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  • #126,421
  • Feb 10, 2021 9:09am Feb 10, 2021 9:09am
Daily S/R Levels for Thursday

I can already share S/R levels for tomorrow.. The closing price of today's candle is highly important.. If we get a close above 1.2125 it can help bulls a lot.. Time will tell..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR.png Size: 30 KB
Focus only on what truly matters!
  • #126,422
  • Feb 10, 2021 9:26am Feb 10, 2021 9:26am
Quoting NewbieTrad3r
{quote} Everytime you post, the excitement comes!
Yeah I agree haha, although last way it turned the way I didn't want it to
  • #126,423
  • Feb 10, 2021 9:28am Feb 10, 2021 9:28am
Usually after three times it will break. if it try 1.21398 again, I believe this time it will break , My TP is at 1.21550.
Biggest Mistake ? Over Leverage
  • #126,424
  • Feb 10, 2021 9:41am Feb 10, 2021 9:41am
December 21, 2020: Goldman Sachs revise their 12-month EUR/USD forecast to 1.28 (from 1.25)

Just reminding you of old-news.. but we have to understand how smart money bulls think in the long-term.. ("long term" is the keyword here.. of course we always must buy as low as we can during corrections).. Just keep this info in the back of your heads..

https://www.forexlive.com/news/!/gol...m-125-20201221
Focus only on what truly matters!
  • #126,425
  • Feb 10, 2021 9:44am Feb 10, 2021 9:44am
Quoting sing2x
Usually after three times it will break. if it try 1.21398 again, I believe this time it will break , My TP is at 1.21550.
4 times tested, Bears desperately resisting this....
  • #126,426
  • Feb 10, 2021 9:45am Feb 10, 2021 9:45am
Coming back to today, I am watching on side lines how bears and bulls are currently fighting for 1.2125.. Probably I will continue to open new orders tomorrow.. London will close in 45 minutes and I am already in chill mode.. No rush!
Focus only on what truly matters!
  • #126,427
  • Edited 10:19am Feb 10, 2021 9:50am | Edited 10:19am
It's too mixed for me. On one hand it looks like a bullish continuation on the other, 1.2139 looks cast iron for today. 4h bars look like they're being rejected and ready for turning on EU & DXY. But then EU made this same pattern twice this week and shot up afterwards. I also imagine there's a fair few people holding from 1.195x laughing at me trying to scalp this. A bit of a shit show today congrats if you made money. Definitely some opportunities to scalp but my focus was away from this pair.
Attached Image (click to enlarge)
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  • #126,428
  • Feb 10, 2021 10:16am Feb 10, 2021 10:16am
price is going to continue upward all get ready for long position news and analysis says that
  • #126,429
  • Feb 10, 2021 10:26am Feb 10, 2021 10:26am
Here's my analysis:

Price broke through my resistance line 1, 2, 3 (where it tested it after as support barely), and seems to be heading to 4. There's a lot of space in between, so I'm pretty sure we're gonna see some range for the rest of the day today. I will only be buying if price comes down to the redline as another re-test, but I need this 1 hour support line to break first in order for that to be an option (pic 2)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3e87963f7a8ac54d065bfd41e3d7692d.png Size: 157 KB
Click to Enlarge Name: da58dc939488dd143a7d8d0a24760bc0.png Size: 127 KB
  • #126,430
  • Feb 10, 2021 11:17am Feb 10, 2021 11:17am
Quoting Ata-Turkoglu
Coming back to today, I am watching on side lines how bears and bulls are currently fighting for 1.2125.. Probably I will continue to open new orders tomorrow.. London will close in 45 minutes and I am already in chill mode.. No rush!
Well, absolutely your 1.2125.. level is strong and price just touched it and fight is going on.
I'm short on this but anyhow I'll continue to go short on this. Let's see, what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 02-10.png Size: 22 KB
  • #126,431
  • Feb 10, 2021 11:50am Feb 10, 2021 11:50am
patt?

