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EURUSD only

time to sell EU to complete cycle of retracement ... after retracement complete then buy again
Follow price direction
So many fortune tellers believing in strong bulls giving up all of a sudden here? The is no bloody sign of this bullish madness weaking so far, is there? I can understand this "what goes up, must come down" anxiousness rising, but just why don't you just chill out and follow the trend, which probably is buying close to the bottom of ocassional price dips for now?
  • #112,743
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  • Edited 3:44am Jul 23, 2020 3:20am | Edited 3:44am
trend still bullish but time to complete corecction ... that is about smart money want ... not what retail traders want ..... the market belongs to smart money and does not belong to the retail trader ... but sometimes the retail trader feels the market is his, but it is not ... retail traders sometimes are too greedy and become a disease in the market ... so smart money feels awkward seeing excessive actions from retail traders ... retail traders only ride in markets created by smart money .... the forex market also talks about the lives of many people in a country, so it is not possible just the desire of a group of people to live a lot of people in a country ... life needs harmony to maintain survival ..... like the thing when brexit appeared ... many harmony steps were made to avoid rush in the eyes of the euro and gbp ... still remember ... so brexit did not cause financial turmoil in the euro and gbp
Follow price direction
I shorted @1.1582

TP 1.1540

SL 20 pips.

Expecting it to touch 1.1538 and possibly to 1.1525 which is Tuesday's close. A weekly close below 1.15, is a bearish scenario.

IMO, the week would circle between 1.15 -16. We might see above 1.16 during the month end.

Lets see.
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Buy mode again.....
Quoting Rennaissance
{quote} Never short too early. So much money is lost this way.
You are damn right. i got in too early and lost entire two weeks profits.

Recouped some of it by trading the 1.157-1.159 range. selling anything above 159 and buying anything below 157
Leg pulling in the euro parliament
Quoting Ata-Turkoglu
Weekly Status Based on Magnetics There is no violation (candle close below) weekly trendline yet (Steep blue TL on chart)! In other words Euro flows in a "fully bully" river because Germany acted extremely generous. Imagine as if Merkel bought all EU members a luxury super car! The stimulus of all those corrupted leaders must be high AF now, since with this move they can clean up their dirty laundry for some time.. Magnetic bull target sits around 1.1755! Magnetic main support sits around 1.1435! I hope it helps.. Stay Green {image}
I agree to the technical part. In my opinion the breakout above 1.15 was a big hurdle and should usually continue until a big squeeze ends in an inverted hammer which could touch the 1.1755 you mentioned.

I was just wondering about your positioning which you did not mention. Are you on the sidelines if I may ask, and if yes what are you waiting for?
Another day, another dollar.
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 02:00.

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


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Quoting nic9man
{quote} I agree to the technical part. In my opinion the breakout above 1.15 was a big hurdle and should usually continue until a big squeeze ends in an inverted hammer which could touch the 1.1755 you mentioned. I was just wondering about your positioning which you did not mention. Are you on the sidelines if I may ask, and if yes what are you waiting for?
Thanks.. Overall I am still long but I started scalping short as well (quick in and outs)! Check out my H4 chart below and see why I stay away from selling! Especially look how candles still rise away from nearest support level: 1.1577 and from purple ascending trendline! For now I only see continuously new bullish breakouts and my bird nests (yellow areas) are also supportive.. Once bears show up we will know because candles will begin to violate these spots.. I hope it clarifies..

Stay Green
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Be a seer, not a looker!
Quoting Ata-Turkoglu
{quote} Thanks.. Overall I am still long but I started scalping short as well (quick in and outs)! Check out my H4 chart below and see why I stay away from selling! Especially look how candles still rise away from nearest support level: 1.1577 and from purple ascending trendline! For now I only see continuously new bullish breakouts and my bird nests (yellow areas) supporting.. Once bears show up we will know because candles will begin to violate these spots.. I hope it clarifies.. Stay Green {image}
Ok thanks! Could you share when you liquidate longs please if you don‘t mind? Because I am starting to look for good liquidation areas, but think it is a little bit too early yet as we just broke 1.15 and it has not yet looked like a major squeeze was going on.
Another day, another dollar.
Quoting Ata-Turkoglu
{quote} Thanks.. Overall I am still long but I started scalping short as well (quick in and outs)! Check out my H4 chart below and see why I stay away from selling! Especially look how candles still rise away from nearest support level: 1.1577 and from purple ascending trendline! For now I only see continuously new bullish breakouts and my bird nests (yellow areas) are also supportive.. Once bears show up we will know because candles will begin to violate these spots.. I hope it clarifies.. Stay Green {image}
Ata Brother Salam
where is your taking profit setting for today? just wanted to know
Quoting Lcky
{quote} Ata Brother Salam where is your taking profit setting for today? just wanted to know
I mentioned that overall bull target sits at 1.1755 (based on weekly).. Until then I have no short-term target and I keep trailing my SL based on H1. Currently my SL sits at 1.1566.. If I get stopped out so be it then I would try to re-enter long based on how strong supportive areas are and based on touches to Dashed-TL on H1.. Rinse and repeat..

Stay Green
Be a seer, not a looker!
Quoting Ata-Turkoglu
{quote} I mentioned that overall bull target sits at 1.1755 (based on weekly).. Until then I have no short-term target and I keep trailing my SL based on H1. Currently my SL sits at 1.1566.. If I get stopped out so be it then I would try to re-enter long based on how strong supportive areas are and based on touches to Dashed-TL on H1.. Rinse and repeat.. Stay Green
Thank you so much I appreciate
Quoting Lcky
{quote} Thank you so much I appreciate
Only for today I believe if candles can't even touch 1.1614 it would mean bullish weakness for tomorrow and the start of minor correction! So for those who keep their longs it would be wise to watch how bulls behave at 1.1614!

Stay Green
Be a seer, not a looker!
Quoting Ata-Turkoglu
{quote} Only for today I believe if candles can't even touch 1.1614 it would mean bullish weakness for tomorrow and the start of minor correction! So for those who keep their longs it would be wise to watch how bulls behave at 1.1614! Stay Green
thanks a lot it is really helpful.
Buy: 1.1560 down to 1.1550
SL: 1.1540
TP: 1.1640
Risk/reward: 4:1

it very well go above 1.1640 but I wanted to keep objective reasonable. If it brakes below 1.1550 then i would be looking to buy around 1.15.
if we lose 1.15 i would move to sidelines.
Brian_FX
Different opinions!!!
Eventually
In 4-hr timeframe
candles is bulish or bearish???
Thanks to all
Short 1.1580-1.15995, stop 1.1610, target: 1.1441:
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Quoting gem.stocks
Short 1.1580-1.15995, stop 1.1610, target: 1.1441: {image}
Also DXY bearish 5 waves is completed, starting bullish wave on 1H, safe to short all US pairs and gold also.
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