley is still valid while below 1.1488 but it will be near cancellation once/if price reaches 1.1455.. Both sides must be very careful around these levels!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-Gartley.png Size: 42 KB
Focus only on what truly matters!
  • #112,365
  • Jul 15, 2020 4:18am Jul 15, 2020 4:18am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 55 KB
  • #112,366
  • Jul 15, 2020 4:28am Jul 15, 2020 4:28am
Quoting MzansiObi
15 July 2020 Expecting deeper corrective pullback towards the daily mean now, bullish price action showing hints of exhaustion across most time frames with the lower time frames already showing signs of hidden bearish divergence, most immediate support for bulls before continuation sits at that 1.13068 while im capping the bullish continuation at the 1.14605 which is the next structural high on the daily if we look at the March Highs, short 1.14371 SL 1.14700 TP Open Half position size as trading against trend Green Pips
Did you mean support at 1.1368 or as you wrote 1.13068. Thanks.
Observation is the path to discovery.
  • #112,368
  • Jul 15, 2020 4:32am Jul 15, 2020 4:32am
No offense! Posts that contain information of other pairs will get a dislike just so to hide the post since I am here to eliminate noise. It is not an actual dislike. Just a hiding action!

Stay Green
Focus only on what truly matters!
  • #112,369
  • Jul 15, 2020 5:24am Jul 15, 2020 5:24am
I am guessing many have shorted 1.1433.. I am on sidelines!

Stay Green
Focus only on what truly matters!
  • #112,370
  • Jul 15, 2020 5:38am Jul 15, 2020 5:38am
Quoting Ata-Turkoglu
I am guessing many have shorted 1.1433.. I am on sidelines! Stay Green
HI Ata,

If i recollect you were short 1.1395, were you stopped?
  • #112,371
  • Jul 15, 2020 5:54am Jul 15, 2020 5:54am
Quoting Ata-Turkoglu
I am guessing many have shorted 1.1433.. I am on sidelines! Stay Green
Hi Ata

Do you think the divergence on M15 and M30 is valid?
And do you think we're going to have a higher than 1.1450 for today ?

Cheers
  • #112,372
  • Jul 15, 2020 5:57am Jul 15, 2020 5:57am
Euro is in power today
  • #112,373
  • Jul 15, 2020 5:59am Jul 15, 2020 5:59am
Quoting Dibzoolian
{quote} Hi Ata Do you think the divergence on M15 and M30 is valid? And do you think we're going to have a higher than 1.1450 for today ? Cheers
In bullish conditions I always wait for a bear candle to close first after I spot divergence on any timeframe! Neither on M15 nor on M30 we have a bearish candle yet so divergence is not confirmed!

We must watch reaction around 1.1450 if it gets there today.. I really don't like guessing!

Stay Green
Focus only on what truly matters!
  • #112,374
  • Jul 15, 2020 6:01am Jul 15, 2020 6:01am
Quoting Ata-Turkoglu
{quote} In bullish conditions I always wait for a bear candle to close first after I spot divergence on any timeframe! Neither on M15 nor on M30 we have a bearish candle yet so divergence is not confirmed! We must watch reaction around 1.1450 if it gets there today.. I really don't like guessing! Stay Green

Thank you Ata . Got the lesson
  • #112,375
  • Jul 15, 2020 6:31am Jul 15, 2020 6:31am
This pandemic has actually weakened the dollar at the moment
  • #112,376
  • Jul 15, 2020 6:34am Jul 15, 2020 6:34am
The Long term TL on 4hrs is blocking it. If it move above it'll take us to 1.1480 and to 1.1520. But if this 4hr closes below 1.1420, then the bearishness.
  • #112,377
  • Jul 15, 2020 6:36am Jul 15, 2020 6:36am
Quoting Dibzoolian
{quote} Hi Ata Do you think the divergence on M15 and M30 is valid? And do you think we're going to have a higher than 1.1450 for today ? Cheers
I think trend maybe will continue today or tomorrow. Not sure though
  • #112,378
  • Jul 15, 2020 6:55am Jul 15, 2020 6:55am
Marking 1.1423 as nearest support on H1...

Stay Green
Focus only on what truly matters!
  • #112,379
  • Jul 15, 2020 7:06am Jul 15, 2020 7:06am
Been trying to fade but so far no beef. With minor stop outs or at breakeven.

Trend still feels very much intact and i am switching from fading mode before my account fades away to a "buy the dips" mode for now.
Let's see if it works.

Really strong dollar weakness. It isn't like the knee jerk, special news event (i.e. Trump shooting his mouth off) but a slow consistent pounding which makes it all the more scarier and sustainable.

Stay safe all.
Regards
There is no royal road to anything.
  • #112,380
  • Jul 15, 2020 7:19am Jul 15, 2020 7:19am
Quoting lucky1359
Seing the Bulls move i feel resistance is at 1.1450 / 55
Till Now the Bulls have respected the fibo resistance but bulls are bulls
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