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  • #114,481
  • Sep 22, 2020 5:56pm Sep 22, 2020 5:56pm
Quoting Austyno
We are currently at the bottom of a descending channel
We've just pulled back from the TOP of a descending channel on the weekly & monthly charts.

Be careful!
  • #114,482
  • Sep 22, 2020 7:02pm Sep 22, 2020 7:02pm
Quoting 6EforMe
RIP, it appears our 4 month trendline that has worked so well and been so helpful to me is gone. But we saw how steep it was so it had to go at some point. Now I am watching the striking resemblance of the Euro weekly chart from October 10, 2016 to September 11, 2017 compared to February 3, 2020 until now. If the pattern continues to repeat it means we should work our way down to 1.15, bounce and try for 1.25. First hurdle is breaking 1750, which won’t be easy, and then we have to break strong 1700 support. Lots of work for the bears to get down...
The weekly pattern continues to copy the previous period I mentioned on the 16th, and is playing out nicely. But we have to actually break the 1.17 support for it to be valid. I see this as an important test and a signal for the next 200 pips, break and look for 1.15, don't break and back to 1.19.
  • #114,483
  • Sep 23, 2020 12:00am Sep 23, 2020 12:00am
1.1725 and patience until LO.
  • #114,484
  • Sep 23, 2020 1:55am Sep 23, 2020 1:55am
Based on H1, while candles open below 1.1697 I still stay away from buying!

Stay Green
Focus only on what truly matters!
  • #114,485
  • Sep 23, 2020 2:50am Sep 23, 2020 2:50am
Quoting klm1011
Short with SL above 1.18713 - TP 1.5 R to 2R.
Just closed a short position i was holding and trailing since this for a total of 136pips with 36 pip risk , 3.7R take away.
  • #114,486
  • Sep 23, 2020 3:13am Sep 23, 2020 3:13am
I have been experimenting with a fib retracement level which now i will be using in forward testing to check if this would hold true in pointing out a price trend reversal vs deep retracements with intact trend.
This might highlight the turning point which everyone is after.
Would continue trial on this pair.
Game on.
  • #114,487
  • Sep 23, 2020 3:59am Sep 23, 2020 3:59am
Quoting Ata-Turkoglu
Based on H1, while candles open below 1.1697 I still stay away from buying! Stay Green
H1 now above 1.1697 - do you buy and if yes which SL and target? Thx!
Another day, another dollar.
  • #114,488
  • Sep 23, 2020 4:19am Sep 23, 2020 4:19am
just a birds views , higher tf . yearly likely fail take off , so may test bottom & if so to wait 1-2 yrs before next burst try .
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 41 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #114,489
  • Sep 23, 2020 4:42am Sep 23, 2020 4:42am
Quoting nic9man
{quote} H1 now above 1.1697 - do you buy and if yes which SL and target? Thx!
Once H1 candles closed above 1.1797 scalpers might have started to open buy orders.. I am not a buyer though.. I am still looking for sell opportunities.. 1.1715/20 looks nice but no rush.. I am still waiting on sidelines to see bearish signs!

Stay Green
Focus only on what truly matters!
  • #114,490
  • Edited 5:13am Sep 23, 2020 4:57am | Edited 5:13am
In my humble opinion, I will open the short 1.1737, where the chart, according to my calculations, will reach the long-term resistance line.
  • #114,491
  • Sep 23, 2020 6:05am Sep 23, 2020 6:05am
The pair went downwards more than we expected.
September in the Spotlight
Risk Management is of utmost importance!
  • #114,492
  • Sep 23, 2020 7:15am Sep 23, 2020 7:15am
Quoting RCtrader
The pair went downwards more than we expected. September in the Spotlight
We are in a downtrend based on daily (weekly is still bullish) but as usual most retail traders have not realized it yet.. And once they do it will be late Same old same old..

*Overall (and based on daily) the area around 1.1755 is most important and key resistance!!

Stay Green
Focus only on what truly matters!
  • #114,493
  • Sep 23, 2020 7:22am Sep 23, 2020 7:22am
Quoting 10pipwaves
From the look of things happening with UK, there's possibility the Euro will be weak again. The bulls might break above strong support at 1.1781. After such break, it's going to be a bullish movement probably to 1.1850 (4hr consolidation). Fingers crossed.

Bulls didn't have the balls to push above strong support at 1.1781 lol. Meanwhile Bears and bulls are playing around another major support 1.1698, if bulls don't make a strong move and the bears push to 1.1670. Could be over for bulls!

Fingers crossed.
  • #114,494
  • Sep 23, 2020 8:38am Sep 23, 2020 8:38am
My suggestion for bears: don't get distracted by bull*hit!

Stay Green
Focus only on what truly matters!
  • #114,495
  • Sep 23, 2020 8:43am Sep 23, 2020 8:43am
Quoting Ata-Turkoglu
{quote} We are in a downtrend based on daily (weekly is still bullish) but as usual most retail traders have not realized it yet.. And once they do it will be late Same old same old.. *Overall (and based on daily) the area around 1.1755 is most important and key resistance!! Stay Green
Actually you can read on every markets based website how key resistance levels in the USD were broken. So by now everybody should know. Still market is not moving much yet, maybe the PMI will decide now.
Another day, another dollar.
  • #114,496
  • Sep 23, 2020 8:56am Sep 23, 2020 8:56am
Quoting nic9man
{quote} Actually you can read on every markets based website how key resistance levels in the USD were broken. So by now everybody should know. Still market is not moving much yet, maybe the PMI will decide now.
Long story short: ..we better stay bearish and keep selling upswings!

*No buying while H1 candles open below 1.1702..

Stay Green
Focus only on what truly matters!
  • #114,497
  • Sep 23, 2020 9:10am Sep 23, 2020 9:10am
Price in squeeze, likely breakout short.
  • #114,498
  • Sep 23, 2020 9:23am Sep 23, 2020 9:23am
I arrived at my intraday target 1.1666.. Closed my sell order.. Will wait on sidelines for a while..

Stay Green
Focus only on what truly matters!
  • #114,499
  • Sep 23, 2020 9:48am Sep 23, 2020 9:48am
A break of 1.1660s and base below will send the pair sliding toward 1.1570-90
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #114,500
  • Sep 23, 2020 10:05am Sep 23, 2020 10:05am
Expecting 1.1688 rejection.. If bulls achieve an H1 candle close above it I might begin to scalp long! But if I see bull weakness then I will try to hop back in short..

Stay Green
Focus only on what truly matters!
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