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  • #124,781
  • Jan 22, 2021 5:31am Jan 22, 2021 5:31am
Quoting Ata-Turkoglu
{quote} Maybe.. but 1.2164 is an important support on H1.. While above selling is too early in my thinking.. Good luck though Stay Green
Hi Ata, I remembered when around two weeks ago you shared the chart using wave analysis, I think EU will make last push up to 1.2270 - 1.2280 area or maybe fake bullish to 1.23 area then big drop happens, so when everbody thinks about selling right now, MM wants to deceive us to short with current price then it will go higher and higher till that area, afterwards we may see a drop coming when reach 2270 - 2280 where the condition I think makes people confidence to buy as PA show bullish bias whereas its fake bull..
  • #124,782
  • Jan 22, 2021 5:32am Jan 22, 2021 5:32am
Staying out but I'll possibly sell between 2202-18 depending if/when it hits. I have a confluence of resistance around that area plus if we turn todays PA into a channel, if the upper end combines with a resistance i'll try a sell as we still have divergence. Ideal would be a quickish spike around NY open to leave H1/H4 wedge/channel intact.
  • #124,783
  • Jan 22, 2021 5:35am Jan 22, 2021 5:35am
Quoting hans91
{quote} Hi Ata, I remembered when around two weeks ago you shared the chart using wave analysis, I think EU will make last push up to 1.2270 - 1.2280 area or maybe fake bullish to 1.23 area then big drop happens, so when everbody thinks about selling right now, MM wants to deceive us to short with current price then it will higher and higher till that area, afterwards we may see a drop coming when reach 2270 - 2280 where the condition I think makes people confidence to buy as PA show bullish bias whereas its fake bull..
Elliot wave is subjective.
  • #124,784
  • Jan 22, 2021 5:51am Jan 22, 2021 5:51am
Quoting hans91
Hi Ata, I remembered when around two weeks ago you shared the chart using wave analysis, I think EU will make last push up to 1.2270 - 1.2280 area or maybe fake bullish to 1.23 area then big drop happens, so when everybody thinks about selling right now, MM wants to deceive us to short with current price then it will go higher and higher till that area, afterwards we may see a drop coming when reach 2270 - 2280 where the condition I think makes people confidence to buy as PA show bullish bias whereas its fake bull..
Possible.. I had that in mind too when this day started with that spike.. 1.2260/80 area fits also well for the D leg of a potential "Cypher" on Daily chart.. But before these "potential" highs we have 1.2212/22 area and I will watch first how it goes there.. Let's see..

Stay Green
Focus only on what truly matters!
  • #124,785
  • Jan 22, 2021 5:53am Jan 22, 2021 5:53am
Quoting Alorente
{quote} I usually enter in three parts, so my first trade is usually early. If it climbs higher I will open the other 2 trades.
The same as mine!
  • #124,786
  • Jan 22, 2021 5:58am Jan 22, 2021 5:58am
I don't think human big traders are intervening too much at the moment. Looks like they are just watching if their programs do the right stuff. Never seen lines being hit that exactly. Maybe it is the Biden boredom?
The fibo I was drawing and posting already yesterday. Take a look at todays H1 candle marked with the arrow. Algos...
The red line by the way I carry with me for some weeks as a reminder of an important resistance.

Attached Image (click to enlarge)
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  • #124,787
  • Jan 22, 2021 6:09am Jan 22, 2021 6:09am
Move below 1.2164 will be hard and quick. Likely last hr of this 4hr.
  • #124,788
  • Jan 22, 2021 6:37am Jan 22, 2021 6:37am
Quoting Traderview
Move below 1.2164 will be hard and quick. Likely last hr of this 4hr.
Looks like it doesn't want to wait
  • #124,789
  • Jan 22, 2021 6:41am Jan 22, 2021 6:41am
I took the bear bait, basically a 5m wedge forming at the top of a higher TF wedge after some noise this morning. Either we bounce from here or hopefully free fall..
Attached Image (click to enlarge)
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  • #124,790
  • Jan 22, 2021 6:46am Jan 22, 2021 6:46am
Quoting Alorente
{quote} I usually enter in three parts, so my first trade is usually early. If it climbs higher I will open the other 2 trades.
I was able to enter two positions with average price of 2182. It looks like it is dropping now.
Observation is the path to discovery.
  • #124,791
  • Jan 22, 2021 6:52am Jan 22, 2021 6:52am
Quoting Alorente
{quote} I was able to enter two positions with average price of 2182. It looks like it is dropping now.
You are absolutely right!
But the running 1hr candle needs to close below 1.2158.
  • #124,792
  • Jan 22, 2021 7:05am Jan 22, 2021 7:05am
Remember that when market opened this week I jokingly said: 1.2166 will be a resisting bitch based on H4... Now be careful if this level (give or take 5 to 10 pips) turns into support.. I still prefer to wait and be sure..

