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  • #123,641
  • Jan 8, 2021 2:59am Jan 8, 2021 2:59am
Quoting tehtawar
If 1.2220 failed We heading to 1.22. Very nice level to buy, but if it break we heading to 1.2150. {image}
1 candle down and we see upside after NFP?
Attached Image (click to enlarge)
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Stay low, Go fast - No luck, All skill
  • #123,642
  • Jan 8, 2021 3:03am Jan 8, 2021 3:03am
hi guys, remember 1.212 support area?
price going to visit it soon.
something like 100P from now, so Mon or Tue IMO.
if it wont hold, 1.205
after that 1.197, this number will be a big big buy if we get there.
enjoy.

pink line.
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  • #123,643
  • Jan 8, 2021 3:15am Jan 8, 2021 3:15am
Quoting mysterio
Shorted the breakout and longed on support/bottom of channel... stop to BE already {image}
Annoyingly kissed my entry and took me out BE so FOMO long'ed at 12222, stop to BE again.. last try!
  • #123,644
  • Jan 8, 2021 3:33am Jan 8, 2021 3:33am
its friday most of the time one way market
Always with a Road Not Taken
  • #123,645
  • Jan 8, 2021 4:00am Jan 8, 2021 4:00am
Closed here because of TIME factor. Waiting for 2 hourly candles to close.
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  • #123,646
  • Jan 8, 2021 4:00am Jan 8, 2021 4:00am
Wow H4 close still support by trendline
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Stay low, Go fast - No luck, All skill
  • #123,647
  • Jan 8, 2021 4:15am Jan 8, 2021 4:15am
poker face START!
  • #123,648
  • Jan 8, 2021 4:15am Jan 8, 2021 4:15am
Quoting Ata-Turkoglu
H4 Status Update Median area of inner channel was weak.. Golden touch to 1.2268 did its job.. Now bears are continuing their course towards 1.2208 area.. Splendid Stay Green {image}
Well I hope so too...bulls are trying to fight back! My TP is around the 1.22159....go Bears!!
  • #123,649
  • Jan 8, 2021 4:18am Jan 8, 2021 4:18am
Exited long.. might retrace a little from here, may look to re-enter at a lower price
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  • #123,650
  • Jan 8, 2021 4:39am Jan 8, 2021 4:39am
Hi,
so what does the house expect? Bad or good dollar data (nfp)?
Reading the news article, it should be bad data. Do we have a fundamental pro here?

Best
Chriss
  • #123,651
  • Jan 8, 2021 4:47am Jan 8, 2021 4:47am
The blue wave have become reality, so who cares about NFP
Another day, another dollar.
  • #123,652
  • Jan 8, 2021 4:50am Jan 8, 2021 4:50am
Quoting chrissfx
Hi, so what does the house expect? Bad or good dollar data (nfp)? Reading the news article, it should be bad data. Do we have a fundamental pro here? Best Chriss
The big question is whether investors will shrug off a soft release just like they have every piece of bad news we’ve had this year. The rallies in currencies and equities will probably continue as long as job growth is positive but a negative read may be hard to ignore especially at the onset. Vaccines are being rolled out but it will be a long time before large swaths of the population are vaccinated. As a result, lockdown measures will remain in place and could toughen before they are eased. Negative job growth will erase today’s gains in USD/JPY and send EUR/USD to fresh multiyear highs. Anything in excess of 80K would be positive as long as there isn’t a major spike in the unemployment rate or slowdown in wage growth. Throughout last year and into this one, investors have looked past weak data so while NFPs are important, most people have discounted a softer release.
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Stay low, Go fast - No luck, All skill
  • #123,653
  • Jan 8, 2021 5:20am Jan 8, 2021 5:20am
Quoting tehtawar
The big question is
For the original source read
https://www.forex.com/en-us/market-a...fore-the-dawn/
That's also where the table comes from...
  • #123,654
  • Jan 8, 2021 5:28am Jan 8, 2021 5:28am
Quoting tehtawar
{quote} The big question is whether investors...
Thanks
  • #123,655
  • Jan 8, 2021 5:28am Jan 8, 2021 5:28am
I'd like to see H1 close above 1.2292 before I consider to open a LONG. A close above that level will be my confirmation for the bullish bias.
For now I'm waiting for H1 to close. No open trades at this time.
Attached Image (click to enlarge)
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  • #123,656
  • Jan 8, 2021 5:35am Jan 8, 2021 5:35am
To start with at least a close above 1.2260. Otherwise I still expect that we might see a run below 1.2208 first, before reversing to the upside.
Attached Image (click to enlarge)
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  • #123,657
  • Jan 8, 2021 5:41am Jan 8, 2021 5:41am
The key seems to be in 1.2275...
  • #123,658
  • Jan 8, 2021 5:44am Jan 8, 2021 5:44am
I can sniff euro at 1.214xxx level today...Lets see
Have a sell stop order at 1.2207
SL 1.2277
TP 1.2142
Good things comes in pairs...
  • #123,659
  • Jan 8, 2021 5:53am Jan 8, 2021 5:53am
Quoting heftee
I can sniff euro at 1.214xxx level today...Lets see Have a sell stop order at 1.2207 SL 1.2277 TP 1.2142
Why?
  • #123,660
  • Jan 8, 2021 5:58am Jan 8, 2021 5:58am
Quoting cgs-trading
{quote} Why?
Last H4 candle on my chart signals a pull back to the down side, and to filter a false signal, my sell stop order is below the wick of the h4.
Good things comes in pairs...
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