Attachments: EURUSD only

EURUSD only

#127,841
Mar 3, 2021 9:32am Mar 3, 2021 9:32am

ursinho4711
Joined Nov 2019 | Status: Trader | 1,121 Posts

Quoting Ata-Turkoglu

Disliked

For those who are interested in the formula of how the standard daily S/R levels are calculated: P = (yesterday's high + yesterday's low + yesterday's close) / 3; R1 = (P x 2) - yesterday's low R2 = P + yesterday's high - yesterday's low R3 = (P x 2) + yesterday's high - (yesterday's low x 2) S1 = (P x 2) - yesterday's high S2 = P - yesterday's high - yesterday's low S3 = (P x 2) - (yesterday's high x 2) - yesterday's low Since these values will vary from broker to broker most traders will not have the exact same value.. I hope it helps

Ignored

...and I love when the predicted values and the "live" values combine... (100% fibo and Intraday Pivot)

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#127,842
Mar 3, 2021 9:40am Mar 3, 2021 9:40am

Beyfor
| Commercial User | Joined Dec 2012 | 821 Posts

Quoting Beyfor

Disliked

{image} {image}

Ignored

Maintain the same outlook.

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#127,843
Mar 3, 2021 9:48am Mar 3, 2021 9:48am

SnaveForex
Joined Dec 2011 | Status: Trader | 4,013 Posts

A little rough pa but all eyes lead to 2090 area there is a line in the sand thereabouts for a continuation south to 1945 ish. time is crucial here.

Possibly overshoot to 2175 area before the 1945 ish play.
Trade safe

#127,844
Mar 3, 2021 9:49am Mar 3, 2021 9:49am

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

Will we bounce down again like we did before or will we push through and break this high?

I'm hoping for the bulls, My master rule said to short at 1.21258. I'm praying we can go back up. If 1.21258 doesn't hold, then we are no longer in a long term down trend according to my strategy. For me, 1.21258 MUST reject strongly or else there's a good chance we are gonna fly back up to 1.23+ area

1.19913 was a strong rejection of resistance as support on the Daily chart, todays 1.21127 top was a rejection of the previous support as resistance on the Daily. Let's see who will win

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#127,845
Mar 3, 2021 9:58am Mar 3, 2021 9:58am

blurbear
| Joined Jan 2009 | Status: Trader | 436 Posts

C unfolding. So far so good with the strong kickoff..

#127,846
Mar 3, 2021 9:58am Mar 3, 2021 9:58am

Endoephemera
Joined May 2014 | Status: Alive | 523 Posts

I'm not buying into this 1.2075 rise. If it's real and I miss it so be it.

...and off for a walk.

Practitioner of the cryptic trading arts

#127,847
Mar 3, 2021 10:03am Mar 3, 2021 10:03am

AndrewKotl
| Joined Jan 2021 | Status: Trader | 4 Posts

Quoting Kyuu

Disliked

Will we bounce down again like we did before or will we push through and break this high? I'm hoping for the bulls, My master rule said to short at 1.21258. I'm praying we can go back up. If 1.21258 doesn't hold, then we are no longer in a long term down trend according to my strategy. For me, 1.21258 MUST reject strongly or else there's a good chance we are gonna fly back up to 1.23+ area 1.19913 was a strong rejection of resistance as support on the Daily chart, todays 1.21127 top was a rejection of the previous support as resistance on the Daily....

Ignored

Unlike your written analysis, your charts are not understandable at all. They are missing some of the crucial info, like prices, timeline etc. Hoping to see a better charts.

Cheers

#127,848
Mar 3, 2021 10:05am Mar 3, 2021 10:05am

nic9man
Joined Jun 2020 | Status: Trader | 1,175 Posts

Not sure how you saw the day, but personally I found there were several bullish aspects today. Firstly the ECB came across less dovish by stating that there is no need for interventions in the bond market. Then European PMIs surprised to the upside, while ISM and ADP surprised to the downside. Of course the main event might be the FED speakers later. But as they focus on the unemployment market the weak number should trigger more dovishness.

Another day, another dollar.

#127,849
Mar 3, 2021 10:05am Mar 3, 2021 10:05am

macdulio
Joined Oct 2013 | Status: Trader | 1,079 Posts

feels like a wave 2 up

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#127,850
Mar 3, 2021 10:09am Mar 3, 2021 10:09am

nic9man
Joined Jun 2020 | Status: Trader | 1,175 Posts

Quoting macdulio

Disliked

feels like a wave 2 up {image}

Ignored

I think the supressor is on, so we need the pair of scissors to cut it out.

Another day, another dollar.

#127,851
Mar 3, 2021 10:12am Mar 3, 2021 10:12am

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

Happy to get out of my last trade with a profit. Where are bears thinking of selling from next? Trying to figure it out, I think dxy will want to break the last low so Euro may rise to 1.2140-50. Keen to hear opinions. We're in a rising a parallel channel so may buy the next dip to the top of that then sell at the top around the 1.2150 point

There is a 1hr supply up around the 1.2140 zone too, and 1.21444 is the 0.618 fib, and 1.2150 round number

#127,852
Mar 3, 2021 10:15am Mar 3, 2021 10:15am

SnaveForex
Joined Dec 2011 | Status: Trader | 4,013 Posts

Quoting SnaveForex

Disliked

A little rough pa but all eyes lead to 2090 area there is a line in the sand thereabouts for a continuation south to 1945 ish. time is crucial here. Possibly overshoot to 2175 area before the 1945 ish play. Trade safe

Ignored

There should be real volume coming in the next few hours... steady push or impluse to close above 2103-2108 area otherwise sellers are all in more an aggressive move south early.

NFP Friday! FYI

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#127,853
Mar 3, 2021 10:44am Mar 3, 2021 10:44am

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

Quoting Beyfor

Disliked

{quote} Maintain the same outlook. {image}

Ignored

HIghly likely 61%.

#127,854
Mar 3, 2021 10:47am Mar 3, 2021 10:47am

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

Quoting AndrewKotl

Disliked

{quote} Unlike your written analysis, your charts are not understandable at all. They are missing some of the crucial info, like prices, timeline etc. Hoping to see a better charts. Cheers

Ignored

Sorry, it was a 15 min chart and it had an expanding triangle/megaphone pattern. We broke below and even bounced off that support line as resistance, but recently came back to it.

Now on the 2nd re-test, my arrows were just the 2 ways it can go. I wanted it to go straight up like the W i drew on the right and it did. I'm hopeful we break past 1.20779 , if we don't then that's trouble for bulls.

#127,855
Mar 3, 2021 10:48am Mar 3, 2021 10:48am

skassacomput
| Joined Mar 2011 | Status: Trader | 569 Posts

Quoting skassacomput

Disliked

another sell limit @ 1.2070 the first sell is on going

Ignored

second sell on going. Same TP 1.1964

If you do not know who you are, the Forex is the worst place to find you

#127,856
Mar 3, 2021 11:00am Mar 3, 2021 11:00am

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

Quoting Kyuu

Disliked

Will we bounce down again like we did before or will we push through and break this high? I'm hoping for the bulls, My master rule said to short at 1.21258. I'm praying we can go back up. If 1.21258 doesn't hold, then we are no longer in a long term down trend according to my strategy. For me, 1.21258 MUST reject strongly or else there's a good chance we are gonna fly back up to 1.23+ area 1.19913 was a strong rejection of resistance as support on the Daily chart, todays 1.21127 top was a rejection of the previous support as resistance on the Daily....

Ignored

If you could use the ARROW and PATHWAY tools, which would give much color to the chart.