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EURUSD only

  • #117,641
  • Nov 2, 2020 11:43am Nov 2, 2020 11:43am
Quoting Leesi
Keeping 1.1503 as the bottom for this correction from 1.1890. I guess it might be just an intra day kissing in the coming days..
Edit: not holding any position in euro.
  • #117,642
  • Edited 1:07pm Nov 2, 2020 12:53pm | Edited 1:07pm
Is the 16115 line still a realistic goal (today)?
  • #117,643
  • Nov 2, 2020 1:15pm Nov 2, 2020 1:15pm
Is anyone here trading on election expectations?
Another day, another dollar.
  • #117,644
  • Nov 2, 2020 1:31pm Nov 2, 2020 1:31pm
The way I see it, bulls will have their fun tomorrow with a target of 1.17700
Risk comes from not knowing what to do
  • #117,645
  • Nov 2, 2020 1:37pm Nov 2, 2020 1:37pm
Where did these bulls come from?!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 35 KB
  • #117,646
  • Nov 2, 2020 1:43pm Nov 2, 2020 1:43pm
Quoting Austyno
The way I see it, bulls will have their fun tomorrow with a target of 1.17700
Why?
  • #117,647
  • Nov 2, 2020 1:55pm Nov 2, 2020 1:55pm
Quoting cgs-trading
{quote} Why?
50% fibo on D1
Attached Image
  • #117,648
  • Nov 2, 2020 2:10pm Nov 2, 2020 2:10pm
Quoting cgs-trading
{quote} Why?
First and foremost, the descending trendline that has been guilding price has been retested several times with a false break hinting weakness and exhaustion of bears.( sorry I can't post pictures now to illustrate but just join the highs on 1hr chart and u will get an idea of what am saying)

2. As I said in one of my earlier post, as long as we don't take out the low of last two months, Eu is still bullish, because we had an inside monthly bar also hinting weakness.

3. Eu couldn't close below daily first support, also hinting weakness.
We need to retest a support trendline on daily which broke(support turned resistance), Hence the target of 1.17700(again sorry, I can't post pictures, just join the lows on daily prior to the breakout )
Risk comes from not knowing what to do
  • #117,649
  • Nov 2, 2020 2:53pm Nov 2, 2020 2:53pm
Divergence on 1h MACD
  • #117,650
  • Nov 2, 2020 3:17pm Nov 2, 2020 3:17pm
Quoting cgs-trading
Where did these bulls come from?! {image}
I interpret the last days like this: First we got the second lockdown in Europe, then the month end effect was USD buying due to negative stocks on a monthly basis and additionally people have been unwinding their USD shorts, being afraid of election chaos. All these things are now priced in. However, despite general poll doubts, a Biden win is most likely, probably even on the day. So right before the election day I would expect some speculative USD selling, though there is a danger of a temporary USD spike if first results favor Trump or look like a tie.
Another day, another dollar.
  • #117,651
  • Nov 2, 2020 4:54pm Nov 2, 2020 4:54pm
hi
  • #117,652
  • Nov 2, 2020 5:13pm Nov 2, 2020 5:13pm
I see it bouncing off of 200EMA on a higher time frame of 12H... lets see i am still in a buy from Friday. Currently negative but still holding it.
Drawdown is more important than Account Size !
  • #117,653
  • Nov 2, 2020 7:19pm Nov 2, 2020 7:19pm
Quoting four.owls
{quote} Hi there...just curious as to your logic for going long? Not criticizing as I did not do so good on this today and not a professional by any means (I tried going long but got out for now)....Seems that most predictions are for short at present?
Hi owls (sounds like Md Largade- ECB chairwoman appetite- I like it). To answer your issue. It is simple to be confident that EU will solve their problem by budget 2021-2027 today. Tks for your exchange.
  • #117,654
  • Nov 2, 2020 10:24pm Nov 2, 2020 10:24pm
Seen like is up trend?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 163 KB
Always Positive
  • #117,655
  • Nov 2, 2020 10:34pm Nov 2, 2020 10:34pm
Quoting Leongang
Seen like is up trend? {image}
yup. i think it's time for swing trader to enter long. but this election day gives me fear.
i don't want some random news cause spikes and eat my SL.
  • #117,657
  • Nov 3, 2020 12:01am Nov 3, 2020 12:01am
Quoting Fahiz
Focus on EUR/JPY I think today JPY bank holiday Eur/JPY reached to 122 it's strong
Not here
Risk comes from not knowing what to do
  • #117,658
  • Nov 3, 2020 12:29am Nov 3, 2020 12:29am
The real question for today is: will 1.16901 hold or not, if it doesn't hold, next target will be 1.17150 after that will be 1.17500 and finally 1.17700(ultimate target for today)
Risk comes from not knowing what to do
  • #117,659
  • Nov 3, 2020 12:54am Nov 3, 2020 12:54am
Quoting Ata-Turkoglu
M15 Simple Outlook and Crucial S/R Levels for Monday Stay Green {image}
Just arrived at my target and manually closing my trade from 1.1627 at 1.1666 with +39 pips profit.. Waiting on sidelines until I can buy next dip..

Stay Green
Focus only on what truly matters!
  • #117,660
  • Nov 3, 2020 1:01am Nov 3, 2020 1:01am
Quoting Austyno
The real question for today is: will 1.16901 hold or not, if it doesn't hold, next target will be 1.17150 after that will be 1.17500 and finally 1.17700(ultimate target for today)
I expect spikes till after the election. Upon a Trump win, which I see happening, then I enter my sells for a real good down move. These are just my thoughts.
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