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  • #118,921
  • Nov 17, 2020 4:22am Nov 17, 2020 4:22am
Closed my long +22 pips after a stop run.
Waiting to enter LONG at 1.1860 SL 1.1840 TP 1.1925
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd M15.png Size: 67 KB
  • #118,922
  • Nov 17, 2020 4:37am Nov 17, 2020 4:37am
Quick H1 Outlook

  1. My H4 Cypher can also be seen on this time frame.. Completion level is roughly at 1.1882..
  2. 1.1840 area is nearest and median support inside pitchfork channel..
  3. If Cypher fails or D point extends with momentum, I have 1.1902 as next resistance based on daily..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 42 KB
Focus only on what truly matters!
  • #118,923
  • Nov 17, 2020 4:46am Nov 17, 2020 4:46am
Quoting Ata-Turkoglu
Quick H1 Outlook My H4 Cypher can also be seen on this time frame.. Completion level is roughly at 1.1882.. 1.1840 area is nearest and median support inside pitchfork channel.. If Cypher fails or D point extends with momentum, I have 1.1902 as next resistance based on daily.. Stay Green {image}
You are ErtuGrul of Froex bro
  • #118,924
  • Nov 17, 2020 4:47am Nov 17, 2020 4:47am
Quoting Wasi99
{quote} You are ErtuGrul of Froex bro
Thanks but oh boy.. I hope you don't watch too much netflix

Stay Green
Focus only on what truly matters!
  • #118,925
  • Nov 17, 2020 4:50am Nov 17, 2020 4:50am
Quoting Ata-Turkoglu
{quote} Thanks but oh boy.. I hope you don't watch too much netflix Stay Green
After this situation only option left to watching netflix ....
  • #118,926
  • Edited 5:43am Nov 17, 2020 4:57am | Edited 5:43am
For bear enthusiasts
sell zone that could be used would probably be from 1.18817--- 1.19030
the higher the better r/r
All SL well above 1.19030

Bulls should benifit from rather deeper retraces than shallow ones.
  • #118,927
  • Nov 17, 2020 5:11am Nov 17, 2020 5:11am
Quoting DrDave
I see H2 made a pullback that lower TFs are now working to turn back up. If the H2 up continuation is confirmed, then from the perspective of time frames only, there are no TFs offering resistance, so previous significant PA levels will need to be used for resistance. With the H2 as focus, dips such as currently underway on the M15, should be viewed as corrections intended to take price higher to turn up H2.
H2 confirmed up. With my indicators, this now puts EU into a "runaway" up condition below D1. Previous significant PA must be examined to determine likely resistance areas.

Now small TFs must be watched to discover when down action confirms reversals (or failures) as they percolate up through the TFs.

EDIT:
D1 shows D32 providing resistance in the area of 1.1960
To free Gazans of Hamas, use whatever it takes.
  • #118,928
  • Nov 17, 2020 5:11am Nov 17, 2020 5:11am
For bull enthusiasts: There will probably be a retracement from around 1.19 as said and the resistance might be too strong to pass (see DXY long term trends), however, if we break through this level and DXY does sustainably dip below 92.25 it will fall into no man's land and might quickly advance to the 88 region.
Another day, another dollar.
  • #118,929
  • Nov 17, 2020 5:14am Nov 17, 2020 5:14am
First sell order @1.1878 target: 1.1845
this is risky since my overall bias is still bullish

Sl: 1.189
  • #118,930
  • Nov 17, 2020 5:22am Nov 17, 2020 5:22am
Quoting samidhabri
First sell order @1.1878 target: 1.1845 this is risky since my overall bias is still bullish Sl: 1.189
Yes, risky: Not even M1 has confirmed that it has gone into a down trend.
To free Gazans of Hamas, use whatever it takes.
  • #118,931
  • Nov 17, 2020 5:25am Nov 17, 2020 5:25am
Based on Cypher I am putting a pending sell limit order at 1.1888.. SL must go a little above 1.1918..

Stay Green
Focus only on what truly matters!
  • #118,932
  • Nov 17, 2020 5:29am Nov 17, 2020 5:29am
Quoting DrDave
{quote} Yes, risky: Not even M1 has confirmed that it has gone into a down trend.
No signs point to a down trend..
I will tear the world apart for you.
  • #118,933
  • Nov 17, 2020 5:31am Nov 17, 2020 5:31am
2.5 hrs left. Patience
  • #118,934
  • Nov 17, 2020 5:32am Nov 17, 2020 5:32am
Quoting Ata-Turkoglu
Based on Cypher I am putting a pending sell limit order at 1.1888.. SL must go a little above 1.1918.. Stay Green
It's good Sl. I think it's the last man standing for bears.
  • #118,935
  • Nov 17, 2020 5:34am Nov 17, 2020 5:34am
Late post: Price broke my resistance at 1.1853 and now heading to my next resistance at 1.1918/1.1922 with a short pause at 1.18913.

Attached Image (click to enlarge)
Click to Enlarge Name: 64c1e9d6d06d34ff8418def87b5fa599.png Size: 125 KB

1.1918/22 good sell area.
  • #118,936
  • Nov 17, 2020 5:34am Nov 17, 2020 5:34am
Quoting Traderview
{quote} It's good Sl. I think it's the last man standing for bears.
Thanks.. I hope so as well..

Stay Green
Focus only on what truly matters!
  • #118,937
  • Nov 17, 2020 5:37am Nov 17, 2020 5:37am
Quoting nic9man
For bull enthusiasts: There will probably be a retracement from around 1.19 as said and the resistance might be too strong to pass (see DXY long term trends), however, if we break through this level and DXY does sustainably dip below 92.25 it will fall into no man's land and might quickly advance to the 88 region.
88.80 if 91 breaks. I think we might see daily close above 92.80 and possibly 92.95 given good data from US
  • #118,938
  • Nov 17, 2020 5:38am Nov 17, 2020 5:38am
Quoting Ata-Turkoglu
{quote} Thanks.. I hope so as well.. Stay Green
It's too early to sell. I'd rather keep it above 1.19 with 25 pips sl.
  • #118,939
  • Nov 17, 2020 5:43am Nov 17, 2020 5:43am
Quoting Traderview
{quote} 88.80 if 91 breaks. I think we might see daily close above 92.80 and possibly 92.95 given good data from US
How do you come up with 91? The 92.25 comes from a long-term increasing trend line which has acted as support over the past weeks.
In my view good US data is currently not so relevant because we see local shutdowns increasing and this in turn increases the speculation for need of fiscal stimulus which the FED will buy. Besides there is still the USD smile, i.e. extremely good or bad US data will push the USD higher, everything else will allow it to depreciate as usual in a post-recession regime.
Another day, another dollar.
  • #118,940
  • Nov 17, 2020 5:44am Nov 17, 2020 5:44am
Quoting Traderview
{quote} It's too early to sell. I'd rather keep it above 1.19 with 25 pips sl.
I have to stick to trading the cypher pattern.. That's the way

*I am noticing bear pressure coming in early starting from 1.1881..

Stay Green
Focus only on what truly matters!
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