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EURUSD

  • #1,190,861
  • Edited 1:52am Feb 18, 2021 12:32am | Edited 1:52am
Good morning. EU is bearish both on weekly and daily timeframes, resistance comes at 2065, and 2081/2100 and support at 2019/2000 and 1971/1952.

US Jobs report on the calendar is what I'll watch for further clues.

Have a great trading day ahead.
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  • #1,190,862
  • Feb 18, 2021 1:47am Feb 18, 2021 1:47am
EUR/USD turning point on 1H chart which will occur on 2021.02.18
EST in 15 min time frame included.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_2021.02.18.PNG Size: 37 KB
  • #1,190,863
  • Feb 18, 2021 1:51am Feb 18, 2021 1:51am
Quoting udithag
EUR/USD turning point on 1H chart which will occur on 2021.02.18 EST in 15 min time frame included. {image}
I dont know what is the turning point u mean in that.. If you write buy or sell, public know what u mean exactly..
Just my two cent thought..
  • #1,190,864
  • Feb 18, 2021 1:59am Feb 18, 2021 1:59am
Quoting Leesi
{quote} I dont know what is the turning point u mean in that.. If you write buy or sell, public know what u mean exactly.. Just my two cent thought..
I supose it is down. The previous low was marked with arrow on the image. What may happen is not in this view.
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  • #1,190,865
  • Feb 18, 2021 2:00am Feb 18, 2021 2:00am
Quoting Leesi
{quote} I dont know what is the turning point u mean in that.. If you write buy or sell, public know what u mean exactly.. Just my two cent thought..
It makes absolutely perfect sense. Thursday its usually 5.15am or 7.40am pacific time. It turns. Does not matter which way it went b4, it reverses. Now this is substandard 4 day week and awkward move on tuesday and today. But if you look at last week and many other weeks you will see the pattern of the Thursday Turn.
Qqq Return Today: 0.7%
  • #1,190,866
  • Feb 18, 2021 2:06am Feb 18, 2021 2:06am
Quoting Leesi
{quote} I dont know what is the turning point u mean in that.. If you write buy or sell, public know what u mean exactly.. Just my two cent thought..

hello, whatever the trend in 1H chart at that time it should be changed after that time. Now it looks like that it is going to make a top in 1h chart. However I cannot tell whether it is going to be a top or a bottom in advance. Need to have a look when it comes so close to the turning point to say whether it is going to be a top or a bottom
  • #1,190,867
  • Feb 18, 2021 2:10am Feb 18, 2021 2:10am
Quoting Js3mwtRc
{quote} I supose it is down. The previous low was marked with arrow on the image. What may happen is not in this view.
hello friend, it is just to tell number of bars left for the turning point that I have marked that low. So dont take it as a clue.
  • #1,190,868
  • Feb 18, 2021 2:36am Feb 18, 2021 2:36am
Quoting Leesi
1 H and 4 H buying (may be short covering ). Retailers shorting and algo slowly catching all shorts at 2045..
Now some short sellers enter and put more oil to fire and help algo to do the final move..
  • #1,190,869
  • Feb 18, 2021 2:37am Feb 18, 2021 2:37am
Quoting udithag
{quote} hello friend, it is just to tell number of bars left for the turning point that I have marked that low. So dont take it as a clue.
Ooops sorry! I was just making my point of view from what I see. I guess I have to find more clues about how it works!
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  • #1,190,870
  • Feb 18, 2021 3:19am Feb 18, 2021 3:19am
2065 some unloading visible
  • #1,190,871
  • Feb 18, 2021 4:00am Feb 18, 2021 4:00am
Sold 2073 for scalping
  • #1,190,872
  • Feb 18, 2021 4:05am Feb 18, 2021 4:05am
H1 CHART

The market is approaching the resistance at 1.20463 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.21200 level.

Support & Resistances
1.20225 1.20463
1.20085 1.21200
1.19847 1.21276

H4 CHART

The market is approaching the resistance at 1.20494 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.20808 level.

Support & Resistances
1.20225 1.20494
1.20066 1.20808
1.19797 1.21487

DAILY CHART

A medium probability, entry signal to go SHORT was given at 1.20773 after the market found resistance at 1.21722 . Only the upward break of 1.21722 would cancel the bearish scenario.

Support & Resistances
1.20527 1.21887
1.19190 1.23485
1.18237 1.24438

WEEKLY CHART

The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.


FOLLOW ALONG HERE: https://www.tradingview.com/chart/EU...rame-analysis/
Attached Image (click to enlarge)
Click to Enlarge Name: 74c52ba19842d1c27fd155999d883a41.png Size: 54 KB
  • #1,190,873
  • Feb 18, 2021 4:14am Feb 18, 2021 4:14am
Expecting high chance for a good fall from 2068
  • #1,190,874
  • Feb 18, 2021 4:19am Feb 18, 2021 4:19am
Quoting F.g
SL very close.....I will not tolerate any move above 1. 20 475 ......It must move lower now or something else is happening........
...........Something else happened indeed......E. botomed out. I reversed to long and now SL is at BE.

Attached Image (click to enlarge)
Click to Enlarge Name: 9e34108c373b00b62c40e06284a58373.png Size: 206 KB

  • #1,190,875
  • Feb 18, 2021 6:05am Feb 18, 2021 6:05am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 36 KB
  • #1,190,876
  • Feb 18, 2021 6:20am Feb 18, 2021 6:20am
Quoting here2there
EURJPY and EURUSD will likely continue to be bearish.
EURJPY has been very strong bullish for a long time. Why do you think EURJPY is going to turn bearish?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 68 KB
  • #1,190,877
  • Feb 18, 2021 6:58am Feb 18, 2021 6:58am
Plan to take P.Prfts at 1.20 86 IF seen......SL now at 1.20 69

Attached Image (click to enlarge)
Click to Enlarge Name: 38d85866667baf79c236ef2f2187c091.png Size: 194 KB

  • #1,190,878
  • Feb 18, 2021 7:15am Feb 18, 2021 7:15am
1.21875 was the high of the day.

The next 3h the pair will fall ...
  • #1,190,879
  • Feb 18, 2021 7:16am Feb 18, 2021 7:16am
Attached Image (click to enlarge)
Click to Enlarge Name: a4e55047b936efa20aae093caeba1371.png Size: 198 KB

1.20 86 just hit..........So far so good....let s see what 8:30 will bring....


  • #1,190,880
  • Feb 18, 2021 7:33am Feb 18, 2021 7:33am
Sold at 2081, reason: I think that this move up today is a correction and I see better growth from Dollar too. Lets see!
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