Attachments: EURUSD only

EURUSD only

#124,821
Jan 22, 2021 2:15pm Jan 22, 2021 2:15pm

Vincent1
Joined Aug 2019 | Status: Trader | 598 Posts

Quoting Glpp

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{image}

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Excellent analysis, I have a similar view with EurUsd going at 1.15 and 1.08

#124,822
Jan 22, 2021 2:32pm Jan 22, 2021 2:32pm

nic9man
Joined Jun 2020 | Status: Trader | 1,175 Posts

Quoting Glpp

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{image}

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The last high was way below the upper resistance of the green channel. Hence it would not be a surprise if it would break through the green support line.

Another day, another dollar.

#124,823
Jan 22, 2021 2:36pm Jan 22, 2021 2:36pm

nic9man
Joined Jun 2020 | Status: Trader | 1,175 Posts

Quoting nic9man

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Attached a picture of a very long-term DXY diamond pattern (monthly candeles) in order to illustrate that this might well be a long-term decision zone for the USD in general. In the area where the diamond ended we had three masssive fake breakouts to the upside, but the final breakout seemed to be to the downside. Yesterday the former resistance line (red) was nearly retested. Generally I would give up bull hopes for the time being if this manages to go substentially above 98. {image}

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As I showed in the attached graph of the quoted message the DXY can also be seen as a diamond with target 80. When I posted it it was at 97.4 so we nearly made half the way.

Another day, another dollar.

#124,824
Jan 22, 2021 3:04pm Jan 22, 2021 3:04pm

Glpp
| Joined Feb 2012 | Status: Trader | 87 Posts

Channel Green EURUSD

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#124,825
Jan 22, 2021 3:05pm Jan 22, 2021 3:05pm

Glpp
| Joined Feb 2012 | Status: Trader | 87 Posts

Quoting nic9man

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{quote} The last high was way below the upper resistance of the green channel. Hence it would not be a surprise if it would break through the green support line.

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it's possible

#124,826
Jan 22, 2021 3:15pm Jan 22, 2021 3:15pm

Glpp
| Joined Feb 2012 | Status: Trader | 87 Posts

Quoting Alorente

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{quote} Ata, I know you don´t 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.

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I think the same
The market will speak

#124,827
Jan 23, 2021 6:04am Jan 23, 2021 6:04am

ursinho4711
Joined Nov 2019 | Status: Trader | 1,121 Posts

Quoting Glpp

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Channel Green EURUSD {image} {image}

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The question is (especially with these weekly, monthly TFs), how long will the channel continue? from 2002 to 2007/2008 (roughly) it was an up channel, since then a long travel down. But who knows if a new long channel up was started around end of 2019?
There is a quote: football is not maths

#124,828
Jan 23, 2021 7:05am Jan 23, 2021 7:05am

Glpp
| Joined Feb 2012 | Status: Trader | 87 Posts

Quoting ursinho4711

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{quote} The question is (especially with these weekly, monthly TFs), how long will the channel continue? from 2002 to 2007/2008 (roughly) it was an up channel, since then a long travel down. But who knows if a new long channel up was started around end of 2019? There is a quote: football is not maths

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I share that. They are just levels and possibilities to look at

#124,829
Jan 23, 2021 8:12am Jan 23, 2021 8:12am

corongumet
Joined Dec 2018 | Status: Trader | 1,483 Posts | Online Now

Quoting Glpp

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{quote} I share that. They are just levels and possibilities to look at

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Could you give to me an elliot wave chart for weekly time frame (if you dont mind)?

#124,830
Jan 23, 2021 12:11pm Jan 23, 2021 12:11pm

Traderview
Joined Sep 2017 | Status: Trader | 4,492 Posts

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#124,831
Jan 23, 2021 12:40pm Jan 23, 2021 12:40pm

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,126 Posts | Online Now

H1 Status Update

For my followers: Based on most current situation 1.2160 is nearest support.. I know it is a choppy phase but based on my rules, as long as H1 candles open above buy level: 1.2160 I stay bullish or keep buying dips..

Enjoy your weekends

Stay Green

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Focus only on what truly matters!

#124,832
Jan 23, 2021 4:58pm Jan 23, 2021 4:58pm

nic9man
Joined Jun 2020 | Status: Trader | 1,175 Posts

Quoting Traderview

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{image}

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Finally bullish again..

Another day, another dollar.

#124,833
Edited 11:53pm Jan 23, 2021 11:42pm | Edited 11:53pm

corongumet
Joined Dec 2018 | Status: Trader | 1,483 Posts | Online Now

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it's my second scenario's, if I get stopped out I will out of the market until the limit active

#124,834
Jan 24, 2021 12:35am Jan 24, 2021 12:35am

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting nic9man

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{quote} Finally bullish again..

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Or not... We're heading down first to below 1.20 this week to penetrate the gap made by the Dec 1, 2020 bullish breakout D1 candle, then maybe come back up to retest 1.23+
before real drop down to 1.16 or lower.
After that maybe 1.25-1.30 during late summer/fall.
Mark my words.

You cannot fail if you never give up.

#124,835
Edited 4:07am Jan 24, 2021 3:46am | Edited 4:07am

macdulio
Joined Oct 2013 | Status: Trader | 1,079 Posts

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Channel target: 1.2114

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#124,836
Jan 24, 2021 3:50am Jan 24, 2021 3:50am

ursinho4711
Joined Nov 2019 | Status: Trader | 1,121 Posts

Quoting 7154Superman

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below 1.20 this week to penetrate the gap made by the Dec 1, 2020 bullish breakout D1 candle, then maybe come back up to retest 1.23+ before real drop down to 1.16 or lower. After that maybe 1.25-1.30 during late summer/fall

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Interesting. But is there any evidence? Or just a shot in the dark?

#124,837
Jan 24, 2021 6:53am Jan 24, 2021 6:53am

Traderview
Joined Sep 2017 | Status: Trader | 4,492 Posts

Quoting nic9man

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{quote} Finally bullish again..

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#124,838
Jan 24, 2021 7:00am Jan 24, 2021 7:00am

dibs007
| Joined Feb 2020 | Status: Trader | 14 Posts

Quoting 7154Superman

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{quote} Or not... We're heading down first to below 1.20 this week to penetrate the gap made by the Dec 1, 2020 bullish breakout D1 candle, then maybe come back up to retest 1.23+ before real drop down to 1.16 or lower. After that maybe 1.25-1.30 during late summer/fall. Mark my words.

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4HR TF,showing bullish.. 1HR...still bullish.... there will be a fall before the rise but its going to occur at 0900hrs to 1100hrs before going up... if i predicted right. But its all anylsis let's wait and see...

#124,839
Edited 12:28pm Jan 24, 2021 9:19am | Edited 12:28pm

v2vboni
Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts

H1 chart | H4 MTF mode

Sell: on or between 1.21925 down to 1.21725
TP: 1.20800

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..an optional intraday setup: TP @ 1.21125

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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way

#124,840
Jan 24, 2021 10:16am Jan 24, 2021 10:16am

ursinho4711
Joined Nov 2019 | Status: Trader | 1,121 Posts

Everybody has a different view, very educating... here is mine (H4 TF)

If the upper line of "my" trend channel will be broken, then the next level we aim for is 1.2273 (which we had before mid of Decenber)

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