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EURUSD only

  • #127,921
  • Mar 4, 2021 5:38am Mar 4, 2021 5:38am
USDX H4 https://www.mql5.com/en/charts/13556...-group-limited
  • #127,922
  • Mar 4, 2021 5:51am Mar 4, 2021 5:51am
Hey, based on the wedge on dxy I believe we still have to correct down, so expecting bullish movement on EU when/If it breaks down. Then will look for short opps higher up
Attached Image (click to enlarge)
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  • #127,923
  • Mar 4, 2021 5:56am Mar 4, 2021 5:56am
Good Day Traders. Es already down some points (huge correlation with eurusd)

Meanwhile critical eurusd levels 2058. Closes below that will trigger more downside.
Meanwhile weekly pivot lies at 21.26 area.

Trade safe
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_24.png Size: 30 KB
  • #127,924
  • Mar 4, 2021 5:58am Mar 4, 2021 5:58am
Quoting eurusd-thijs
{quote} would be the first week since weeks that price does not pass weekly pivot so who knows but now bearish eurusd maybe test 1.200
Attached Image (click to enlarge)
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  • #127,925
  • Mar 4, 2021 6:07am Mar 4, 2021 6:07am
Market is anticipating Powell it is what forexlive tells.

https://www.forexlive.com/technical-...e-day-20210304
Trends have a higher probability of continuing than not.
  • #127,926
  • Mar 4, 2021 6:14am Mar 4, 2021 6:14am
A this point with this PA, it all about selling higher not high and buying lower not low..
  • #127,927
  • Mar 4, 2021 6:43am Mar 4, 2021 6:43am
Quoting mysterio
Hey, based on the wedge on dxy I believe we still have to correct down, so expecting bullish movement on EU when/If it breaks down. Then will look for short opps higher up {image}
hey man, could you show the full wedge please? is it still valid by now?
Another day, another dollar.
  • #127,928
  • Mar 4, 2021 6:59am Mar 4, 2021 6:59am
Quoting nic9man
{quote} hey man, could you show the full wedge please? is it still valid by now?
Yea, sorry lines everywhere!

The red shaded area is 1h supply, yes I believe the wedge is still valid. A break above the supply/upper TL would invalidate. So IMO good spot to buy EU but be careful around news, best to wait for confirmation, IE a break down and retest. I think this is corrective wave B on dxy, may be wrong obviously

Note we also have a potential double bottom/W pattern forming on 1h demand on EU, 15m chart. But, the news in 20 mins could cause swings either way
Attached Image (click to enlarge)
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  • #127,929
  • Mar 4, 2021 7:17am Mar 4, 2021 7:17am
Quoting eurusd-thijs
Market is anticipating Powell it is what forexlive tells. https://www.forexlive.com/technical-...e-day-20210304
It would "seem" that the market is just consolidating before breaking out and maybe Powell's speech will be the spark that lights the fire - However, I don't believe that he has anything to say that would move the market in either direction. Powell has been crystal clear about not raising rates until 2023.
...because you never know - until you do!
  • #127,930
  • Mar 4, 2021 7:22am Mar 4, 2021 7:22am
Quoting skassacomput
{quote} third sell: SL : 1.2065 . Same TP 1.1964
closed the three sells at 1.2026. Triple touch on 30min on POC. It could retrace so I'm no more sure about sell from now.
If you do not know who you are, the Forex is the worst place to find you
  • #127,931
  • Mar 4, 2021 7:28am Mar 4, 2021 7:28am
Quoting fxsport
{quote} It would "seem" that the market is just consolidating before breaking out and maybe Powell's speech will be the spark that lights the fire - However, I don't believe that he has anything to say that would move the market in either direction. Powell has been crystal clear about not raising rates until 2023.
Well if the bond market is waiting for some kind of operation twist and gets disappointed Treasuries might dump again and the USD could fly. So there is a heavy risk here.
Another day, another dollar.
  • #127,932
  • Mar 4, 2021 7:33am Mar 4, 2021 7:33am
Today's S/R Levels (Re-post)

Remember that 1.2032 is magnetic support.. Currently the drop is stalled by it but bears still have the upper hand while below 1.2057..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-Waves.png Size: 26 KB
Focus only on what truly matters!
  • #127,933
  • Mar 4, 2021 7:43am Mar 4, 2021 7:43am
For my followers: situation on M15.. Rinse & repeat selling..

*My overall conclusion is to put stops of aggressive orders at least 25 pips far away as a standard safety precaution based on M15! Also make sure to make stops always "mental", as long as you are awake, never set them for real on your trading app! That way you will prevent to get stopped out from tiny penetrations and manipulations of your broker or the market in general.. I am not saying all brokers do shady things but it wouldn't hurt to be alert and pro-active! To protect yourself from mega-movements you can always put a real stop 75 pips away for example as a master-insurance but your mental stop will still be at 25 pips distance or so!
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #127,934
  • Mar 4, 2021 7:50am Mar 4, 2021 7:50am
https://www.mql5.com/en/charts/13556...-group-limited
  • #127,935
  • Edited 8:51am Mar 4, 2021 7:56am | Edited 8:51am
probable new aggressive sell @ 1.20421
If you do not know who you are, the Forex is the worst place to find you
  • #127,936
  • Mar 4, 2021 7:57am Mar 4, 2021 7:57am
Testing a small swing long.
Showing some signs of support at S1 and lack of follow through (for now) from the breakout of the overnight range during the London session.
Will add if it sets up a breakout.
Targeting the high end of the range if it gets momentum, but trailing in case momentum fades.

Attached Image (click to enlarge)
Click to Enlarge Name: 1e92218ad9d632211f002e3ce2be330d.png Size: 87 KB
  • #127,937
  • Mar 4, 2021 8:24am Mar 4, 2021 8:24am
Quoting xsquared
Testing a small swing long. Showing some signs of support at S1 and lack of follow through (for now) from the breakout of the overnight range during the London session. Will add if it sets up a breakout. Targeting the high end of the range if it gets momentum, but trailing in case momentum fades. {image}
Looks good I think you'll get it
  • #127,938
  • Mar 4, 2021 8:38am Mar 4, 2021 8:38am
Quoting xsquared
Testing a small swing long. Showing some signs of support at S1 and lack of follow through (for now) from the breakout of the overnight range during the London session. Will add if it sets up a breakout. Targeting the high end of the range if it gets momentum, but trailing in case momentum fades. {image}
Is this indicator commercial or free ?
Thanks
Biggest Mistake ? Over Leverage
  • #127,939
  • Mar 4, 2021 8:44am Mar 4, 2021 8:44am
Quoting Ata-Turkoglu
For my followers: situation on M15.. Rinse & repeat selling.. *My overall conclusion is to put stops of aggressive orders at least 25 pips far away as a standard safety precaution based on M15! Also make sure to make stops always "mental", as long as you are awake, never set them for real on your trading app! That way you will prevent to get stopped out from tiny penetrations and manipulations of your broker or the market in general.. I am not saying all brokers do shady things but it wouldn't hurt to be alert and pro-active! To protect yourself...
Hi Ata if i may ask about pivot and S1 levels, did u calculate it yourself? its just curiosity, thanks
  • #127,940
  • Mar 4, 2021 8:45am Mar 4, 2021 8:45am
Quoting Ata-Turkoglu
Today's S/R Levels (Re-post) Remember that 1.2032 is magnetic support.. Currently the drop is stalled by it but bears still have the upper hand while below 1.2057.. {image}
If wave 5 ending on your point its possible for your scenarios. But time to tell.
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