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  • #121,081
  • Dec 4, 2020 5:29am Dec 4, 2020 5:29am
Quoting Ata-Turkoglu
Daily S/R Levels for Today To be honest, I like nothing about this chart since I am bearish.. I came up with my own candle pattern here which I call: "The Dalton Brothers" candle pattern (remember the bandits from the Lucky Luke cartoon? lol) 3 sequentially shortening candles! The 4th is the boss.. What generally happens in a bullish case is that market might take out the high of the 3rd candle first and then a strong drop follows OR it directly drops without taking out the highs.. So I am hoping for that today.. The high of 3rd candle on my broker...
I think it's going to be the candle with large wick. Expecting it could move above 1.2220 and settle below 1.2180.

And FYI, I just noticed in the picture '' THE 4TH DALTON BROTHER HAS A LARGE SPIDER WICK'' coincidence or a validation for the pattern.
  • #121,082
  • Dec 4, 2020 5:40am Dec 4, 2020 5:40am
Market is Really Unpredictable Now and more to it Today is Friday & NFP

Point to Consider

@ 1.2184

and if it Breaks then

@ 1.2206

From Here it can Bounce Back - Hope So

Because Important Level of Today & Month

Attached Image (click to enlarge)
Click to Enlarge Name: 7cadf6731ba39f6f1cb9b08b8bca441b.png Size: 98 KB


Thanks & Regards
  • #121,083
  • Dec 4, 2020 5:41am Dec 4, 2020 5:41am
Quoting andvk74
IMO they going to RUN both sides today. {image}
One side is done. Lets take the bottom now!
Attached Images
  • #121,084
  • Dec 4, 2020 5:42am Dec 4, 2020 5:42am
MACD 1HR
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (273).png Size: 402 KB
  • #121,085
  • Dec 4, 2020 5:43am Dec 4, 2020 5:43am
Quoting Traderview
{quote} I think it's going to be the candle with large wick. Expecting it could move above 1.2220 and settle below 1.2180. And FYI, I just noticed in the picture '' THE 4TH DALTON BROTHER HAS A LARGE SPIDER WICK'' coincidence or a validation for the pattern.
No according to pattern there should not be any long wicks.. If candle goes above 1.2189 the pattern will be invalidated..

Stay Green
Focus only on what truly matters!
  • #121,086
  • Dec 4, 2020 5:43am Dec 4, 2020 5:43am
Quoting lucky1359
Market is Really Unpredictable Now and more to it Today is Friday & NFP Point to Consider @ 1.2184 and if it Breaks then @ 1.2206 From Here it can Bounce Back - Hope So Because Important Level of Today & Month {image} Thanks & Regards
I also have 1.2206 as a bounce level on a MN chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd MN.png Size: 84 KB
  • #121,087
  • Dec 4, 2020 5:45am Dec 4, 2020 5:45am
Quoting andvk74
{quote} One side is done. Lets take the bottom now! {image} {image}
1.2173 High - I dont feel so

You Know Euro gives Spikes from nowhere.

Brexit News Then Spike - Some not important news then spike - USD positive news then also 1 spike for sure

Focus @ 1.2184
  • #121,088
  • Dec 4, 2020 5:49am Dec 4, 2020 5:49am
Quoting Ata-Turkoglu
{quote} No according to pattern there should not be any long wicks.. If candle goes above 1.2189 the pattern will be invalidated.. Stay Green
OK. So it has to be entire candle or not just body.

