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  • #113,081
  • Jul 31, 2020 7:01am Jul 31, 2020 7:01am
Quoting khalid33
Game is over .. i expect an ugly collapse from current level (1.19) to take euro all way down to 0.80 over the coming 3 months . {image}
Can you show us why you're so bearish?
  • #113,082
  • Jul 31, 2020 7:05am Jul 31, 2020 7:05am
Quoting khalid33
Game is over .. i expect an ugly collapse from current level (1.19) to take euro all way down to 0.80 over the coming 3 months . {image}
Take a little look at the daily and weekly charts and see how bulls undid what took bears about a year to do. That "collapse" wont be easy. There is no technical here. This price is being driven up intentionally. And the banks doing so are not joking.
  • #113,083
  • Jul 31, 2020 7:06am Jul 31, 2020 7:06am
Quoting khalid33
Game is over .. i expect an ugly collapse from current level (1.19) to take euro all way down to 0.80 over the coming 3 months . {image}
Just laughing.
Make it Green
  • #113,084
  • Jul 31, 2020 7:42am Jul 31, 2020 7:42am
Quoting louisfx
{quote} Just laughing.

Good for you
  • #113,085
  • Jul 31, 2020 8:02am Jul 31, 2020 8:02am
Quoting Mitiblotch
{quote} Take a little look at the daily and weekly charts and see how bulls undid what took bears about a year to do. That "collapse" wont be easy. There is no technical here. This price is being driven up intentionally. And the banks doing so are not joking.
I don't know bears came in or not but on a different perspective, it took 1 year for bulls to come into play.

Anyway, I'm looking for how bulls going to keep the support 1.1828 or maybe not.
  • #113,086
  • Jul 31, 2020 8:18am Jul 31, 2020 8:18am
Quoting newbegger
{quote} That was easy. 1.1777 met on first day of trading this week. I am surprized at this as I expected profit taking. No profit taking means the bull still gaining momentum. Next target is 1.2000. I see the fib at 1.2053 but 1.2000 is starting point for this pair and also a very round number. Look for some sideways action when we get to 1.2000. I did say when, not if, but there can be black swan event that prevents this. Black swans are not predictable and can be account killers if you go all in.
On Friday, we get to 1.1900 area. That was strong move so no surprise the trade is slowing down. A quick look at the weekly and it looks stretched so momentum may not be able to get us to 1.20 before a retrace.


Attached Image (click to enlarge)
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Caution holding on through a retrace as now is not the time to add to long positions but to trim longs and take profits. There will be a time to start adding longs again but August is not a good month for trend continuation
Ecclesiastes 1:9
  • #113,087
  • Edited 9:38am Jul 31, 2020 8:27am | Edited 9:38am
Quoting leashedmode
Will be watching these zones to add longs. {image}

Added a long @ 1.1820, next will be watching 1.1800-1.1780 and if that breaks, I will be out and come back next week to see what we are dealing with.

[update: +30 pips in, SL @ BE, if stopped out.. will watch for 1.1800-1.1780 levels, end of the week/ month so if stopped out @ BE, will be on the sidelines until next week and then will be looking to see if she breaks through above [most probably] but may add a long @ or below 1.1800. Bagged 25 + 50 + 100 pips from yesterday's + one long still in play @ 1.1732 SL @ BE. Let's see! Good luck folk!]
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #113,088
  • Jul 31, 2020 8:34am Jul 31, 2020 8:34am
61.8 fibo is at 1.1800 be careful!
  • #113,089
  • Jul 31, 2020 8:37am Jul 31, 2020 8:37am
Tricky now, if it stayed like this it would be a perfect inverted hammer which would likely indicate a looming drawback to 1.16. However, it might still recover halfway or so till close which would make the picture look less bearish.
Another day, another dollar.
  • #113,090
  • Jul 31, 2020 8:39am Jul 31, 2020 8:39am
1.180888 DPP hit.Adding long here.
Make it Green
  • #113,091
  • Jul 31, 2020 8:48am Jul 31, 2020 8:48am
Quoting Traderview
Entered again at the same spot as the morning @1.1882. Let's see
Closed @1.1810. Bagged 70 pips.
  • #113,092
  • Jul 31, 2020 8:49am Jul 31, 2020 8:49am
Again it reverted one pip before reaching the nearest big figure (1.18) - this pattern is repeated over and over again during this trend, actually at every big figure since 1.13 this came before the trend was continued. (Though at 1.16 it touched and at 1.15 it reversed a few pips earlier).
Another day, another dollar.
  • #113,093
  • Jul 31, 2020 8:58am Jul 31, 2020 8:58am
Quoting nic9man
Again it reverted one pip before reaching the nearest big figure (1.18) - this pattern is repeated over and over again during this trend, actually at every big figure since 1.13 this came before the trend was continued. (Though at 1.16 it touched and at 1.15 it reversed a few pips earlier).
Watch 1.1814, a daily resistance. 4hr candles closing above is clearly bullish. On my broker, this is the first hr of new 4hr. It has 3 more hrs to go. 1hr keep closing below 1.1814, the week and month will settle below 1.18.

Watch this space 1.1814 - 1.1828. HT closing above or below will lead the way.
  • #113,094
  • Jul 31, 2020 9:18am Jul 31, 2020 9:18am
very hard for buyer ... need full power energy
Attached Image (click to enlarge)
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The Average Discount Everything
  • #113,095
  • Jul 31, 2020 9:36am Jul 31, 2020 9:36am
Quoting leashedmode
{quote} Added a long @ 1.1820, next will be watching 1.1800-1.1780 and if that breaks, I will be out and come back next week to see what we are dealing with.

+30 pips in, SL @ BE, if stopped out.. will watch for 1.1800-1.1780 levels, end of the week/ month so if stopped out @ BE, will be on the sidelines until next week and then will be looking to see if she breaks through above [most probably] but may add a long @ or below 1.1800. Bagged 25 + 50 + 100 pips from yesterday's + one long still in play @ 1.1732 SL @ BE. Let's see! Good luck folk!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #113,096
  • Jul 31, 2020 9:44am Jul 31, 2020 9:44am
My feeling is that big money is closing longs and building shorts.
That doesn't mean price can't go up a couple of hundred pips to 1.2@
Practitioner of the cryptic trading arts
  • #113,097
  • Jul 31, 2020 10:44am Jul 31, 2020 10:44am
Quoting Traderview
I'm looking @1.1852 to go short. Lets see.
This is the price I was looking. Bulls were very careful not to touch 1.1852 and kissed up to 1.1850 and moved down. Still, bears need this 4hr to close below 1.1814 or better 1.1809.

Let's see. Time will tell. Little over 1 more hr to go for this 4hr to close.
  • #113,098
  • Jul 31, 2020 11:02am Jul 31, 2020 11:02am
Attached Image (click to enlarge)
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  • #113,099
  • Jul 31, 2020 11:10am Jul 31, 2020 11:10am
Possibly bulls get back in action around here @ 1.17930-1.17800
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #113,100
  • Jul 31, 2020 11:12am Jul 31, 2020 11:12am
no more bulls today and next week ... see retracement to 1.16/1.14
The Average Discount Everything
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