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EURUSD

  • #1,187,221
  • Nov 8, 2020 3:50pm Nov 8, 2020 3:50pm
Here's my take on the EURUSD. The EURUSD price action on the daily time frame is bullish but it is at an area of potential technical reaction which accommodates previous ’topping’ patterns. Besides, the 1.19400/1.20100 area has held as horizontal resistance for quite a long while and susceptible to a bearish turnaround. Although, technically, I am more bearish EURUSD than bullish, I will await how price action handles the 1.19400/1.20100 area in the early part of this week – much likely after the daily close on Monday.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,187,222
  • Nov 8, 2020 4:44pm Nov 8, 2020 4:44pm
Looks like on COT reports, there are more and more buyers taking off their positions and more and more sellers adding theirs short positions. The 1.1940 on a monthly is a key. If it breaks that price, this will go further up. If it doesn't, this is going down to 1.12xx. This will depends big time on fundamental news analysis and very little on technical analysis.
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  • #1,187,223
  • Nov 8, 2020 6:20pm Nov 8, 2020 6:20pm
Quoting Techanalyst
Looks like on COT reports, there are more and more buyers taking off their positions and more and more sellers adding theirs short positions. The 1.1940 on a monthly is a key. If it breaks that price, this will go further up. If it doesn't, this is going down to 1.12xx. This will depends big time on fundamental news analysis and very little on technical analysis. {image} {image}
I don't know. It seems to me the powers that be want to severely punish the dollar. And with Biden being in charge, I am not expecting great things to happen. 2021 will likely turn out to be another terrible year, and the Forex market will continue to see crazy price action.
Learn from your mistakes and march on.
  • #1,187,224
  • Nov 8, 2020 9:45pm Nov 8, 2020 9:45pm
Quoting here2there
{quote} I don't know. It seems to me the powers that be want to severely punish the dollar. And with Biden being in charge, I am not expecting great things to happen. 2021 will likely turn out to be another terrible year, and the Forex market will continue to see crazy price action.
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  • #1,187,225
  • Nov 8, 2020 9:47pm Nov 8, 2020 9:47pm
take short at 1.1889 tp flexible
  • #1,187,226
  • Nov 8, 2020 11:01pm Nov 8, 2020 11:01pm
started an ambitious TE today with a decent trading template focussing on volatility and momentum ; i will follow a very conservative trading approach ; all public nothing hidden ; lets see how fast i blow this demo lmao
feel free to invite me to your forum, if you have any
  • #1,187,227
  • Nov 8, 2020 11:07pm Nov 8, 2020 11:07pm
Quoting ventureinves
take short at 1.1889 tp flexible
i am waiting to see how 1880 reacts before planning any trade
feel free to invite me to your forum, if you have any
  • #1,187,228
  • Nov 8, 2020 11:22pm Nov 8, 2020 11:22pm
Quoting JungleLionFx
{quote} i am waiting to see how 1880 reacts before planning any trade
long taken target 1962
feel free to invite me to your forum, if you have any
  • #1,187,229
  • Nov 8, 2020 11:31pm Nov 8, 2020 11:31pm
Quoting JungleLionFx
{quote} long taken target 1962
sl moved to be +0.5
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  • #1,187,230
  • Nov 8, 2020 11:40pm Nov 8, 2020 11:40pm
Above Weekly close level Price moves in bullish zone. So until EURUSD stay Above 1.1874 bulls are safe.
  • #1,187,231
  • Nov 8, 2020 11:46pm Nov 8, 2020 11:46pm
Quoting Walz
Above Weekly close level Price moves in bullish zone. So until EURUSD stay Above 1.1874 bulls are safe.
bulls may not

look at week pivot levels

sl hit out with 1.7% lol
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  • #1,187,232
  • Nov 8, 2020 11:54pm Nov 8, 2020 11:54pm
Quoting JungleLionFx
{quote} bulls may not look at week pivot levels sl hit out with 1.7% lol
In my trading system I have open/close Levels. Not pivots lvls.
  • #1,187,233
  • Nov 9, 2020 12:14am Nov 9, 2020 12:14am
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  • #1,187,234
  • Nov 9, 2020 12:47am Nov 9, 2020 12:47am
EURUSD is bullish and overbought, but it may test 1916 first, before a correction lower.

Biden is the winner, but the market should get a lower price to be tradable, or many bulls may traped from a risk off situation - see Trump lawsuits, Covid-19, or No deal Brexit. The last three reasons can make, or break this market and others.

I wait to see the price first breaking 1850-60 level of support and then reach around 1815 where it might find some temporary support.

After a break of 1916, 1961 is the next target.

The sentiment from all the US elections noise should fade and the market will focus more on numbers that come out from the economic calendar.
Looking for profitable short term trades ...|
  • #1,187,235
  • Nov 9, 2020 12:55am Nov 9, 2020 12:55am
Quoting Aleksbuk
https://www.youtube.com/watch?v=TSAk...AlekseyBukuros
I think it is bearish Rsi is reached level
  • #1,187,236
  • Nov 9, 2020 1:03am Nov 9, 2020 1:03am
Quoting Js3mwtRc
EURUSD is bullish and overbought, but it may test 1916 first, before a correction lower. Biden is the winner, but the market should get a lower price to be tradable, or many bulls may traped from a risk off situation - see Trump lawsuits, Covid-19, or No deal Brexit. The last three reasons can make, or break this market and others. I wait to see the price first breaking 1850-60 level of support and then reach around 1815 where it might find some temporary support. After a break of 1916, 1961 is the next target. The sentiment from all the US elections...
CPI is cocktail party of India
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  • #1,187,237
  • Nov 9, 2020 1:19am Nov 9, 2020 1:19am
Quoting PatienceFx
{quote} CPI is cocktail party of India {image}
I can make it through Friday, but EU should have some hicups and stambles along its way.
Looking for profitable short term trades ...|
  • #1,187,238
  • Nov 9, 2020 1:23am Nov 9, 2020 1:23am
Quoting Js3mwtRc
{quote} I can make it through Friday, but EU should have some hicups and stambles along its way.
every indication of usd strength coming

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  • #1,187,239
  • Nov 9, 2020 1:23am Nov 9, 2020 1:23am
There is no sign of a reversal YET in E. BUT I will be a seller at 1.18 79 ON STOP

Now= 1.18 90

"Election noise " will be the dominant factor for many more days imho....... All other #s are insignificant compared to the Election result and it s effect on World Affairs....

  • #1,187,240
  • Nov 9, 2020 1:27am Nov 9, 2020 1:27am
Quoting JungleLionFx
{quote} every indication of usd strength coming {image}
biden will strongly focus on covid control and economy revival
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