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EURUSD only

  • #121,781
  • Dec 11, 2020 1:39am Dec 11, 2020 1:39am
As what i can see in my chart, EU is about to take a dive, probably all the way to 1.2, now would this move be a breather for a further push up or a reversal? Only time will tell
  • #121,782
  • Dec 11, 2020 1:45am Dec 11, 2020 1:45am
I think today will be a "retest" day.. Areas of interest for testing could be 1.2135, 1.2121 or 1.2105.. Waiting on side lines for London stock ex. opening..

Stay Green
Focus only on what truly matters!
  • #121,783
  • Dec 11, 2020 1:50am Dec 11, 2020 1:50am
Quoting fxmasterdxb
As what i can see in my chart, EU is about to take a dive, probably all the way to 1.2, now would this move be a breather for a further push up or a reversal? Only time will tell
That would mean my wave 4 view on DAILY chart is not complete yet and yesterday's rise was just wave b of it and this drop could be the wave c leg to complete the wave 4.. If so you could be right.. But too early to tell.. I will watch 1.2105 support.. Let's see first where we will get some major bull reaction..

Stay Green
Focus only on what truly matters!
  • #121,784
  • Dec 11, 2020 1:54am Dec 11, 2020 1:54am
Quoting ursinho4711
What's making me "nervous" is that Asia keeps buying during their sessions. And you know: they probably know more than we do ;-) Interesting is also the weekly chart. Slowly heading to 1.25xxx? Buy in long terms, scalp within the channel. {image}
I can assure you i'm asian and i don't know anything

Btw i have long last night my 10 pips stop not yet hit. 10 minutes before the eur main event i got guests over till very late like 4 am
I panic and hedge the position.. worried that my stop got slipped.
So instead of 70 pips profit, i'm stuck with the hedge position
But just released the buy at .2158 and keep the short..overall in profit now
Attached Image (click to enlarge)
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Don't mind me.. i'm crazy
  • #121,785
  • Dec 11, 2020 1:56am Dec 11, 2020 1:56am
Quoting Ata-Turkoglu
{quote} That would mean my wave 3 view on DAILY chart is actually a wave C.. If so you could be right.. But too early to tell.. I will watch 1.2105 support.. Let's see first where we will get some major reaction.. Stay Green
Im expecting minor retrace/stalling between 1.2110 -1.2098 before continuation, notice the strong selling of almost all pairs against usd + daily & weekly charts are crying hard for a retrace
  • #121,786
  • Dec 11, 2020 2:02am Dec 11, 2020 2:02am
Morning all, bears seem good on 1H.
  • #121,787
  • Dec 11, 2020 2:02am Dec 11, 2020 2:02am
Quoting fxmasterdxb
{quote} Im expecting minor retrace/stalling between 1.2110 -1.2098 before continuation, notice the strong selling of almost all pairs against usd + daily & weekly charts are crying hard for a retrace
I am really not sure right now after replying to your post I had second thoughts and edited my response.. I am now thinking of the possibility of a larger C wave down.. Still not sure so for now yes, 1.2110.. 1.2105 area roughly will be on my radar as well.. Let's see..

Stay Green
Focus only on what truly matters!
  • #121,788
  • Dec 11, 2020 2:04am Dec 11, 2020 2:04am
By the moment the week opening seems to stop the dive
  • #121,789
  • Dec 11, 2020 2:09am Dec 11, 2020 2:09am
My short position entry
T1 1.20952
T2 1.20596
S 1.21666

4hr fib 23.6 hit with sto overbought
M30 and h sto cross back over bought zone

T1 more likely will reach easily if there is no struggle at h up trend line
  • #121,790
  • Dec 11, 2020 2:27am Dec 11, 2020 2:27am
This mornings signal from IG
Attached Image (click to enlarge)
Click to Enlarge Name: 4002EDB5-4494-4085-8FE8-04E38AEC21EF.jpeg Size: 290 KB
Insane in the Brain..
  • #121,791
  • Dec 11, 2020 2:32am Dec 11, 2020 2:32am
Quoting purevenom
I can assure you i'm asian and i don't know anything
But you probably do not work at Huaweii, Foxconn and you are not a man in the middle... ;-)
  • #121,792
  • Dec 11, 2020 2:34am Dec 11, 2020 2:34am
ECB’s Villeroy: On Exchange Rate All Our Instruments Are Available

https://www.forexfactory.com/news/10...ur-instruments

EUR/USD bulls remind me of the 2nd dog, want to eat all the food right now and go to 1.25 immediately.

https://twitter.com/DasSchwalbi/stat...39547902275587
  • #121,793
  • Dec 11, 2020 2:38am Dec 11, 2020 2:38am
Quoting BeeTogether
This mornings signal from IG {image}
Yeah it is past tense now since the break they have mentioned didn't come..

Stay Green
Focus only on what truly matters!
  • #121,794
  • Dec 11, 2020 2:38am Dec 11, 2020 2:38am
Quoting bartholemew
ECB’s Villeroy: On Exchange Rate All Our Instruments Are Available https://www.forexfactory.com/news/10...ur-instruments EUR/USD bulls remind me of the 2nd dog, want to eat all the food right now and go to 1.25 immediately. https://twitter.com/DasSchwalbi/stat...39547902275587
Central bankers "don't directly target exchange rates," but they are watching. And they've already said that it's a problem. They can't hold back things that are inevitable, but they can jawbone markets for a time.
  • #121,795
  • Dec 11, 2020 2:42am Dec 11, 2020 2:42am
To simplify my view for newbies: As long as price is above 1.2100 I will patiently wait and look for long entries..

Stay Green
Focus only on what truly matters!
  • #121,796
  • Dec 11, 2020 2:45am Dec 11, 2020 2:45am
[quote = Ata-Turkoglu; 13308074] Para simplificar mi punto de vista para los novatos: Siempre que el precio esté por encima de 1,2100, esperaré pacientemente y buscaré entradas largas. Manténgase ecológico [/ quote]
Gracias Ata hoy tendré presente esa zona. Lo maximo
  • #121,797
  • Dec 11, 2020 2:48am Dec 11, 2020 2:48am
Quoting Ata-Turkoglu
{quote} Yeah it is past tense now since the break they have mentioned didn't come.. Stay Green
Tell me about it! It went south instead! However I suppose a break above the weekly high should open up 122?
Insane in the Brain..
  • #121,798
  • Dec 11, 2020 2:56am Dec 11, 2020 2:56am
Were it not for the threat of a hard Brexit, based on Dollar bear trend, EUR/USD would have probably be near 1.23 now

This unfortunate Brexit SAGA could drag all down short term as the whole world betting for done deal for UK & EU.... given the extreme dollar bear positioning things could get real interesting from here...



Trade safe
Happy Trading
Trades technical moves enforced by fundamentals
  • #121,799
  • Dec 11, 2020 2:59am Dec 11, 2020 2:59am
I Just entered buy at 1.2120 target 1.2176. Hoping it will increase
Machine learning can predict the forex with 80% accuracy.
  • #121,800
  • Dec 11, 2020 3:13am Dec 11, 2020 3:13am
Quoting bartholemew
They can't hold back things that are inevitable, but they can jawbone markets for a time.
Exactly. I always laugh when I hear that central bank XXX is doing interventions... with some billions they have against the phantastillions that are moved in Forex every day. The only chance might be via interest rates. But difficult when you are already at the limit.
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