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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

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EURUSD

Quoting Szakhele719
Morning traders, please assist with this type of analysis. If ever I want to analyse Dow Jones and the COT report shows me 3 reports of Dow Jones, which one is the most convenient one... cause I'm struggling to pick the appropriate one thanks will listen from the radio station. {image}
2nd one i guess
Here's my take on the EURUSD. The EURUSD market is presently ambivalent. Price action on the daily time frame is within a rising wedge (blue). There is an increase in bearish pressure as price action became sideways around the wedge resistance trendline. The technical pattern in the rising wedge points to the likelihood of a bearish rotation to, at least, the wedge support trendline. Besides, price action had entered a significant horizontal resistance area, the 1.23000/1.240100 horizontal resistance area (magenta), which was last visited in April 2018. This area is susceptible to a bearish turnaround. I am bearish EURUSD. However, I will await what price action does in the early part of this week before looking for a sell trading opportunity. While the 1.20300 area (sandybrown) is the immediate horizontal support and may be a profit target of bears, the 1.19500 area (green) is a longer-term horizontal support and may be of interest as a profit target for swing traders.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
L= 1.21 82 ....... Longed at 86 now

Can we just stick to EURO USD in this chat , its why I joined this group. All this other noise is distracting.

Anyways I messed up last weeks trade on a long. Need to listen to my own advice what I last posted. I know I should have just cut my losses but I am holding it there should be a bounce around 1.2180 is where I have the next major downside resistance. Keep one fingers crossed for a return to 1.2330 area to reset my brain . my topside projections was 1.2481 before it goes down guess I was wrong.

This big bearish movement started on news of democrat s gaining the Georgia Senate and the official certification of president elect Biden. I see no other fundamentals keeping the USD strong or am I missing something? Anyone else see a future potential of another bullish move before heading down to 1.20/19area?
Stop thinking like a retail trader
Forextrinitrader3.0 Profit This Month: na
Quoting forextrini1
Can we just stick to EURO USD in this chat , its why I joined this group. All this other noise is distracting. Anyways I messed up last weeks trade on a long. Need to listen to my own advice what I last posted. I know I should have just cut my losses but I am holding it there should be a bounce around 1.2180 is where I have the next major downside resistance. Keep one fingers crossed for a return to 1.2330 area to reset my brain . my topside projections was 1.2481 before it goes down guess I was wrong. This big bearish movement started on news of...
Slippery slope. May be best to stick to your risk reward ratio and go lick your wounds until you see bullish momentum is back if you still want to buy. Also suggesting not to try and catch a falling knife.
LOCK IN RE-ENTER
Quoting forextrini1
Can we just stick to EURO USD in this chat , its why I joined this group. All this other noise is distracting. Anyways I messed up last weeks trade on a long. Need to listen to my own advice what I last posted. I know I should have just cut my losses but I am holding it there should be a bounce around 1.2180 is where I have the next major downside resistance. Keep one fingers crossed for a return to 1.2330 area to reset my brain . my topside projections was 1.2481 before it goes down guess I was wrong. This big bearish movement started on news of...
I'm expecting a move up to 1.2250-54 resistance in London/New York session, then just maybe a bull trap spike up to 1.228 or even 1.231 for head and shoulder pattern, but that's about it, then drop down to 1.203-1.195
You cannot fail if you never give up.
Inserted Video
Good morning. EU is bearish after it failed to keep 2226 support and broken weekly level of 2191 at Friday. Now the old support (2226) becames resistance with 2250 round number also a level to watch.

Support comes at 2150 and 2121, before 2081.

I will try some selling today, but there a case of consolidation so it may create an equilibrioum around 2180 or 2160 then the next move should be up to 2284 weekly resistance for a test. I will better don't buy today this last is for tomorrow.

In the news Sentix Investor Confidence is keeping the bears from any selling yet, but the most importand event is Trumps impeachment and US $2.000 stimulus.

Have a great trading week.
Looking for profitable short term trades ...|
EUR/USD turning point on 1H chart which will occur on 2021.01.11
EST time included in 15 min time frame
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waiting for 1.2058 as early signal it may tank further deep ! nearest nominal sr 2128 !take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
up
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It should have gone down to 1.21510 and it did not - which makes me think that today we will see another leg down after a minor correction upwards.
1.21510 cleared, now we will see if we have a major move up or we keep falling.

It is possible to fall to 1.21445, but after that there is a 66% chance of a move up.
Quoting mistaouting
suspect a little sell off soon. Then "maybe" (not a big maybe, but definitely just a maybe) we get close to the 2300 -2500 area MAX and I am calling that the top and that's without considering unknown news obviously....cant wait to see...good luck to everyone! Will narrow down projections with time....but this is my start.
LOCK IN RE-ENTER
not much major support beyond here...trade safe

edit: looking towards 2080-60 area
LOCK IN RE-ENTER
Quoting Techanalyst
Does anyone actually use Bitcoin? Hardly anyone is using the world's largest cryptocurrency for anything beyond speculation. Data from New York-based blockchain researcher Chainalysis Inc. ... "This suggests Bitcoin's top use case remains speculative, and the mainstream use of Bitcoin for everyday purchases is not yet a reality."May 31, 2019
No one usea bitcoin man, look at its first wave down is like 10% of its price, its gonna drop lots more, and by the way INR is looking like a Pleb
twitter and facebook still a buy!!!!!
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Quoting mistaouting
not much major support beyond here...trade safe edit: looking towards 2080-60 area
watch support, area may prove to be buy for euro to break out 2300 probably beyond us turmoil..will wait to see how support holds or how much bears want to take back before dumping shorts...no rush here
LOCK IN RE-ENTER
Quoting Js3mwtRc
Good morning. EU is bearish after it failed to keep 2226 support and broken weekly level of 2191 at Friday. Now the old support (2226) becames resistance with 2250 round number also a level to watch. Support comes at 2150 and 2121, before 2081. I will try some selling today, but there a case of consolidation so it may create an equilibrioum around 2180 or 2160 then the next move should be up to 2284 weekly resistance for a test. I will better don't buy today this last is for tomorrow. In the news Sentix Investor Confidence is keeping the bears from...
EU didn't make it above 2200 today, but the bearish trend continued down as predicted and stoped between the two support levels at 2131. Now I see it geting ready for the next move, but it is not yet clear where.

Also there is the scenario of consolidation and a break of the upside above 2225, but I should see a close above 2191 and a test of around 2140-50 again, before any decision.
Looking for profitable short term trades ...|
I am still long from 1.21 89 and adding now at 1.21 55 SL at 1.21 25

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