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  • #124,481
  • Jan 19, 2021 9:21am Jan 19, 2021 9:21am
Not jumping in too early here, ideal would be a H4 bearish close but that's a few hours away.
An M15 upswing with a bearish close near the previous High would be an early short trigger for me.

Grtz
What's that smell? ---- I smell money!
  • #124,482
  • Jan 19, 2021 9:25am Jan 19, 2021 9:25am
It'll be interesting to see what effect the Conte vote and Yellen hearing will have.
A wise man changes his mind, a fool never will
  • #124,483
  • Edited 9:48am Jan 19, 2021 9:38am | Edited 9:48am
I said I wanted this candle or the next to end up in an overwhelming engulfing and I nailed it to the pip. Confidence for my long has been 100% gained back! Anyone see a similar stop hunt pattern hmmmmm? The real question now is if we can break the high at 1.2144 , if we break below the 1.212 area i predicted then I will be scared, but I just can't see that happening. We'll find out in 20-35 minutes

(Ignore the green line, when I zoom in on smaller time frames my lines get messed up, that green line is really at the 1.2152 area where I expected the pullback to occur but it was here instead) To be honest, we could see a pullback at 1.2152 if it reaches but since we just had one, I have a good feeling it'll just punch through and not look back until the next correction if any. If it does, it would probably happen be a pull back to 1.21736 after touching 1.21975 or 1.22214 (a wild guess) because I doubt they will give any more opportunities for retail traders to enter after 3 very clear stop hunts.
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  • #124,484
  • Jan 19, 2021 9:39am Jan 19, 2021 9:39am
Caught some 10 pips from buying 1.2121.. Now trying to catch a scalp-sell..

Stay Green
Focus only on what truly matters!
  • #124,485
  • Jan 19, 2021 9:44am Jan 19, 2021 9:44am
Quoting lucky1359
{quote} {image}
Hi!
Could you please the template from the both images?
Thnx
  • #124,486
  • Edited 9:58am Jan 19, 2021 9:48am | Edited 9:58am
Sold here... stops to BE asap, looking for 20 pips or so

Edit- just booked 10 pips/2xR. Waiting for longs.
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  • #124,487
  • Jan 19, 2021 10:01am Jan 19, 2021 10:01am
Entered short with SL 1x H4 ATR.

Grtz
Attached Image (click to enlarge)
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What's that smell? ---- I smell money!
  • #124,488
  • Jan 19, 2021 10:22am Jan 19, 2021 10:22am
Now I am on sidelines again.. Market went flat..

*Above 1.2121 bulls have the upper hand..

Stay Green
Focus only on what truly matters!
  • #124,489
  • Jan 19, 2021 10:28am Jan 19, 2021 10:28am
EUR/USD turning point on 4H chart which will occur on 2021.01.19
It coincided with 1H turning point. I forgot to post it before.
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  • #124,490
  • Jan 19, 2021 10:29am Jan 19, 2021 10:29am
I'm still long, this looks like accumulation of positions. One side is in for a big upset
  • #124,491
  • Jan 19, 2021 10:37am Jan 19, 2021 10:37am
Now there is a bigger falling wedge on M15 indicating that 1.2120 will hold.
Another day, another dollar.
  • #124,492
  • Jan 19, 2021 10:42am Jan 19, 2021 10:42am
Quoting Kyuu
I'm still long, this looks like accumulation of positions. One side is in for a big upset
Agree, expected a slightly bigger drop to one of the fib retracement levels from yesterdays low to todays high, but I also see the wedge forming on 5m
  • #124,493
  • Jan 19, 2021 11:02am Jan 19, 2021 11:02am
...now forming the handle of the "cup and handle"...
  • #124,494
  • Jan 19, 2021 11:17am Jan 19, 2021 11:17am
Hi,

still short... if price goes down, first tp is 1,2078.

As long as we are below the 1,215 zone I'm bearish bias.

