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EURUSD only

  • #124,081
  • Jan 14, 2021 4:34am Jan 14, 2021 4:34am
Quoting four.owls
{quote} Good evening from Queensland, Australia! Thanks for your regular posts, they are both informative and interesting. Just wondering about your use of the DXY, as I used to watch it, but didn't seem to get a lot of information from it. How do you use it in conjunction with the EU? As a divergence tool mainly? Thanks in advance!
Well, in general DXY and EUR are moving the same just as a mirror image. So they create highs and lows and if DXY for example runs above a short term HIGH - EUR will run below a short term LOW. But if the system BREAKS (so to say), then it's usually a SIGN for a short term reversal. Just see for yourself and you'll notice this happening almost ALL the time. Of course they're other factors we have to consider as well, but I found this as the BEST indicator to spot a short term reversal points.
  • #124,082
  • Jan 14, 2021 4:39am Jan 14, 2021 4:39am
Quoting andvk74
This is crazy, another H4 closed and NO confirmation. WAITING for another H1. Patience is the KEY. {image}
Slightly unrelated question. What colour is your background?
  • #124,083
  • Jan 14, 2021 4:43am Jan 14, 2021 4:43am
Let's see how it unfolds today. This is what I have on my charts as of now. As you can see they're almost identical. And so far moving the same (with NO breaks in the system, as I call it)
Attached Image (click to enlarge)
Click to Enlarge Name: DXY and EUR SMT chart 111.png Size: 77 KB
  • #124,084
  • Jan 14, 2021 4:52am Jan 14, 2021 4:52am
In the last two days I read a lot from MMs like „EURUSD will probably go down further before making new highs again“. Often when many investors have such a trading plan prices would rise right away instead of dropping first. Let‘s see.
Another day, another dollar.
  • #124,085
  • Jan 14, 2021 4:58am Jan 14, 2021 4:58am
Quoting ursinho4711
{quote} Perfect scenario already for some days, weeks. Oscillating in the trend channel and not going in one direction steadily. Low inclination.
Thanks.. My H4 chart that I posted yesterday helps me a lot..

*While inside the falling wedge yes bears have the upper hand.. but if day brings a break-out bulls will kick in heavy.. For now 1.2175/87 area is strong resistance!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Status-Update.png Size: 34 KB
Focus only on what truly matters!
  • #124,086
  • Jan 14, 2021 5:13am Jan 14, 2021 5:13am
It seems the big players wait Fed chair Powell Speaks witnin 6 hours after London close.
  • #124,087
  • Jan 14, 2021 5:27am Jan 14, 2021 5:27am
IMO all these tails look very suspect. I see it stalls before it's going to run below it. Time will tell.
It also left a trap (as I refer to it) inside the yellow box.
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd H4.png Size: 65 KB
Attached Image
  • #124,088
  • Jan 14, 2021 5:48am Jan 14, 2021 5:48am
Once current hourly candle closes (13 more minutes) I will begin to watch 1.2151 area if it acts supportive or not.. I expect bulls to show themselves much more obvious soon if we see strong support..

Stay Green
Focus only on what truly matters!
  • #124,089
  • Jan 14, 2021 5:50am Jan 14, 2021 5:50am
It looks to me it'll hit 1.2191 and then probably 1.2211.

A 60 pips sideways for rest of the week.
  • #124,090
  • Jan 14, 2021 5:51am Jan 14, 2021 5:51am
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts
every EURUSD Trader must check this link out https://www.forexfactory.com/news/10...-at-key-levels

it is very crucial...trade to trade another day
  • #124,091
  • Jan 14, 2021 5:58am Jan 14, 2021 5:58am
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts
every EURUSD Trader must check this link out

https://www.forex.com/en-us/market-a...eurusd-nzdusd/
https://www.forexfactory.com/news/10...-at-key-levels
https://corporate.nordea.com/article...d-turn-hawkish

it is very crucial...trade to trade another day
  • #124,092
  • Jan 14, 2021 6:04am Jan 14, 2021 6:04am
Quick S/R Levels for Today

While above 1.2133 be careful not to get fooled by bears.. Bulls are lurking!!!!!

*1.2183 is nearest resistance!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-Status-Update.png Size: 27 KB
Focus only on what truly matters!
  • #124,093
  • Jan 14, 2021 6:10am Jan 14, 2021 6:10am
Managed to grab 10 pips on the wedge on the short side but my scalper fingers weren't quick enough to get much on the morning moves.. bounce off the supply was obvious in hindsight, as was the break and retest of the double bottom/W pattern
Attached Image (click to enlarge)
Click to Enlarge Name: eurtoday21.jpg Size: 155 KB
  • #124,094
  • Jan 14, 2021 6:13am Jan 14, 2021 6:13am
Looks like we're going to see some movement in about 15 min. Get ready!
Attached Image (click to enlarge)
Click to Enlarge Name: 111.png Size: 3 KB
  • #124,095
  • Jan 14, 2021 6:14am Jan 14, 2021 6:14am
30M TF MACD is interesting and might follow what was happened last Tuesday before going short. Be careful.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210114-150552-1.jpg Size: 199 KB
  • #124,096
  • Jan 14, 2021 6:17am Jan 14, 2021 6:17am
For me a very important level on M15 is 1.21445 - if M15 closes below it, then the next stop is going to be a NEW WEEKLY LOW.
  • #124,097
  • Jan 14, 2021 6:19am Jan 14, 2021 6:19am
I'm just waiting for the market to make a FIRST MOVE and then I'll react.
  • #124,098
  • Jan 14, 2021 6:27am Jan 14, 2021 6:27am
Now my attention is HERE.
Attached Image (click to enlarge)
Click to Enlarge Name: DXY and EUR SMT chart 111.png Size: 77 KB
  • #124,099
  • Jan 14, 2021 6:30am Jan 14, 2021 6:30am
Previous turning point was just one 15 min bar before the predicted bar and it was a nice low
Another EUR/USD turning point on 1H chart which will occur on 2021.01.14
EST time in 15 min time frame included
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_2021.01.14_2.PNG Size: 39 KB
  • #124,100
  • Jan 14, 2021 6:35am Jan 14, 2021 6:35am
Waiting for H1 to close before engaging. I let the market cool off after a news driver. Usually the market moves at the end of the hourly candle (3-5 min. before it closes)
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