I would watch move up with should happen of the next day possibly and look to short off move up... IMHO for a swing trade
LOCK IN RE-ENTER
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- Feb 28, 2021 6:24pm Feb 28, 2021 6:24pm
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LOCK IN RE-ENTER
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- Feb 28, 2021 6:40pm Feb 28, 2021 6:40pm
I'll look at EU from the bigger picture stance as going into much details will mix things a lot since lot of supports/resistance might or not hold the pair from lower time frames perspective.
Mainly, I look at 1.2230s as major turning point, base above will push the pair to 1.2380s and possibly above later on, while staying below there might lead to breaking 1.2060 toward 1.1870s that should hold the pair from further falling in March. Only an unexpected base below 1.1820 will change the whole picture to a clear very bearish movement.
In general, like I see it for most currencies vs the dollar, there might be an up move first as a swing to retrace then the fall will follow.
In any case, set your entries TP/SL according to my said levels
Mainly, I look at 1.2230s as major turning point, base above will push the pair to 1.2380s and possibly above later on, while staying below there might lead to breaking 1.2060 toward 1.1870s that should hold the pair from further falling in March. Only an unexpected base below 1.1820 will change the whole picture to a clear very bearish movement.
In general, like I see it for most currencies vs the dollar, there might be an up move first as a swing to retrace then the fall will follow.
In any case, set your entries TP/SL according to my said levels
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
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- Feb 28, 2021 6:50pm Feb 28, 2021 6:50pm
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Not Financial Advice! Educational Purposes Only!
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- Feb 28, 2021 7:23pm Feb 28, 2021 7:23pm
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I am convinced that bonds will rise (yields down) which will mean a way stronger USD.
First trade of the week: SELL EUR/USD 1.2089.
Close 50% of this trade at 1.2045 and put a stop in at entry and let it run. 
First trade of the week: SELL EUR/USD 1.2089.
Close 50% of this trade at 1.2045 and put a stop in at entry and let it run.
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- Feb 28, 2021 8:51pm Feb 28, 2021 8:51pm
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At the moment the croud seems to be eager for a bull ride so things are going to be a little slower... but to be on a safer side, just wait for the tide... i presume its going to be a long bumpy BULL ride... just brace your skate board for the perfect timing BEWARE OF sharks (spikes)
Excellent perspective. We are indeed surfing the ocean waves, and gotta watch out for the sharks....
Be content with small gains. It all adds up over time.
Superman 1 All Time Return:
1.8%
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- Feb 28, 2021 9:59pm Feb 28, 2021 9:59pm
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- Feb 28, 2021 11:56pm Feb 28, 2021 11:56pm
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- Mar 1, 2021 1:05am Mar 1, 2021 1:05am
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Feels right this time!
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- Mar 1, 2021 1:32am Mar 1, 2021 1:32am
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{image}
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- Mar 1, 2021 3:41am Mar 1, 2021 3:41am
- | Joined Jul 2019 | Status: Member | 252 Posts
Target is 1.20211
Here are the key levels for the month of March so far.
Now I see that there is another one at 1.20531
. Will add it later
Here are the key levels for the month of March so far.
Now I see that there is another one at 1.20531
. Will add it later
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- Mar 1, 2021 4:20am Mar 1, 2021 4:20am
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sTARTED BOTTOM FISHING HERE, CREW...
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- Mar 1, 2021 4:23am Mar 1, 2021 4:23am
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- Mar 1, 2021 4:24am Mar 1, 2021 4:24am
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{image} started bottom fishing here, crew...
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- Mar 1, 2021 4:25am Mar 1, 2021 4:25am
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I am convinced that bonds will rise (yields down) which will mean a way stronger USD. First trade of the week: SELL EUR/USD 1.2089. Close 50% of this trade at 1.2045 and put a stop in at entry and let it run.{image}
Stop loss moved to break even and let it run risk free
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- Mar 1, 2021 4:32am Mar 1, 2021 4:32am
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- Mar 1, 2021 4:37am Mar 1, 2021 4:37am
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Feels right this time!