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  • #114,801
  • Sep 30, 2020 11:32am Sep 30, 2020 11:32am
Quoting lucky1359
{quote} You have good knowledge and better understanding. Please also help us, grow with your knowledge. We will learn something from you if you post some graphs for our better understanding and knowledge. Thanks in Advance Thanks & Regards
I am learning just as we all do here , it's always a continuous process.
I try to be descriptive to minimize need for charts.
Will try when can...
  • #114,802
  • Edited 12:51pm Sep 30, 2020 11:49am | Edited 12:51pm
The last 4 hr candle is a unique candle - equal spikes at both ends.
I suspect these might have been the manipulation candle - taking out SL at both ends. Heavy orders must have piled up at both ends
more like that of a news spike that settles in the middle.
Have observed it many many times previously.
  • #114,803
  • Sep 30, 2020 11:53am Sep 30, 2020 11:53am
I still see bull struggle and not letting go of 1.1722.. 8 more minutes for H1 candle close..

Stay Green
Focus only on what truly matters!
  • #114,804
  • Sep 30, 2020 11:56am Sep 30, 2020 11:56am
At present price can go in any direction with bearish undertones.
  • #114,805
  • Sep 30, 2020 12:02pm Sep 30, 2020 12:02pm
I would expect price to go higher based on price movement that started since 21 sep 2020 , retracement is at fib 50 level , i would expect it to go upto other fib levels before going down on wkly trend.
  • #114,806
  • Sep 30, 2020 12:10pm Sep 30, 2020 12:10pm
I won't trade eurusd and usdchf for a while (only next week). I expect a flash spike to 1.1640 (retest around this zone) before to return in the upside, too much brutal movement to hold positions on any side. On the month, I'm confident that downtrend it is coming to an end.

Be careful guys!
Let the market decide
  • #114,807
  • Sep 30, 2020 12:13pm Sep 30, 2020 12:13pm
Last call for bulls: Climb above 1.1720 at least or forget it and start obeying bears!

Stay Green
Focus only on what truly matters!
  • #114,808
  • Edited 12:28pm Sep 30, 2020 12:17pm | Edited 12:28pm
Quoting MondumaFx
I won't trade eurusd and usdchf for a while (only next week). I expect a flash spike to 1.1640 (retest around this zone) before to return in the upside, too much brutal movement to hold positions on any side. On the month, I'm confident that downtrend it is coming to an end. Be careful guys!
On the month downtrend has already signaled its end with a badass JULY candle.. Now it is the process of a bearish correction.. Trust me that will not end before price goes back at least to 1.1500.. So no rush in waving your bull flag! Weekly says that the bear correction just might have started! Just my opinions though..

Stay Green
Focus only on what truly matters!
  • #114,809
  • Sep 30, 2020 12:18pm Sep 30, 2020 12:18pm
There is another way to trade EURUSD , even when it becomes trendless.
This is a unique pair.
When the strongest are paired , technicals are more reliable.
  • #114,810
  • Sep 30, 2020 12:20pm Sep 30, 2020 12:20pm
I would expect upto 200-300 pips more to wkly mean reversion.
  • #114,811
  • Sep 30, 2020 12:27pm Sep 30, 2020 12:27pm
But then again - it's a game of probabilities , whatever the astrologers say -lol- try to follow the indicators- they may be not perfect but they will give you the edge due to the fact that they have concrete entry and exit, which manages your bad habits.
After that position sizing is the key.
  • #114,812
  • Sep 30, 2020 2:31pm Sep 30, 2020 2:31pm
  •  Austyno
  • Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts | Online Now
Can we say we have a bearish engulfing monthly candle?
Risk comes from not knowing what to do
  • #114,813
  • Sep 30, 2020 4:18pm Sep 30, 2020 4:18pm
The trend is up my friends. Welp unless Trump says something positive to boost the dollar. EUR is going All the way up!

So i think the market will get to 1.1850 if it breaks above 1.1781 (strong support). This might be the last uptrend for EURUSD.

Going long from now could give upto 100 pips but is the market ready to do giveaway ? Lol

Fingers crossed.
  • #114,814
  • Sep 30, 2020 8:50pm Sep 30, 2020 8:50pm
Quoting Austyno
Can we say we have a bearish engulfing monthly candle?
Yes we can but as you know, we need confirmation. It will take another closed candle to confirm a downtrend.
Ecclesiastes 1:9
  • #114,815
  • Sep 30, 2020 9:02pm Sep 30, 2020 9:02pm
Base on this month candle seems that EurUsd still bearish. Seems like it a good opportunity to put long term short position.. i predict that we will see 1.14 first than 1.2
Attached Image (click to enlarge)
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  • #114,816
  • Sep 30, 2020 11:21pm Sep 30, 2020 11:21pm
EU looking to target 1.08-1.0850 Medium term selling zone for bears good positioning. Only a base above the latter might change this fact.
On downside, a base below 1.670s might make the pair slide down to 1.1380s, below there we may see 1.1330s but 1.1240s will hold the pair in Medium term..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #114,817
  • Sep 30, 2020 11:24pm Sep 30, 2020 11:24pm
normally its marubozu in H4, so i think better wait for a while before entry.... for absolute sell is 1700...
  • #114,818
  • Sep 30, 2020 11:50pm Sep 30, 2020 11:50pm
i think we'll meet R3 Daily or R1 weekly first before the drop
Attached Image (click to enlarge)
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  • #114,819
  • Sep 30, 2020 11:58pm Sep 30, 2020 11:58pm
Can someone help me? Years ago I got this spam message on my charts and I forgot how I fixed it. It happened again this morning. Any thoughts on how to get rid of it?. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Spam message.png Size: 448 KB
Observation is the path to discovery.
  • #114,820
  • Oct 1, 2020 12:00am Oct 1, 2020 12:00am
For now we have to see these rallies as final hurdles of bulls as long as weekly candle doesn't close above 1.1777.. 2 days left to be really sure.. Therefore I am more on the bearish side and watch bulls closely until I see weakness.. Don't get too much caught in bull shenanigans..

*Marking 1.1740 as nearest support on H1..

Stay Green
Focus only on what truly matters!
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