EURUSD only | Page 5663 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD only
Exit Attachments

EURUSD only

  • #113,241
  • Aug 6, 2020 4:26am Aug 6, 2020 4:26am
Quoting Dibzoolian
The last H4 candle came down very sharply and MACD is showing early divergence sign , but on the other hand it could be forming a "cup and handle " pattern and continue uptrend towards 1.12. I'm a bit confused and will not rush into trading for a few hours . {image}
I believe this invalidates cup and handle.
  • #113,242
  • Aug 6, 2020 5:05am Aug 6, 2020 5:05am
I see morning star with best doji reversal in tf h1 ... is it bulls coming more with full power ...
The Average Discount Everything
  • #113,243
  • Aug 6, 2020 5:25am Aug 6, 2020 5:25am
1.1841 is resistance on daily, which is why we see a reaction by this price now and it acting as support. A break below will be the bear continuation. For bulls, 1hr closing above 1.1880.

Right now bears have the upper hand.
  • #113,244
  • Aug 6, 2020 6:12am Aug 6, 2020 6:12am
Sell at 1,1837 without SL or TP.
  • #113,245
  • Aug 6, 2020 7:19am Aug 6, 2020 7:19am
The price range has been forming a closing-in triangular shape as if it were preparing for a nice dip. Unless it is a bear trap, which we are going to see shortly.
  • #113,246
  • Aug 6, 2020 8:40am Aug 6, 2020 8:40am
Quoting Dibzoolian
The last H4 candle came down very sharply and MACD is showing early divergence sign , but on the other hand it could be forming a "cup and handle " pattern and continue uptrend towards 1.12. I'm a bit confused and will not rush into trading for a few hours . {image}
cup & handle ... on daily chart it was triggered and target is 1.21
last few days just power of this activated pattern could explain where is coming bull power from
Attached Image (click to enlarge)
Click to Enlarge Name: BD3BBAEC-C145-423E-9434-F3BEDEBECE44.png Size: 140 KB
  • #113,247
  • Aug 6, 2020 8:45am Aug 6, 2020 8:45am
Ok this is my last try.
Long position.
There is no good news from chart but US unemployment rate seems good.
Take a risk here.
  • #113,248
  • Aug 6, 2020 8:46am Aug 6, 2020 8:46am
Quoting hesron
{quote} no my friend .... trend now is bullish in tf monthly .... so as monthly target is the first target is 1.20542/1.23395/129654 {image}
Okay, my chart is less sophisticated... but I put the red line already some months ago. Just did not expect the sharp candle in July.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 27 KB
  • #113,249
  • Aug 6, 2020 9:33am Aug 6, 2020 9:33am
I am waiting as expected to see how 1.1800/1.1815 area will react.. This zone is the main protecting gate for bulls.. We must see its strength first before we can begin to look for new buy opportunities..

Stay Green
Focus only on what truly matters!
  • #113,250
  • Aug 6, 2020 10:06am Aug 6, 2020 10:06am
Quoting Traderview
1.1841 is resistance on daily, which is why we see a reaction by this price now and it acting as support. A break below will be the bear continuation. For bulls, 1hr closing above 1.1880. Right now bears have the upper hand.
Closed @1.1827. Order was [email protected]. Bagged 67 pips.
  • #113,251
  • Aug 6, 2020 10:21am Aug 6, 2020 10:21am
Still no 1hr closed below 1.1841. Until then bears will face the hard times. I don't see a bull move above 1.1880 either.
I think it ranges from 1.1870- 1.1827.

I'm on sidelines now.
  • #113,252
  • Aug 6, 2020 11:14am Aug 6, 2020 11:14am
I hope price can break 1.900 , because 1.18979 as middle the shadow tf h1 ... now price can reach 1.18904
The Average Discount Everything
  • #113,253
  • Aug 6, 2020 1:33pm Aug 6, 2020 1:33pm
Quoting hesron
I hope price can break 1.900 , because 1.18979 as middle the shadow tf h1 ... now price can reach 1.18904

I think it will remain in the daily range today, and possibly tomorrow we get a test of 1.80 before bulls make a strong entry [hopefully] maybe 1.850 holds well enough too, as it's currently trading in the upper range. Let's see, NFP tomorrow!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #113,254
  • Edited 1:51pm Aug 6, 2020 1:41pm | Edited 1:51pm
Quoting leashedmode
{quote} I think it will remain in the daily range today, and possibly tomorrow we get a test of 1.80 before bulls make a strong entry [hopefully] maybe 1.850 holds well enough too, as it's currently trading in the upper range. Let's see, NFP tomorrow!
yes may be ... but bulls must always buying ( to make sideways until market close, and now strong candle bulls tf h4) ) to prepare last up movement ... hope smart money want to do it
The Average Discount Everything
  • #113,255
  • Aug 6, 2020 1:47pm Aug 6, 2020 1:47pm
Quoting Traderview
Still no 1hr closed below 1.1841. Until then bears will face the hard times. I don't see a bull move above 1.1880 either. I think it ranges from 1.1870- 1.1827. I'm on sidelines now.
It started to range. Daily close below 1.1861 more bear power. For bulls above 1.1880.

See you guys tomorrow.
  • #113,256
  • Aug 6, 2020 3:36pm Aug 6, 2020 3:36pm
Daily S/R Levels for Friday

  1. Bulls still have the upper hand (especially while candles open above steep black trendline)!
  2. Nearest resistance starts from 1.1888 and goes up until 1.1973
  3. Daily main support area is still the same yellow triangle zone..

I hope it helps

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR-Levels.png Size: 24 KB
Focus only on what truly matters!
  • #113,257
  • Aug 6, 2020 4:00pm Aug 6, 2020 4:00pm
Quoting Ata-Turkoglu
Bulls still have the upper hand
Might be... but something I just realized: after a loooooooooong channel with high inclination south, the DXY (H4) started to turn into a sideways movement:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 20 KB
  • #113,258
  • Aug 6, 2020 5:09pm Aug 6, 2020 5:09pm
I still hold long position.

1 hour chart looks still bullish.
Because

1. repelled from 75 MA
2. MA 10 and 25 golden cross again

I will close my position at 1.19 if it reaches.
Attached Image
  • #113,259
  • Aug 6, 2020 5:27pm Aug 6, 2020 5:27pm
Quoting ursinho4711
{quote} Might be... but something I just realized: after a loooooooooong channel with high inclination south, the DXY (H4) started to turn into a sideways movement: {image}
No selling for me while intraday candles keep opening above 1.1858 at least!

Stay Green
Focus only on what truly matters!
  • #113,260
  • Aug 6, 2020 5:30pm Aug 6, 2020 5:30pm
I'm also still bullish, but I'm keeping in the back of my mind the reasons for being cautious. See chart below:
Attached Image (click to enlarge)
Click to Enlarge Name: Daily_8-06-20.png Size: 114 KB


Very short term, I'm looking for selling in the range 1.1925 - 1.1960 for scalps.
319 traders viewing now