It tells me that An engulfing and following 3 candles with smaller size to previous, is hinting the bears starting to dominate or pullback up to 50% - 68% of these 4 candles together, irrespective of the type of the candle.
  • #121,089
  • Dec 4, 2020 5:53am Dec 4, 2020 5:53am
Just 4th day of the month and already 250pips up, crazy
Fundamental provide Volume, Technical shows Direction
  • #121,090
  • Dec 4, 2020 5:53am Dec 4, 2020 5:53am
Quoting Traderview
{quote} OK. So it has to be entire candle or not just body. It tells me that An engulfing and following 3 candles with smaller size to previous, is hinting the bears starting to dominate or pullback up to 50% - 68% of these 4 candles together, irrespective of the type of the candle.
The point of the 4th candle is to take out the high of the previous candle that's all.. (Technically that already happened as soon as price went 1 tick above 1.21747.. But sometimes this process can even span over multiple days but none of any of those top candles can have long bodies or wicks so that a drop can follow..

*Despite the wish of bears that this should quickly drop the perfect version of this pattern is that today a 4th small candle is printed and the drop comes on Monday or Tuesday.. In other words we have to calculate in that today's NFP might play out in a dull and boring way..

Stay Green
Focus only on what truly matters!
  • #121,091
  • Dec 4, 2020 5:54am Dec 4, 2020 5:54am
This is a good sign for bears. For the EURO I mean.
Attached Image (click to enlarge)
Click to Enlarge Name: DXY and EUR SMT chart.png Size: 68 KB
  • #121,092
  • Dec 4, 2020 5:55am Dec 4, 2020 5:55am
Quoting LucasT
Just 4th day of the month and already 250pips up, crazy
Add 282 Pips Last month Closing also
  • #121,093
  • Dec 4, 2020 5:58am Dec 4, 2020 5:58am
But we need a close below 1.2161 to run those equal lows.
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd M5.png Size: 60 KB
  • #121,094
  • Dec 4, 2020 5:58am Dec 4, 2020 5:58am
Quoting Ata-Turkoglu
{quote} The point of the 4th candle is to take out the high of the previous candle that's all.. This process can even span over multiple days but none of any of those top candles can have long bodies or wicks so that a drop can follow.. *Despite the wish of bears that this should quickly drop the perfect version of this pattern is that today a 4th small candle is printed and the drop comes on Monday or Tuesday.. Stay Green
understood.
  • #121,095
  • Dec 4, 2020 5:59am Dec 4, 2020 5:59am
Quoting andvk74
{quote} I also have 1.2206 as a bounce level on a MN chart. {image}
Wow Great - See how this Levels Match Up Differently in your charts and my Fibos

Wow This can be said something like a sure shot.

There is something matching with Different Charts

Good Great

Attached Image (click to enlarge)
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  • #121,096
  • Dec 4, 2020 6:01am Dec 4, 2020 6:01am
Quoting Traderview
{quote} understood.
I edited my last post to add more thoughts.. FYI..

Stay Green
Focus only on what truly matters!
  • #121,097
  • Dec 4, 2020 6:15am Dec 4, 2020 6:15am
Quoting lucky1359
{quote} 1.2173 High - I dont feel so You Know Euro gives Spikes from nowhere. Brexit News Then Spike - Some not important news then spike - USD positive news then also 1 spike for sure Focus @ 1.2184
Just Now

https://twitter.com/SFischer_EU/stat...31364428984322

https://abs-0.twimg.com/emoji/v2/svg/203c.svg
#Breaking:
@EUCouncil
and
@Europarl_EN
reach common understanding on #EUBudget for 2021 in record time. 1/3

Somewtimes I feel that they are also associated with Forex Market
  • #121,098
  • Dec 4, 2020 6:32am Dec 4, 2020 6:32am
I'm stuck.. but i've been scalping in between and cover them

Attached Image (click to enlarge)
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Attached Image
Don't mind me.. i'm crazy
  • #121,099
  • Dec 4, 2020 6:45am Dec 4, 2020 6:45am
Short from 1.2174. I will hold through NFP. Price is just dancing around here. Let's see how it goes.
  • #121,100
  • Dec 4, 2020 6:47am Dec 4, 2020 6:47am
Quoting Mitiblotch
Short from 1.2174. I will hold through NFP. Price is just dancing around here. Let's see how it goes.
Lots of short term STOPS below.
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