Best
Chriss
  • #124,495
  • Edited 11:43am Jan 19, 2021 11:17am | Edited 11:43am
If you look at my previous post you can see there has been bull stop hunts price wicks 3 times so far which to me means accumulation of bulls.

since the big boys are long, that Means this accumulation is either them selling off at a profit without dropping price due to immense buying pressure or they're accumulating more long positions because of existing selling pressure

i can’t see why the majority of people would be buying at this level, and if banks were selling their position into selling areas, price would drop quickly like it did at 1.222 (clear wick up = stop hunts then direction) when I was supposed to be short but fell asleep.

unless we see a major spike up now then price dropping rapidly (short stop hunt) and unless 1.211 breaks below, I’m very confident in my original prediction of price going to 1.24-1.25 straight. This would be the perfect accumulation for it as well and continuation of the uptrend
came to 1.21736, I would appreciate 2 big bull 15 minute candles now to close the 4 hour at 1.21261, or even better 1.2134-36 so we can use the momentum to close the daily at 1.21736, if it closes at 1.21261 I feel the daily will just close at 1.2152 assuming my long is correct
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  • #124,496
  • Jan 19, 2021 11:38am Jan 19, 2021 11:38am
Quoting Kyuu
If you look at my previous post you can see there has been bull stop hunts price wicks 3 times so far which to me means accumulation of bulls. since the big boys are long, that Means this accumulation is either them selling off at a profit without dropping price due to immense buying pressure or they're accumulating more long positions because of existing selling pressure i can’t see why the majority of people would be buying at this level, and if banks were selling their position into selling areas, price would drop quickly like it did at 1.222...

I hope your right I am positioned for this
  • #124,497
  • Edited 12:05pm Jan 19, 2021 11:46am | Edited 12:05pm
Looks like they gave me 1 of my 2 bull candles and the bear 15 min candle reversed, a bigger second bull candle would be dank thanks market makers

Edit: 15 min candle end bear, could be dead market for the rest of the day, a small push up would be nice but a push down below 1.211 should concern all bulls

A daily/4h touch/close at 1.2152~1.215 would be optimal
  • #124,498
  • Jan 19, 2021 12:47pm Jan 19, 2021 12:47pm
Quoting peterfahey
{quote} I hope your right I am positioned for this
I'm not sure where you entered, but right now we're in a corrective wave. This can either end soon or it can drop all the way down to 1.2078 before bouncing back up, anything can happen. My SL is break even so I don't have to really worry if my seemingly perfect is going to go against me. Sucks that I had 40 pips on the table, but I expected the pullback at 1.2152 and not 1.21441

Right now, it's more likely that price will come to at least 1.211 area because it's a 61.8% retracement and it would make a head and shoulders + a new low before breaking upwards. If it breaks that level I will get stopped and look to enter long at 1.20783.

The reason for this selling pressure is obvious (attached) , but due to my own strategy I believe this will break and turn into an uptrend. There are basically 3 possibilities from what I see
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  • #124,499
  • Jan 19, 2021 1:08pm Jan 19, 2021 1:08pm
Quoting Kyuu
{quote} I'm not sure where you entered, but right now we're in a corrective wave. This can either end soon or it can drop all the way down to 1.2078 before bouncing back up, anything can happen. My SL is break even so I don't have to really worry if my seemingly perfect is going to go against me. Sucks that I had 40 pips on the table, but I expected the pullback at 1.2152 and not 1.21441 Right now, it's more likely that price will come to at least 1.211 area because it's a 61.8% retracement and it would make a head and shoulders + a new low before...

I was in the same boat expecting a pause hear took 3/4 of my trade of the table at this zone but left 1/4 as I can see it testing the the January highs or close to. I may be wrong just have an issue with taking profits I always like to leave a bit in.

I am long from 1.20618
  • #124,500
  • Jan 19, 2021 1:11pm Jan 19, 2021 1:11pm
Quoting Kyuu
but I expected the pullback at 1.2152 and not 1.21441
at the end of the day we are all smarter (or: if we had known before)...
Anticipating that Frankfurt open would mark the 61.8 (or 38.2, whatever you want). Then the high would have been clear.
(to be honest, I expected the high even higher at around 1.2166)

For fibo lovers (H1)
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