Attachments: EURUSD only

EURUSD only

#124,901
Jan 25, 2021 7:36am Jan 25, 2021 7:36am

Kyuu
| Joined Dec 2020 | Status: Trader | 732 Posts

I'm still long bias, this 1 min red spike is either the break of support or a stop loss hunter to take long positions before immediately flying back up , we'll figure out in the next few minutes, this will be the close of the hour and 4 hour

If price breaks below 1.21258 , I will be exiting my long at a small profit

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#124,902
Jan 25, 2021 7:40am Jan 25, 2021 7:40am

Guztro
Joined Apr 2018 | Status: Trader | 616 Posts

Quoting Traderview

Disliked

{quote} It's the '' D '' leg still forming. It's not finished just delayed.

Ignored

Exactly, what I wanted to point out is the back2back Cypher. The D leg of the incomplete Cypher, next to the B-C leg of the forming bearish Cypher

. that is what I call pattern confluence

.

Trade Safe
Guztro

Charts don't drive price, market conditions drive price...

#124,903
Jan 25, 2021 8:02am Jan 25, 2021 8:02am

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

Quoting Traderview

Disliked

The more time it spent below 1.2164 highly likely it won't go above 1.22. Closely watching this 4hr close. 1 hr to go. A close below 1.2153, then selling swing high with resistance 1.2164 - 1.2173. Lets see

Ignored

This 4hr closed below 1.2153 and most importantly below 1.2148. I'll look for sells above 1.2152 - 1.2164 - 1.2172

#124,904
Jan 25, 2021 8:14am Jan 25, 2021 8:14am

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

DXY is in the spot of make or break. IMO, it looks bullish but a 1hr close below 90.26 will make it hard for bulls.

Lets see

#124,905
Jan 25, 2021 8:18am Jan 25, 2021 8:18am

Kyuu
| Joined Dec 2020 | Status: Trader | 732 Posts

I am still long bias , exit my long for a solid 80 pip profit, shorting until 1.21258 where I'd like to long. I don't see this bouncing up from here

#124,906
Jan 25, 2021 8:22am Jan 25, 2021 8:22am

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

Quoting v2vboni

Disliked

H1 chart | H4 MTF mode Sell: on or between 1.21925 down to 1.21725 TP: 1.20800 {image} ..an optional intraday setup: TP @ 1.21125 {image}

Ignored

...an update: TP @ 1.21170

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

#124,907
Jan 25, 2021 8:35am Jan 25, 2021 8:35am

Shaless
| Joined Jan 2021 | Status: Trader | 6 Posts

Quoting Ata-Turkoglu

Disliked

. *Keep in mind that based on DAILY we have 1.2143 area as nearest support! Stay Green {image}

Ignored

Incredible accurate analysis
Thanks a lot !!

#124,908
Jan 25, 2021 8:51am Jan 25, 2021 8:51am

lucky1359
Joined Nov 2018 | Status: Trader | 1,051 Posts

Quoting lucky1359

Disliked

Important Levels to Watch {image} White - Blue Daily Green - Orange Weekly Aqua - Monthly Down Fibo Levels Thanks & Regards

Ignored

Important Levels Breached after 5 Hours

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Thanks & Regards

#124,909
Jan 25, 2021 8:51am Jan 25, 2021 8:51am

Kyuu
| Joined Dec 2020 | Status: Trader | 732 Posts

Scalped 20 pips short, my long at 1.21258 has been triggered. SL 8 pips, worst case scenario I will re-enter at 1.21019 long if it triggers my stop and if that level breaks, I will no longer be long.

#124,910
Jan 25, 2021 8:53am Jan 25, 2021 8:53am

lucky1359
Joined Nov 2018 | Status: Trader | 1,051 Posts

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#124,911
Jan 25, 2021 8:57am Jan 25, 2021 8:57am

Kyuu
| Joined Dec 2020 | Status: Trader | 732 Posts

This resistance was broken and tested as support, where it broke back down and whipsawed, rejected it as resistance going up, broke through, now it's testing as potential support. I am long at 1.21258 , Ideally the hourly closes above that level as it shows a sign of bulls below that price. Price can still possibly go down to 1.21019 for me, but it would make me question the strength of bulls

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#124,912
Jan 25, 2021 9:01am Jan 25, 2021 9:01am

Kyuu
| Joined Dec 2020 | Status: Trader | 732 Posts

Exited long went back short to make up some small pips, will look to re-enter long at 1.21019 as a final long

#124,913
Jan 25, 2021 9:02am Jan 25, 2021 9:02am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,120 Posts | Online Now

Based on H1, nearest resistance has now dropped down to 1.2137!

Stay Green

Focus only on what truly matters!

#124,914
Edited 9:25am Jan 25, 2021 9:02am | Edited 9:25am

mysterio
Joined Sep 2009 | Status: Trader | 6,009 Posts

Quoting mysterio

Disliked

Any bull true believers can take comfort in the bear flag on DXY on 1h tf, still within its bounds.. I personally won't take any longs til 2118 depending how it looks. There is good support down there along with the bottom of a 4h ascending channel. Looks like indices are all down with talk of more lockdowns in Europe etc but there will likely be some dip buying. 90.05-90.1 is strong support on DXY and is the area to take out for Euro bulls {image}

Ignored

Bought at 2118, will put my stop to BE asap.

Edit- out BE- worth a try!

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