*Let's see where the current H4 candle will close.. 50 more minutes based on my broker..

Stay Green
Focus only on what truly matters!
  • #124,793
  • Jan 22, 2021 7:11am Jan 22, 2021 7:11am
Quoting Alorente
{quote} I was able to enter two positions with average price of 2182. It looks like it is dropping now.
TP: 2105 which is the 61.8% retracement of the last swing higher.
Observation is the path to discovery.
  • #124,794
  • Jan 22, 2021 7:15am Jan 22, 2021 7:15am
Quoting Ata-Turkoglu
{quote} Possible.. I had that in mind too when this day started with that spike.. 1.2260/80 area fits also well for the D leg of a potential "Cypher" on Daily chart.. But before these "potential" highs we have 1.2212/22 area and I will watch first how it goes there.. Let's see.. Stay Green
If we will not reach today 1.2260/80 w can expect it in a coming days or that wave is gone ?
  • #124,795
  • Jan 22, 2021 7:17am Jan 22, 2021 7:17am
Quoting Ata-Turkoglu
Remember that when market opened this week I jokingly said: 1.2166 will be a resisting bitch based on H4... Now be careful if this level (give or take 5 to 10 pips) turns into support.. I still prefer to wait and be sure.. *Let's see where the current H4 candle will close.. 50 more minutes based on my broker.. Stay Green
Ata, I know you donīt want us to mention other pairs, commodities, etc. but at the risk of getting scolded, I do note what is happening to gold today. This is turning quickly into a risk off market. The $ is king with risk off. A covid selloff may be in the works.
Observation is the path to discovery.
  • #124,796
  • Jan 22, 2021 7:18am Jan 22, 2021 7:18am
Quoting Ziemowit
{quote} If we will not reach today 1.2260/80 w can expect it in a coming days or that wave is gone ?
Well let's say, and I am speaking very roughly, as long as 1.2140 area supports the wave up could be still in play..

Stay Green
Focus only on what truly matters!
  • #124,797
  • Jan 22, 2021 7:20am Jan 22, 2021 7:20am
Quoting Alorente
{quote} Ata, I know you donīt want us to mention other pairs, commodities, etc. but at the risk of getting scolded, I do note what is happening to gold today. This is turning quickly into a risk off market. The $ is king with risk off. A covid selloff may be in the works.
Yes please no mention of other pairs.. EURUSD tells the story clearly and loudly for those who are focused..

Now... I want you to be careful for a potential Gartley on M15 that might push price up again.. (A touch to 1.2150 cancels the pattern)

Stay Green
Focus only on what truly matters!
  • #124,798
  • Jan 22, 2021 7:23am Jan 22, 2021 7:23am
Quoting Ata-Turkoglu
{quote} Yes please no mention of other pairs.. EURUSD tells the story clearly and loudly for those who are focused.. Now... I want you to be careful for a potential Gartley on M15 that might push price up again.. (A touch to 1.2150 cancels the pattern) Stay Green
Thanks for the info. I moved my stop to BE so Iīm fine whatever happens.
Observation is the path to discovery.
  • #124,799
  • Jan 22, 2021 7:33am Jan 22, 2021 7:33am
Quoting Alorente
{quote} Ata, I know you donīt want us to mention other pairs, commodities, etc. but at the risk of getting scolded, I do note what is happening to gold today. This is turning quickly into a risk off market. The $ is king with risk off. A covid selloff may be in the works.
You're spot on, bro. This is one of those days when fundamentals will override technicals until we hit bottom. Just get in and ride.
You cannot fail if you never give up.
  • #124,800
  • Jan 22, 2021 7:36am Jan 22, 2021 7:36am
Quoting Ziemowit
{quote} If we will not reach today 1.2260/80 w can expect it in a coming days or that wave is gone ?
IMO that level will not be seen again for a few weeks at least, maybe not for a few months.
You cannot fail if you never give up.
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