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  • #1,177,101
  • Aug 3, 2020 6:32am Aug 3, 2020 6:32am
1767?
  • #1,177,102
  • Aug 3, 2020 6:48am Aug 3, 2020 6:48am
Quoting VuLe
{quote} I will be your first fan. I like your response, open minded, respectful and logical. I don’t see a lot of Great responses here aside from Tech, Patience, Suth, Mista, Js3 and etc. The monthly candle just seem a bit very irregular according to my bb. I see so much bb drawout on daily, weekly, monthly and this is one of those that make me question my buy bias and tells me a retracement could be this month. Overall it is still bullish according to monthly but we talking about 30-60days... according to your chart, I can agree that we may see...

Thanks mate, much appreciated!
I see your point and I have been thinking about it as well, which is why I have been looking to move my recent SLs to BE pretty quick since last Friday. More so because I see a pretty strong resistance up there on the Monthly TFs which tells me there's also a possibility of getting a pullback to about 38.2 - 50 Fib on the previous monthly candle as well, and if not, still there's a chance of a lot of misdirection, and panic around these levels mainly because of finally getting some bearish candles after quite a while.. which may cause the price to act in all sorts of ways before it continues upwards [most probably]
On the other hand, why I am a bit more leaned towards the price going up is because of the US situation at the moment as well as the last Monthly TF wave unable to form a lower low and instead flying out above with quite a force. So definitely I see two possibilities here, either a retrace back for the monthly candle to about 38-50% and then, like you said, the next one to jump back up.. or maybe going straight up to at least test the highs of the last wave on the monthly TF. So I guess, time will tell ! Let's see and all the best !
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,103
  • Aug 3, 2020 6:53am Aug 3, 2020 6:53am
We are near strong support.

My 2 cents for todays move down from 1785.

EU has changed attitude, the only day I saw a move down like that was at 25 jun. 2020 near 1200 where EU slowly returned to the upside and then broke up and here is were it is today.

The only reasons I can think is that the price went all down here to load more buyers for the new Month and it fell because of profit taking.

As I said August isn't a good Month for trading, but some times the volatility can do crazy things.

I will wait for a sustained move above 1.1785 after some prolonged consolidation here in this teritorry to ad longs targeting 1.1900 first.

Below 1700 we may have a false break out.

I will quit this view only if, I see the same price action again and again the next days.
Looking for profitable short term trades ...|
  • #1,177,104
  • Aug 3, 2020 7:23am Aug 3, 2020 7:23am
I quick throw in analysis. First resistant 1.1740... looking to add tiny sell there. Sorry in the middle of workout, Ill be back to read everyone analysis in an hr or so.
Trade what you see, take what the market gives you.
  • #1,177,105
  • Aug 3, 2020 7:25am Aug 3, 2020 7:25am
Turning on buy robots.
Stops under 1690
still long at 1890 was -180!
Topped up my account to stave off the dreaded MC!
Attached Image (click to enlarge)
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Founder of Sutherland Wave Principle
  • #1,177,106
  • Aug 3, 2020 7:53am Aug 3, 2020 7:53am
Quoting suthmo
Turning on buy robots. Stops under 1690 still long at 1890 was -180! Topped up my account to stave off the dreaded MC! {image}
THIS IS SPARTA!!!!!
Attached Image (click to enlarge)
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Attached Image
Trade what you see, take what the market gives you.
  • #1,177,107
  • Aug 3, 2020 7:54am Aug 3, 2020 7:54am
1681 is the back of the target area.
Founder of Sutherland Wave Principle
  • #1,177,108
  • Aug 3, 2020 7:57am Aug 3, 2020 7:57am
That is head and shoulder?!yeah
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  • #1,177,109
  • Aug 3, 2020 8:13am Aug 3, 2020 8:13am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #1,177,110
  • Aug 3, 2020 8:20am Aug 3, 2020 8:20am
Quoting Techanalyst
{quote} Eurusd remains bullish long term. Doesnt look like this will get to 1.1500.
but it did fall 70 pips
  • #1,177,111
  • Aug 3, 2020 8:21am Aug 3, 2020 8:21am
Quoting pgidia
{quote} What is your SL??
long was a bad trade idea, i got influenced by a pro trader
  • #1,177,112
  • Aug 3, 2020 8:30am Aug 3, 2020 8:30am
Quoting PatienceFx
{quote} long was a bad trade idea, i got influenced by a pro trader
Me too
PaRaM
  • #1,177,113
  • Aug 3, 2020 8:31am Aug 3, 2020 8:31am
Quoting Techanalyst
{quote} Eurusd remains bullish long term. Doesnt look like this will get to 1.1500.
1500 was bit ambitious this early I think...1630 early...with a possibility to hit 1530 but a week with high impact data could mean low volume
Short term bearish long term bullish....all things currently constant. However starting to get a uptick in virus news coming out of Europe...USD isn't much to run 2 but gold is overbought....usd oversold....one may be a better buy
LOCK IN RE-ENTER
  • #1,177,114
  • Aug 3, 2020 8:43am Aug 3, 2020 8:43am
1700 bought 1767 target
  • #1,177,115
  • Edited 9:08am Aug 3, 2020 8:49am | Edited 9:08am
I think the longest bull run in euro entire history is coming in one extended wave and it starts here...
1.17
Founder of Sutherland Wave Principle
  • #1,177,116
  • Aug 3, 2020 8:51am Aug 3, 2020 8:51am
Quoting SashaP
1700 bought 1767 target
You like trading against the trend

Or based on pmi expectations
LOCK IN RE-ENTER
  • #1,177,117
  • Aug 3, 2020 8:52am Aug 3, 2020 8:52am
Quoting SashaP
1700 bought 1767 target
Stop loss at be, let's ride
  • #1,177,118
  • Aug 3, 2020 8:53am Aug 3, 2020 8:53am
Quoting mistaouting
{quote} You like trading against the trend Or based on pmi expectations
I trade on how I feel the movement of the market
  • #1,177,119
  • Aug 3, 2020 8:54am Aug 3, 2020 8:54am
Quoting pgidia
{quote} Me too
going to follow my own setup now, its tried and tested

also will setup my own TE now so i can follow where i make mistakes
Attached Image (click to enlarge)
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  • #1,177,120
  • Aug 3, 2020 8:59am Aug 3, 2020 8:59am
Quoting mistaouting
{quote} You like trading against the trend Or based on pmi expectations
News like PMI means nothing, I don't even look at them
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