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EURUSD only

Personally, I think it will drop back down to the last low at 1.1835 but whether it will break out below that level remains to be seen.
Quoting corongumet
{image}
Indeed , they are throwing helicopter usd dollars and the citizens want to invest it in bitcoin and stocks.
Bye bye usd. 1.2100 might be the price to hover around.
Trends have a higher probability of continuing than not.
Quoting eurusd-thijs
{quote} Indeed , they are throwing helicopter usd dollars and the citizens want to invest it in bitcoin and stocks. Bye bye usd. 1.2100 might be the price to hover around.
I think 1.22xx in april. But lets see market flow.
LONG -target 1.21
  • Post #128,665
  • Quote
  • Edited Mar 16, 2021 2:24am Mar 15, 2021 11:48pm | Edited Mar 16, 2021 2:24am
My Plan for Today

US Retail Sales at 8:30 EST

As I sit here this morning, I see the H4 setting up a potential base for a swing to range highs, or a potential descending triangle. I tend to be bearish because all this structure is below 1.20. But my feel is that price doesn't go much of anywhere before FOMC.
Possible tight range today.
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Day Trade Plan
If price trades higher but doesn't disrupt the 2nd peak of the descending triangle then I will look for a short position if it sets up.
Swing Trade Plan
Took a short yesterday on the break beneath 1.1940, selling more if there is a break of the triangle (1.1910-1.1900).
Is this trendline break legit??
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TMT Scalping System (Best system on FF)
Quoting Pollen
Is this trendline break legit?? {image}
it is your system my friend, you should know the anwser.
unless you got it from someone else so ask him

but to answer your question, yes, it is legit but the retest of it has already happened. a new trendline has formed and it already broke
(i dont use trend lines, i just know how most people use them)
take care

am staying out of eu, i have no clear direction

1-2-3 are the trend lines
every circle represents an entry with an arrow pointing to the direction of the entry
trendlines are subjective reson why i dont use them
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Quoting nikosk0
{quote} it is your system my friend, you should know the anwser. unless you got it from someone else so ask him but to answer your question, yes, it is legit but the retest of it has already happened. a new trendline has formed and it already broke (i dont use trend lines, i just know how most people use them) take care am staying out of eu, i have no clear direction 1-2-3 are the trend lines every circle represents an entry with an arrow pointing to the direction of the entry trendlines are subjective reson why i dont use them {image}
your answer is appreciable
Neither a Bro Nor a Pro I am I
Looks like it's gonna be another choppy day, this condition might continue until fomc rate announcement.
Todays moves might be caused by traders big and small closing positions as tomorrows FOMC happening is announced as important in the media.
Trends have a higher probability of continuing than not.
On H1 we have a strong support before 1.19. It looks like a right-angle triangle, in case of break we have a easy short up to 1.1840, also lower.

On Daily we are all waiting for the FOMC of course. We may see the price in the area of interest between 1.175 and 1.165. This area has been a good support, and we have the candle after US election to test


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Follow The Markets Structure - Patience and Discipline
Thinking of selling at 1.1950.

I want to know what pros say about it.
Quoting basit1
Thinking of selling at 1.1950. I want to know what pros say about it.
1.1958
Quoting basit1
Thinking of selling at 1.1950. I want to know what pros say about it.
Looks very pro

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Trends have a higher probability of continuing than not.
Time for reward my die hard buyers
The only obstacle I see is Friday's high... Let's see how price reacts there.
Still holding till tp @ 1.20285
Risk comes from not knowing what to do
Quoting Traderview
{quote} 1.1958
Not a good idea if u ask me, today's objective is to take out yesterday's high to make room for more up movement tomorrow. Today will set the direction for tomorrow
Risk comes from not knowing what to do
Quoting basit1
Thinking of selling at 1.1950. I want to know what pros say about it.
Based on my H1 chart I kept buying dips to the blue ma line.. Overall I still favor bulls and therefore it is best to keep buying.. Nearest aggresive buy level sits at 1.1930.. Nearest resistance sits at 1.19455 but I personally stay away from selling.. Some could benefit from scalp selling there but I believe it is not worth it.. I hope it helps

*MACD bearishness gives a hint about why bulls struggle.. Bulls would be stronger if macd signal line climbs back above 0..
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Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 60.0%
Hourly candle is about to close in 9 minutes and we must watch potential bear pressure coming at 1.1947 for the next hour!

*I am not selling here but I will stay on side lines until I see if that resistance level gets broken or not..
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 60.0%
Quoting Austyno
{quote} Not a good idea if u ask me, today's objective is to take out yesterday's high to make room for more up movement tomorrow. Today will set the direction for tomorrow
Lets just not hope it didn't get shot down by the median.
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