Attached Image (click to enlarge)
Click to Enlarge Name: EUR2685.png Size: 33 KB
  • #126,432
  • Feb 10, 2021 12:06pm Feb 10, 2021 12:06pm
Quoting tcmkhi
{quote} Well, absolutely your 1.2125.. level is strong and price just touched it and fight is going on. I'm short on this but anyhow I'll continue to go short on this. Let's see, what happens.{image}
IMHO, assuming 1.2125 level is going to break, bears need a much stronger push from much higher levels.. Therefore no matter what the case, for now I still prefer to stay bullish.. For me personally it is way too early to short this.. Tomorrow will be much clearer I believe..
Focus only on what truly matters!
  • #126,433
  • Feb 10, 2021 12:20pm Feb 10, 2021 12:20pm
Quoting Ata-Turkoglu
December 21, 2020: Goldman Sachs revise their 12-month EUR/USD forecast to 1.28 (from 1.25) Just reminding you of old-news.. but we have to understand how smart money bulls think in the long-term.. ("long term" is the keyword here.. of course we always must buy as low as we can during corrections).. Just keep this info in the back of your heads.. https://www.forexlive.com/news/!/gol...m-125-20201221
That fits with my post some days ago from the "Handelsblatt". These are the fundamentals for long-term. I keep picking my daily fruits with technicals...
Perfect days for grid-trading within the channel.
H1, the marked yellow candles gave the signal for the direction and size of the trend channel. Since then: up/down/up/down --> but all within the channel
Don't need fancy indicators. Two lines and fibos, that's it.
Attached Image (click to enlarge)
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  • #126,434
  • Feb 10, 2021 12:37pm Feb 10, 2021 12:37pm
Risk & reward
Attached Image (click to enlarge)
Click to Enlarge Name: EUR2686.png Size: 101 KB
  • #126,435
  • Feb 10, 2021 12:37pm Feb 10, 2021 12:37pm
Quoting Ata-Turkoglu
{quote} IMHO, assuming 1.2125 level is going to break, bears need a much stronger push from much higher levels.. Therefore no matter what the case, for now I still prefer to stay bullish.. For me personally it is way too early to short this.. Tomorrow will be much clearer I believe..
Absolutely right, price trying to break 1.2125.. level but I think you're right, its hard to break at least today.
I'm thinking to close my short trade with small profit or BE.
You're right again, tomorrow will be the clearer pic and Friday will be the retrace and corrections day, but its too early to say anything.
Lets wait and see.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 02-10 2.png Size: 20 KB
  • #126,436
  • Feb 10, 2021 1:38pm Feb 10, 2021 1:38pm
Quoting Ata-Turkoglu
{quote} IMHO, assuming 1.2125 level is going to break, bears need a much stronger push from much higher levels.. Therefore no matter what the case, for now I still prefer to stay bullish.. For me personally it is way too early to short this.. Tomorrow will be much clearer I believe..
Well, EU broke 1.2125 level but as you said, bears need a much stronger push from much higher levels... just broke and retraced.
Its almost 2 and half hours to close today's market, so better to wait till London opens tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 02-10 3.png Size: 22 KB
  • #126,437
  • Feb 10, 2021 1:47pm Feb 10, 2021 1:47pm
Powell: We won't even think about removing stimulus until we see that we're "really through the pandemic, because there's so much uncertainty"
(from forexlive)
Trends have a higher probability of continuing than not.
  • #126,438
  • Feb 10, 2021 1:55pm Feb 10, 2021 1:55pm
Quoting hesron
yeahhhh ... reversal now to bearish again {image}
Hi Hesron,
I saw you have a brown resistance and blue support columns on your chart. You draw it manually or it pop up automatically ?
I used KorHarmony Opensource V1.0 that had pop up support and resistance column function, unfortunately this indicator has been stopped and no longer in function.
Pls advice which indicator you are using . And is it possible to reactivate the KorHarmony Opensource V1.0 for me.
Your help will be appreciated.
Happy trading.

Pat.
  • #126,439
  • Edited 2:51pm Feb 10, 2021 2:20pm | Edited 2:51pm
Quoting tcmkhi
{quote} Well, EU broke 1.2125 level but as you said, bears need a much stronger push from much higher levels... just broke and retraced. Its almost 2 and half hours to close today's market, so better to wait till London opens tomorrow. {image}
You are misunderstanding my comment.. I said "if we assume that bears break back below 1.2125 then...." which is not the case at all.. I am bullish.. What I am waiting for is to see if BULLS will break above 1.2125 tonight.. I am awaiting (or better said, I want to be sure if there will be) a bull breakout to the upside based on DAILY tonight.. not a bear breakout based on H1 or M15.. let's make that clear!
Focus only on what truly matters!
  • #126,440
  • Edited 4:39pm Feb 10, 2021 3:48pm | Edited 4:39pm
Quoting SteFX85
{quote} DXY (H4) Cycle C - Primary 2 - Intermediate A - Minor 3 - Minute iii - Minuette (iv) Minuette wave (iii) target hit at 1.618. Wave (iv) should not go further than fib 0.5 (To validate the count). {image} DXY (D) {image} Grtz
DXY! EW update

Cycle C - Primary 2 - Intermediate A - Minor 3 - Minute ii - Minuette (c) .. complete?

Previous move down to fib 88.6 may suggest this was a minute wave 2.
Attached Image (click to enlarge)
Click to Enlarge Name: H4-EW 10-02-21.png Size: 155 KB


EURUSD

This falls in stdv 3, monthly pivot and supply zone with overbought RSI.
It may be time to short EURUSD for minute wave 3.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 10-02-21.png Size: 159 KB


Grtz
What's that smell? ---- I smell money!
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