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EURUSD

  • #1,177,021
  • Aug 2, 2020 8:50am Aug 2, 2020 8:50am
Quoting PatienceFx
{quote} {image}
Exactly, still very high.
  • #1,177,022
  • Aug 2, 2020 9:09am Aug 2, 2020 9:09am
Next price for USD is 88.90 area. USD bearish.
Attached Image (click to enlarge)
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  • #1,177,023
  • Aug 2, 2020 9:33am Aug 2, 2020 9:33am
Quoting Techanalyst
{quote} Exactly, still very high.
i see a recovery to daily high 1500 then trend continuation to 1.20 or higher to 1.25
  • #1,177,024
  • Aug 2, 2020 9:39am Aug 2, 2020 9:39am
Quoting PatienceFx
{quote} i see a recovery to daily high 1500 then trend continuation to 1.20 or higher to 1.25
It could be. But that is about 260 pips down, and I just don't see it recovering that far down anytime soon. I see this shooting up to 1.20xx and maybe a bit down and again up. It just what I see on the charts. But we will see.
Attached Image (click to enlarge)
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  • #1,177,025
  • Aug 2, 2020 11:36am Aug 2, 2020 11:36am
GBPUSD bullish. In this case on COT reports, commercial are longs and non-commercials are majority short. Commercial added more longs and looks like they are driving the price.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDWeekly.png Size: 37 KB
  • #1,177,026
  • Aug 2, 2020 11:40am Aug 2, 2020 11:40am
Quoting Techanalyst
GBPUSD bullish. In this case on COT reports, commercial are longs and non-commercials are majority short. Commercial added more longs and looks like they are driving the price. {image} {image}
hey!
what are the blue boxes for?
LOCK IN RE-ENTER
  • #1,177,027
  • Aug 2, 2020 11:42am Aug 2, 2020 11:42am
Quoting mistaouting
{quote} hey! what are the blue boxes for?
On a weekly the boxes below, are supply areas and where price turned and went up again. On a weekly and monthly the the upper rectangles are supply zones.
  • #1,177,028
  • Aug 2, 2020 11:56am Aug 2, 2020 11:56am
Quoting Techanalyst
{quote} On a weekly the boxes below, are supply areas and where price turned and went up again. On a weekly and monthly the the upper rectangles are supply zones.
Got it, thanks
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  • #1,177,029
  • Aug 2, 2020 12:20pm Aug 2, 2020 12:20pm
Quoting mistaouting
{quote} Got it, thanks
You're welcome. Here is another one...
Attached Image (click to enlarge)
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  • #1,177,030
  • Aug 2, 2020 1:40pm Aug 2, 2020 1:40pm
Here's a top-down technical perspective on the EURUSD. On the weekly time frame, the technical and order flow context in the past 10-12 weeks support bulls. However, the bullish momentum is waning as market operation entered the 1.17460/1.18370 horizontal resistance zone. The bullish candlestick printed last week surged to the multi-year horizontal resistance around 1.192330 before retracing 50% to the 1.17795 area. Technically, the 1.17795 area is susceptible to a bearish reaction and we should watch what the market does in the early art of this week.

Although EURUSD is experiencing an increasing bearish pressure on the H4 time frame, we may have to wait for a significant southward breakdown of the prevailing rising channel (magenta) before we can have confidence in a bearish follow-through. Personally, as a swing trader, I want to see a significant bearish breakdown of the 1.17000/1.17780 horizontal support zone (magenta).


I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly_August 2, 2020.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4_August 2, 2020.png Size: 41 KB
Do your homework, follow the footprints of smart money
  • #1,177,031
  • Aug 2, 2020 3:54pm Aug 2, 2020 3:54pm
Quoting KeenPips
Here's a top-down technical perspective on the EURUSD. On the weekly time frame, the technical and order flow context in the past 10-12 weeks support bulls. However, the bullish momentum is waning as market operation entered the 1.17460/1.18370 horizontal resistance zone. The bullish candlestick printed last week surged to the multi-year horizontal resistance around 1.192330 before retracing 50% to the 1.17795 area. Technically, the 1.17795 area is susceptible to a bearish reaction and we should watch what the market does in the early art of this...
That is a very good analyst.
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  • #1,177,032
  • Aug 2, 2020 4:05pm Aug 2, 2020 4:05pm
Good evening selling 1795 same targets 1580 long term,and 1730 short term.I am still thinking we can go up to 1820-30 region
  • #1,177,033
  • Aug 2, 2020 4:53pm Aug 2, 2020 4:53pm
Quoting SashaP
Good evening selling 1795 same targets 1580 long term,and 1730 short term.I am still thinking we can go up to 1820-30 region
Out at 80-following ur scalping suggestions
  • #1,177,034
  • Aug 2, 2020 5:20pm Aug 2, 2020 5:20pm
Stopped at 1.1760... loss of 22pip to start the week. Looming to enter short... eu is going down. 4h break on center. Would be expecting daily/this week to be a red candle. Going towards 1.1540-1.1525.

loaded 2 posituon for short 1.1755/1.1749
Attached Image (click to enlarge)
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Trade what you see, take what the market gives you.
  • #1,177,035
  • Aug 2, 2020 5:29pm Aug 2, 2020 5:29pm
Quoting VuLe
Stopped at 1.1760... loss of 22pip to start the week. Looming to enter short... eu is going down. 4h break on center. Would be expecting daily/this week to be a red candle. Going towards 1.1540-1.1525. loaded 2 posituon for short 1.1755/1.1749 {image}
will provably close half targeting 1.1680.. and see how well it can hold and look to short again.
Trade what you see, take what the market gives you.
  • #1,177,036
  • Aug 2, 2020 5:32pm Aug 2, 2020 5:32pm
Quoting VuLe
{quote} will provably close half targeting 1.1680.. and see how well it can hold and look to short again.
Most likely you are going to be stopped out again
  • #1,177,037
  • Aug 2, 2020 5:38pm Aug 2, 2020 5:38pm
Quoting SashaP
{quote} Most likely you are going to be stopped out again
What do you mean??? I took a short and looking to to half at 1.1680 first big strong support... what stopped?? I dont have sl rn. Exiting manually
Trade what you see, take what the market gives you.
  • #1,177,038
  • Aug 2, 2020 5:38pm Aug 2, 2020 5:38pm
Anyone thinking about shorting the EURO better count the cost. It's a risky game to trade against a strong currency.
Learn from your mistakes and march on.
  • #1,177,039
  • Aug 2, 2020 5:44pm Aug 2, 2020 5:44pm
Quoting here2there
Anyone thinking about shorting the EURO better count the cost. It's a risky game to trade against a strong currency.

that too. I am just testing this. Right now the range is so far. Could easily go straight to 1.18xx.. and could fall quickly. But I feel like 1.1680 never got filled.
Trade what you see, take what the market gives you.
  • #1,177,040
  • Aug 2, 2020 5:48pm Aug 2, 2020 5:48pm
Quoting VuLe
{quote} that too. I am just testing this. Right now the range is so far. Could easily go straight to 1.18xx.. and could fall quickly. But I feel like 1.1680 never got filled.
after reading my statement. I exited for another -2pip/-8pip lost. Cant trade during asian session. Not good to trade with heavy scalpers. Ill be back around 2am tonight.
Trade what you see, take what the market gives you.
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