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EURUSD only

  • #113,021
  • Jul 30, 2020 7:57am Jul 30, 2020 7:57am
EU not holding for this month without testing around 1.1830, be warned
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #113,022
  • Jul 30, 2020 8:21am Jul 30, 2020 8:21am
very exciting seeing battle buyer contra seller on tf m1, with psychology level 1.18 as the ultimate resistance ... exactly the FED and big banks (selling) is the winner
The Average Discount Everything
  • #113,023
  • Jul 30, 2020 10:02am Jul 30, 2020 10:02am
Embedded overbought
  • #113,024
  • Jul 30, 2020 10:07am Jul 30, 2020 10:07am
I just closed my long position at 1.1816.. Done for the day.. Will wait on sidelines until I see the next big move of market..

Stay Green
Focus only on what truly matters!
  • #113,025
  • Jul 30, 2020 10:21am Jul 30, 2020 10:21am
Quoting SFundamental
{quote} Obviously, the US is a mess right now.....hence the reason for selling dollars Sold after the FOMC as the expectation was a very dovish Fed..... They are rotating elsewhere but........they still have a lot to do
From looking at what has been happening elsewhere- they have adjusted the end of month using other asset classes, so I don't think it will happen....such a shame
Candles are the EURUSD...
Never seen them do so much of that before.
Perhaps the fact that Citi did not advise .....said it all
Attached Image (click to enlarge)
Click to Enlarge Name: Book-Balancing.png Size: 108 KB
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #113,026
  • Jul 30, 2020 10:34am Jul 30, 2020 10:34am
Closed the long @1.1823. The order was 1.1776. The sl was just 6 pips. If i had seen the 15 min close below 1.1770, i would have closed this and went short. A handy 47 pips.

As i said in the morning, for bears, no 4hr should close above 1.1773, up until trump news. If the bears are true the weekly will try to close below 1.1773 and better @1.1752.

For bulls above 1.1780 and better @1.1802.
  • #113,027
  • Jul 30, 2020 10:35am Jul 30, 2020 10:35am
I'm looking @1.1852 to go short.

Lets see.
  • #113,028
  • Jul 30, 2020 10:49am Jul 30, 2020 10:49am
Early signs of a new long wave.. 1.1809 is now potential support on H1.. Crazy but we can keep buying

Stay Green
Focus only on what truly matters!
  • #113,029
  • Jul 30, 2020 10:54am Jul 30, 2020 10:54am
Attached Image
  • #113,030
  • Jul 30, 2020 10:54am Jul 30, 2020 10:54am
all indicator until tf h4 is devergence and overbought
The Average Discount Everything
  • #113,031
  • Jul 30, 2020 11:08am Jul 30, 2020 11:08am
Quoting Ata-Turkoglu
Early signs of a new long wave.. 1.1809 is now potential support on H1.. Crazy but we can keep buying Stay Green
I think it's from 1.1802.
  • #113,032
  • Jul 30, 2020 11:21am Jul 30, 2020 11:21am
I think we need to see another retest of the 1.177 area before heading much higher.
  • #113,033
  • Jul 30, 2020 11:21am Jul 30, 2020 11:21am
In my analysis the next technical stop is 1.1880 and this would actually complete the wave (upper channel resistance).
It's amazing that the market seeminlgy just went through this ultra long resistance line coming from 2008 which many traders were watching. This gives potential for a further squeeze. I heard that many real players (exporting companies) were underweight euro for a long time and are getting squeezed now, i.e. they need to convert their USD holdings quickly in order to mitigate FX losses. Typical repatriation of money, you all know from the JPY which dynamics this can take, it is a strongly self-enforcing process.
Another day, another dollar.
  • #113,034
  • Jul 30, 2020 11:25am Jul 30, 2020 11:25am
Quoting SFundamental
{quote} From looking at what has been happening elsewhere- they have adjusted the end of month using other asset classes, so I don't think it will happen....such a shame Candles are the EURUSD... Never seen them do so much of that before. Perhaps the fact that Citi did not advise .....said it all {image}
What is the green line showing?
Another day, another dollar.
  • #113,035
  • Jul 30, 2020 11:32am Jul 30, 2020 11:32am
Quoting leashedmode
Bought @ 1.1732, SL @ 1.1712 [After 25 pips in, some lots closed for TP, rest @ BE now] [Closed more @ 60 pips in at around 1.1794, one position still open @ BE now] How I am seeing it is 1. Bounces back up from 1.173-172 to test the high of the day at least. 2. Tests 1.172-1.171, jumps to 1.177-1.178 and then back down, forming H&S and continuing with the bears for the next week maybe due to the weekly/monthly resistance up here. 3. And of course, bounces back up from 1.173-1.172 and continues the wave with the Bulls, probably breaks through the...

100 pips in, and currently sitting above the 61.8 @ 1.18145 (last wave on monthly TF high[5 mar 2018] to low [16 mar 2020] Fib. Let's see, looking forward to see where the week and month is closed.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #113,036
  • Jul 30, 2020 11:49am Jul 30, 2020 11:49am
how high it will go today?
very interesting
  • #113,037
  • Jul 30, 2020 11:49am Jul 30, 2020 11:49am
Quoting ChiForex
EU not holding for this month without testing around 1.1830, be warned
50pips easy pips already.. if U just listened

Bonus advice..be cautious of a pump toward 1.1860-80, and if closes above 1.1880s on monthly(1day ahead) is dangerous for bears on long term.. as that signals strong bullish movement coming..

In all cases, better for bears to wait for tomorrow close or Monday open..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #113,038
  • Jul 30, 2020 12:10pm Jul 30, 2020 12:10pm
Nothing on EURO/USD way until 1.2000000000
Make it Green
  • #113,039
  • Edited 12:45pm Jul 30, 2020 12:13pm | Edited 12:45pm
Sold 1.1840 (SL=1.1855 TP=1.1805) based on extreme distance from the mean on 5M chart (Keltner channel 6,60) and completion of the 5th wave (5M chart). This is meant to be a scalp trade, since I still expect a short term high in the 1.1860-1.1880 area.
  • #113,040
  • Jul 30, 2020 12:50pm Jul 30, 2020 12:50pm
Quoting louisfx
Nothing on EURO/USD way until 1.2000000000
Make it Green
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