EURUSD only | Page 6411 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD only
Exit Attachments

EURUSD only

  • #128,201
  • Mar 8, 2021 7:23am Mar 8, 2021 7:23am
Daily S/R Levels for Monday

Re-sharing my daily s/r levels.. Notice how 1.1935 area resisted.. now.. also notice how daily low 1.1850 slows down bears.. If today ends with price stalling below 1.1888 I think tomorrow we might continue towards next pit stop: 1.1816!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-Waves.png Size: 32 KB
Focus only on what truly matters!
  • #128,202
  • Edited 7:42am Mar 8, 2021 7:25am | Edited 7:42am
Right now a potential W is forming, in sidelines for now

edit: I’m still thinking it’s going down because it’s not at a support line even though a W is forming, I’ll short if it goes higher But am watching to see how high it can go before dropping.

If this area simply ranges, I’ll be expecting 1 final leg down before the true W to take place

if 1.1865 holds as support, we could see an actual pullback before going lower
  • #128,203
  • Mar 8, 2021 7:30am Mar 8, 2021 7:30am
EUR/USD is forming somewhat similar to what happened around Feb 2018 to the end of 2018.

Also considering the recent 10YR Treasury Rate being 1.56% and DXY with a very bullish move,

if ECB doesn't change the sentiment this week, bears are very likely to continue with momentum.

(Recent 3 candles in DAILY TF are slowing down in Daily chart, but the momentum is still strong)
  • #128,204
  • Mar 8, 2021 7:40am Mar 8, 2021 7:40am
From here, just to be careful towards the bull strength that might kick in based on 1.1850 Monday support, I will only keep scalp-selling my aggressive sell level for 5 to 10 pips.. Especially 1.1860/63 area is crucial based on M15!
Focus only on what truly matters!
  • #128,205
  • Mar 8, 2021 7:47am Mar 8, 2021 7:47am
for me is buy from here: 100% fibo extension, daily double channel , H1 divergence.

Attached Image (click to enlarge)
Click to Enlarge Name: 69390a616e53af3fb92cb30791ff044f.png Size: 84 KB
If you do not know who you are, the Forex is the worst place to find you
  • #128,206
  • Mar 8, 2021 7:50am Mar 8, 2021 7:50am
Quoting skassacomput
for me is buy from here: 100% fibo extension, daily double channel , H1 divergence. {image}
Divergence of what? Next time specify.. RSI?, Stoch? MACD? Based on my own macd settings there is no H1 divergence yet.. I stay away from buying.. Only selling while below 1.1888/98!
Focus only on what truly matters!
  • #128,207
  • Mar 8, 2021 7:53am Mar 8, 2021 7:53am
Quoting Ata-Turkoglu
{quote} Divergence of what? Next time specify.. RSI?, Stoch? MACD? Based on my own macd settings there is no H1 divergence yet.. I stay away from buying.. Only selling while below 1.1888/98!
MACD H1 2,33,5

Attached Image (click to enlarge)
Click to Enlarge Name: 2cf012907a2d09ab6c5c70ce33d0e01f.png Size: 62 KB
If you do not know who you are, the Forex is the worst place to find you
  • #128,208
  • Edited 8:32am Mar 8, 2021 8:00am | Edited 8:32am
Potential top on dxy, 0.618 fib of last major swing high low (Nov-Jan)

Note also 1h macd bearish divergence (so bullish EU)

Note 92.17 is now support so may hold. It also could just be making a flag.

Fyi, my feeling is it's not time to buy Euro, doesnt seem like a significant move
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.jpg Size: 99 KB
  • #128,209
  • Mar 8, 2021 8:03am Mar 8, 2021 8:03am
Quoting skassacomput
{quote} MACD H1 2,33,5 {image}
Thanks..

Yes folks, based on fast macd settings he is correct.. H1 shows early bullish clues.. Remember: Always mention your oscillator when speaking of divergence! Always mention the time frame that your S/R levels are related to. Cheers
Focus only on what truly matters!
  • #128,210
  • Mar 8, 2021 8:27am Mar 8, 2021 8:27am
Considering we are making another LL for the past week since EURUSD started to tank, I believe bears still have the upper hand. There is no indication on the daily time frame that there are any imminent reversals. As we continue down the majority sentiment continues to change to bullish
  • #128,211
  • Mar 8, 2021 8:32am Mar 8, 2021 8:32am
Price is not at my support lines so I don’t plan on buying yet.

If we see strong bullish pressure build and price go up, I plan to take a short at 1.19 area if we make it that high, that would be a nice pullback breaking the previous high at 1.1896 before we initially dropped


if we drop from here, I’m expecting it to be the last leg so I’ll look to buy a W pattern. I don’t want to get caught in the whirlwind of price
  • #128,212
  • Mar 8, 2021 8:46am Mar 8, 2021 8:46am
Unless we see a very significant bullish reversal turning into a strong upward momentum, it would be safer to short when the price touches the resistance line
  • #128,213
  • Mar 8, 2021 8:52am Mar 8, 2021 8:52am
Quoting fx1114
Unless we see a very significant bullish reversal turning into a strong upward momentum, it would be safer to short when the price touches the resistance line
we have one specialist over here https://www.forexfactory.com/thread/...1#post13417351
  • #128,214
  • Mar 8, 2021 8:56am Mar 8, 2021 8:56am
Attached Image (click to enlarge)
Click to Enlarge Name: 4f2412ad7a53ce1b423a8f21ab9b7ba6.png Size: 38 KB
Im not perfect counting, lets see
  • #128,215
  • Mar 8, 2021 8:57am Mar 8, 2021 8:57am
...stop selling, buying time, 500 pips up, enjoy the ride
Attached Image (click to enlarge)
Click to Enlarge Name: 3f34f1dc1d6102a12321a8e9d3cccf22.png Size: 24 KB
  • #128,216
  • Mar 8, 2021 9:01am Mar 8, 2021 9:01am
Quoting corongumet
{image}Im not perfect counting, lets see
c would be 1.1783 ?
  • #128,217
  • Mar 8, 2021 9:04am Mar 8, 2021 9:04am
Quoting energies
...stop selling, buying time, 500 pips up, enjoy the ride {image}
hello, may i ask reasons why the trend might reverse from here?

I am aware that the price is oversold thus showing divergence in both 1HR MACD and RSI.

But also the downward momentum is yet intact. Please give advice.
  • #128,218
  • Mar 8, 2021 9:08am Mar 8, 2021 9:08am
Green Fibo is buy, Red Fibo is sell, just to clarify for some.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily 90.png Size: 53 KB
MY GRID. Markets are NOT random.
  • #128,219
  • Mar 8, 2021 9:13am Mar 8, 2021 9:13am
Based on M15 the rise is still not enough to cause a trend change.. But bulls are trying for sure! Achieving a touch back to 1.1871 is crucial for bears! Otherwise intraday trend might change..
Focus only on what truly matters!
  • #128,220
  • Mar 8, 2021 9:16am Mar 8, 2021 9:16am
Quoting Ziemowit
{quote} c would be 1.1783 ?
break (2) and close bellow that. it can goto 1.16 its my second and third scenarios
125 traders viewing now, 1 is registered:
Kash1234