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EURUSD only

  • #112,661
  • Jul 21, 2020 5:16am Jul 21, 2020 5:16am
Short 1.14527
  • #112,662
  • Edited 5:54am Jul 21, 2020 5:39am | Edited 5:54am
Target ON ...if (price UP) BUY EU is 1.150/1.1516, if price going down so Target ON ... SELL is 1.1377
and PIVOT is 1.14470

and resistance to breakout is 1.14704
support to breakdown is 1.14236
The Average Discount Everything
  • #112,663
  • Jul 21, 2020 5:54am Jul 21, 2020 5:54am
Quoting Traderview
If the bull rally is true, the market should be trading above 1.1480. Careful with bulls. I think market already priced in and maybe it's moving sideways.
If you think a sideways move means that the event is priced in check how the market reacted after Macron defeated Le Pen in April/May 2017. After an initial jump EURUSD traded sideways for a few days before starting a long term rally. Such news is not digested immideately but rather slowly through flows. But if anything is for sure then it is the fact that the breakup risk of the eurozone just decreased markedly and that this will allow for a huge risk premium to be eaten slowly.
Another day, another dollar.
  • #112,664
  • Jul 21, 2020 6:14am Jul 21, 2020 6:14am
Quoting Traderview
{quote} It's just range bound right now. It's between 1.1451 - 1.1416. Just 35 pips before the NY open. But it will tease by moving up to 1.1460. IMO, for bears, 1.1424 and 1.1416. For bulls, above 1.1451 and 1.1480 For bulls, 1.1480. Unless until we see this level, bulls will be in between hard and rock position. For bears, 1.1416, a step down. they dont have to achieve anything. Lets see. Time will tell.
Entered short @1.1459
SL today's high
Tp open
  • #112,665
  • Jul 21, 2020 6:24am Jul 21, 2020 6:24am
Quoting nic9man
{quote} If you think a sideways move means that the event is priced in check how the market reacted after Macron defeated Le Pen in April/May 2017. After an initial jump EURUSD traded sideways for a few days before starting a long term rally. Such news is not digested immideately but rather slowly through flows. But if anything is for sure then it is the fact that the breakup risk of the eurozone just decreased markedly and that this will allow for a huge risk premium to be eaten slowly.
The news is in the price, traders priced it more than a month ago when it was first announced.
When you see it, BET big.
  • #112,667
  • Jul 21, 2020 6:30am Jul 21, 2020 6:30am
We could see an increase in volatility on the downside.
When you see it, BET big.
  • #112,668
  • Jul 21, 2020 6:30am Jul 21, 2020 6:30am
Ranges like that mostly end badly ,lol.
When you see it, BET big.
  • #112,669
  • Jul 21, 2020 6:38am Jul 21, 2020 6:38am
Quoting Rennaissance
{quote} The news is in the price, traders priced it more than a month ago when it was first announced.
I disagree with you. Traders might have positioned themselves long ago, but this does not mean that the news will not impact the price anymore. The direction of least resistance is now upwards because political risk associated to the euro have disappeared. This will keep driving the long term trend for months as a result of steady euro demand from real money players. The market cannot digest this immediately as the long-term price is shaped by real flows which are steady and slow.
Another day, another dollar.
  • #112,670
  • Jul 21, 2020 6:52am Jul 21, 2020 6:52am
Quoting nic9man
{quote} I disagree with you. Traders might have positioned themselves long ago, but this does not mean that the news will not impact the price anymore. The direction of least resistance is now upwards because political risk associated to the euro have disappeared. This will keep driving the long term trend for months as a result of steady euro demand from real money players. The market cannot digest this immediately as the long-term price is shaped by real flows which are steady and slow.
THE REAL MONEY PLAYERS, seize the opportunity before anyone else. That's what makes them biggie.

And I dont trade based on fundamentals. But to throw some information on this, the move didn't happen because i think, it is fairly expected event and a lot need to be done but US is already in the place another round of stimulus.

And the intraday wise, if the daily closed below 1.1416 and better 1.1409 then bears won the match and a close above 1.1460 and better 1.1480 it goes to bulls.
  • #112,671
  • Jul 21, 2020 7:26am Jul 21, 2020 7:26am
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 21.07.2020 at 14.23.png Size: 99 KB
  • #112,672
  • Jul 21, 2020 8:04am Jul 21, 2020 8:04am
Quoting bugsbunny110
Short 1.14527
SL on entry
  • #112,673
  • Jul 21, 2020 8:16am Jul 21, 2020 8:16am
... https://www.forexfactory.com/showthr...8#post13065788
==================
still sell:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 wt.png Size: 64 KB
  • #112,674
  • Jul 21, 2020 9:03am Jul 21, 2020 9:03am
Crazy bears of DXY, will it drop to 94.60?
USDX has lost its power to climb up, have no idea when reversal will happen. Almost 1 month drop after it's peak at 97.80 on 30 June last month. I noticed that this condition similiar when it's happened on February.
Crazy market every day.
  • #112,675
  • Jul 21, 2020 9:41am Jul 21, 2020 9:41am
A triangle has formed at this level on a H1 chart and if we get a break out candle, this baby might continue higher breaking the 1.1500 level, therefore comfirming a new Daily Uptrend.

Bulls look strong.
  • #112,676
  • Jul 21, 2020 9:44am Jul 21, 2020 9:44am
Nice Long stands.
Make it Green
  • #112,677
  • Jul 21, 2020 9:59am Jul 21, 2020 9:59am
Quoting louisfx
Will not touch short button
Just like that days of Noah.
Make it Green
  • #112,678
  • Jul 21, 2020 10:07am Jul 21, 2020 10:07am
The moment majority agrees with bias of louisfx it will drop

Stay Green
Focus only on what truly matters!
  • #112,679
  • Jul 21, 2020 10:10am Jul 21, 2020 10:10am
Short @ 1,14886, SL 7 pips, TP open
  • #112,680
  • Jul 21, 2020 10:11am Jul 21, 2020 10:11am
Sold @1.14888
TP open
SL open

I still feel this is overbought. i expect to close the order in next 4 days.

Note: Sell @1.1461 is still active
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