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  • #126,521
  • Feb 11, 2021 2:57pm Feb 11, 2021 2:57pm
Next week will be short
The Average Discount Everything
  • #126,522
  • Feb 11, 2021 3:10pm Feb 11, 2021 3:10pm
Quoting hesron
Next week will be short
I can guess why you think that way: The weekly trend line is broken.. Now the retest to same trend line is almost complete and you anticipate bears will take over next week.. Well.. you could be right.. but this week is still not over yet.. I will go with intraday flow.. No rush.. Good luck though

*With this weekly time frame logic, bears have to watch 1.2144 area resistance carefully.. Bulls have to watch 1.2117 support carefully..
Focus only on what truly matters!
  • #126,523
  • Feb 11, 2021 3:42pm Feb 11, 2021 3:42pm
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  • #126,524
  • Feb 11, 2021 4:00pm Feb 11, 2021 4:00pm
Quoting Ata-Turkoglu
{quote} I can guess why you think that way: The weekly trend line is broken.. Now the retest to same trend line is almost complete and you anticipate bears will take over next week..
Did I miss something? I know that everybody has his own way to draw trendlines. To which one do you refer?

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  • #126,525
  • Edited 11:01pm Feb 11, 2021 7:26pm | Edited 11:01pm
Quoting ursinho4711
{quote} Did I miss something? I know that everybody has his own way to draw trendlines. To which one do you refer? {image}
Your channel upper line is nice but the bottom line should have been a steeper line that forms an ascending (rising) wedge.. That lower edge was broken last week and now bulls are trying to retest.. That's what I was referring to while responding to hesron..
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Focus only on what truly matters!
  • #126,526
  • Feb 11, 2021 8:24pm Feb 11, 2021 8:24pm
Dxy finally started to move. I think if it's stay above 90.50 then we'll see weekly close below 1.21. Bears next target is 1.2066
I kept sl @be 1.2138.
Let's see
  • #126,527
  • Feb 11, 2021 10:19pm Feb 11, 2021 10:19pm
H4 Update Status

target bears 2045 but has to break 2103 first, above 2150 the chance to go to 2197
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  • #126,528
  • Feb 11, 2021 11:06pm Feb 11, 2021 11:06pm
Based on H1 1.2117 is still last chance for bulls to turn this, otherwise weekly bear pressure will take over strong! Today might be the day that reveals everything and brings in some excitement.. Time will tell..
Focus only on what truly matters!
  • #126,529
  • Feb 11, 2021 11:19pm Feb 11, 2021 11:19pm
I will be looking to buy at 1.2085-1.2095 area depending on what time price reaches there and how the 15 min candle closes if price reaches, but looks like it can go straight up
  • #126,530
  • Feb 11, 2021 11:36pm Feb 11, 2021 11:36pm
Quoting Traderview
Dxy finally started to move. I think if it's stay above 90.50 then we'll see weekly close below 1.21. Bears next target is 1.2066 I kept sl @be 1.2138. Let's see
Had to close it @1.2122.
Sidelines now.
I think we'll see a bearish movement soon.
  • #126,531
  • Feb 12, 2021 12:03am Feb 12, 2021 12:03am
Daily S/R Levels for Today

  1. 1.21175 is still supportive! I keep buying dips as long as intraday (especially H1) candles open above it!
  2. Nearest bull target and resistance sits at 1.2155..
  3. 2nd bull target could be 1.2185 area..
  4. Bears have to break below 1.21175 for triggering the possibility of a trend reversal..

I hope it helps

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Focus only on what truly matters!
  • #126,532
  • Feb 12, 2021 12:44am Feb 12, 2021 12:44am
Today we are going down. Now it is 1,2125. Let's see!
  • #126,533
  • Feb 12, 2021 12:46am Feb 12, 2021 12:46am
I believe 1.22 first before we go down.
Untouched area for sellers.
  • #126,534
  • Feb 12, 2021 12:48am Feb 12, 2021 12:48am
Goodmorning.

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Trends have a higher probability of continuing than not.
  • #126,535
  • Feb 12, 2021 12:50am Feb 12, 2021 12:50am
Update: Before and Now
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  • #126,536
  • Feb 12, 2021 12:55am Feb 12, 2021 12:55am
this price action on 4hr gives a pullback every time ( i am talking pa only)
the last time it didnt do it was on 1/6/20
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  • #126,537
  • Feb 12, 2021 12:56am Feb 12, 2021 12:56am
Update: Before and Now on daily
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  • #126,538
  • Feb 12, 2021 12:57am Feb 12, 2021 12:57am
Bulls have to be careful once/if we arrive back at 1.2137/44 area..
Focus only on what truly matters!
  • #126,539
  • Feb 12, 2021 1:08am Feb 12, 2021 1:08am
tbh i think one of 2 thing will happen in the next hour before london opens.

1. either a fake-out up
2. or the down pullback.

in general i would say it is gonna be a sideways market for the rest of the month

we see
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  • #126,540
  • Feb 12, 2021 1:12am Feb 12, 2021 1:12am
Buy limit 1.2109 sl 1.2099 tp 1.2144
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