Attachments: EURUSD only

EURUSD only

#122,661
Dec 21, 2020 4:59pm Dec 21, 2020 4:59pm

JackintheBox
Joined Sep 2008 | Status: Trader | 2,275 Posts

Quoting Ata-Turkoglu

Disliked

Daily S/R Levels for Tuesday 1.2249 is critical resistance! Nearest support sits at 1.2225.. Market did crazy moves today and I think Tuesday might act a little boring after such a shaky day.. As mentioned before: H4 candles could become dangerous for bears and have to be monitored carefully!

Ignored

Not sure if Consolidation today was already enough, to short probably but I expected uprun to that level after London Close. But thanks for your hints, EURUSD is on my short list, I will keep it in mind.

#122,662
Dec 21, 2020 5:11pm Dec 21, 2020 5:11pm

myths
| Joined Nov 2020 | Status: Tired but determined | 216 Posts

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#122,663
Dec 21, 2020 5:24pm Dec 21, 2020 5:24pm

BeeTogether
Joined Oct 2020 | Status: Trader | 14,004 Posts

Closed short from 2247 at b/e. Still have the short from 2215

Insane in the Brain..

#122,664
Dec 21, 2020 6:00pm Dec 21, 2020 6:00pm

Godzilla
| Joined May 2018 | Status: Trader | 486 Posts

Quoting Ata-Turkoglu

Disliked

Daily S/R Levels for Tuesday 1.2249 is critical resistance! Nearest support sits at 1.2225.. Market did crazy moves today and I think Tuesday might act a little boring after such a shaky day.. As mentioned before: H4 candles could become dangerous for bears and have to be monitored carefully! Stay Green {image}

Ignored

- wave 4 is invalidated once price retraces into the price territory of wave 1; may need to revise; Interested to hear your comments

#122,665
Dec 21, 2020 6:34pm Dec 21, 2020 6:34pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

So, right now, it seems like the market price action is at a "wait and see" period. Sidelines for now. Maybe wait until London session or buy the next dip towards 1.22

You cannot fail if you never give up.

#122,666
Dec 21, 2020 8:12pm Dec 21, 2020 8:12pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

With all the negative virus news tonight, I suspect bears breaking out and taking over now. Preparing to short if 1.223 support fails.

You cannot fail if you never give up.

#122,667
Edited 10:59pm Dec 21, 2020 10:09pm | Edited 10:59pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

1.223 support break in effect. Entered 2 shorts at 1.2224 and 1.2227. Hopefully it will drop steady all night, allowing me to trail it....

Yeah, I'm a night time trader. I tend to see things clearer when everything is quiet. My gut tells me this is the last we'll see of the 1.22 arena for the next few weeks. I sense a growing risk off bias in the market that should fully materialize the next few days.

You cannot fail if you never give up.

#122,668
Dec 21, 2020 11:33pm Dec 21, 2020 11:33pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Financial aid bill just got passed. EUR/USD hitting support at 1.222. I manually closed my shorts for now +10 pips total.
Possible spike up until middle of London/New York session. I should get some sleep now and wait till then.
I may be wrong. We'll see.

You cannot fail if you never give up.

#122,669
Dec 22, 2020 12:19am Dec 22, 2020 12:19am

Austyno
Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts

I have a sell limit at 1.22657 if we get there ( based on one of my rules, we are supposed to, but it's uncertain)
Key resistance is at 1.22482
My target today is 50 pips for both sl and tp

P.s if price gets to the sell limit, bulls will automatically have upper hand because we would have taken out yesterday's high and it would be a matter of buying dips. But don't hold your breath, as bears can also decide to take out the lows of yesterday. All the same... Bears have upper hand now.

Risk comes from not knowing what to do

#122,670
Dec 22, 2020 12:32am Dec 22, 2020 12:32am

andvk74
Joined Jun 2018 | Status: Trader | 3,083 Posts

Will open LONG in the BUY zone with a TARGET above last weeks high.

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#122,671
Dec 22, 2020 12:32am Dec 22, 2020 12:32am

Endoephemera
Joined May 2014 | Status: Alive | 523 Posts

Quoting Endoephemera

Disliked

{quote} I hedged my short 8 hours ago. Went net short 1.2250 medium heavy and reduced it 1.2230 A new high above 1.2251x would be cause for concern for short hypothesis. But I think we'll hit 1.2200 area before any challenge up. That's the critical area. From there either way. I'm thinking of staying up to watch what happens at 1.2200 Go long heavy if I spot a good base.

Ignored

Slept only a couple of hours. Partly paid off. Cut half my 1.2250 short [refilled at early Asia up thrust that didn't take out the high] for 30 PiPs. Other half still up expecting lower low 1.2200 area test in next hour or so. [I reconsidered yesterday's low and I now recognize it could have been the swing low. Didn't see it yesterday]
From there either way, but leaning for upside.

Practitioner of the cryptic trading arts