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  • #130,081
  • Apr 14, 2021 3:19am Apr 14, 2021 3:19am
Bull still survives. well waiting again i think.
i hope rejection will come again at 1.197-1.2
  • #130,082
  • Apr 14, 2021 3:27am Apr 14, 2021 3:27am
Based on my special channel on H4 something has to happen here at 1.1972.. Either a stronger upside move or a bounce.. Time will tell..

*Purple short line may act as resistance.. The black short line may act as pivot..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #130,083
  • Apr 14, 2021 3:30am Apr 14, 2021 3:30am
This has become a buy the dip game.
1.1915 zone now supports the bulls.
The usdindex crushed 92.00 but till now i did not see a complete crush of a round number at once, a retest or even 92.05 -92.15 or so
to go down again and eurusd up again could be (a buy limit 1.1923 is waiting just in case).
Closing in on 1.20 will give a rejection and a move back to 1.1965 zone today.
1.1987 is my tp if it breaks this 1.1972
Trends have a higher probability of continuing than not.
  • #130,084
  • Apr 14, 2021 4:11am Apr 14, 2021 4:11am
In my view the thick green support will hold. Has exactly the same slope than the previous downward sloping supports and was testet successfully already.
Attached Image (click to enlarge)
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Another day, another dollar.
  • #130,085
  • Edited 4:56am Apr 14, 2021 4:31am | Edited 4:56am
Potential supports in green - shows that the resistance of the precious channel coincides with the downwardsloping support at 1.1950 region. I think this is already a good opportunity for scaling longs or buying dips.
Attached Image (click to enlarge)
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Another day, another dollar.
  • #130,086
  • Apr 14, 2021 5:02am Apr 14, 2021 5:02am
Quoting Godzilla
{quote} last chance for bulls here. close below 1959 i switch to bearish bias
closed longs for +63 and +53. entered short @ 1954. Only close below 1944 will confirm strength. close above 1966 and im bullish again.
  • #130,087
  • Apr 14, 2021 5:22am Apr 14, 2021 5:22am
Quoting Godzilla
{quote} closed longs for +63 and +53. entered short @ 1954. Only close below 1944 will confirm strength. close above 1966 and im bullish again.
Very interesting transition phase at moment...on the M5/M12 there was about a max of 10 pips to be scalped (probably a bit less) but reckon it will retest that 1960 mark again...what it does from there will be the division bell..I think though that longs may be having a rest for a bit possibly..
  • #130,088
  • Apr 14, 2021 5:30am Apr 14, 2021 5:30am
Quoting four.owls
{quote} Very interesting transition phase at moment...on the M5/M12 there was about a max of 10 pips to be scalped (probably a bit less) but reckon it will retest that 1960 mark again...what it does from there will be the division bell..I think though that longs may be having a rest for a bit possibly..
myriad of support and resistance on the dailies
Attached Image (click to enlarge)
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  • #130,089
  • Apr 14, 2021 5:43am Apr 14, 2021 5:43am
Quoting Godzilla
{quote} myriad of support and resistance on the dailies {image}
I agree with Ata on the 1972 mark...will be an interesting price zone....I mean pushing up to 1.20 is not out of the question...with a bit of back n forth!!
  • #130,090
  • Apr 14, 2021 7:06am Apr 14, 2021 7:06am
Quoting four.owls
{quote} I agree with Ata on the 1972 mark...will be an interesting price zone....I mean pushing up to 1.20 is not out of the question...with a bit of back n forth!!
bears have work to do here. close above 1964 and i change to bullish bias looking for new highs
  • #130,091
  • Apr 14, 2021 8:08am Apr 14, 2021 8:08am
Quoting four.owls
{quote} Very interesting transition phase at moment...on the M5/M12 there was about a max of 10 pips to be scalped (probably a bit less) but reckon it will retest that 1960 mark again...what it does from there will be the division bell..I think though that longs may be having a rest for a bit possibly..

Been waiting to buy that 1960 level if 1950 was tested and held well. SL at BE when 70 is hit. 68 needed to break for my odds to stay good enough. 25 minutes left before I get out and wait again !

Being extra careful intraday if 67-70s failed again ! Looking for sells if it does.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #130,092
  • Apr 14, 2021 8:15am Apr 14, 2021 8:15am
Still bearish on EURUSD on daily/weekly charts, for the same reasons as stated before. Weekly/monthly EURUSD chart is attempting to confirm a long-term trend reversal down to up. Such long-term reversals must have a fundamental basis, and I don't think that basis exists for EUR to outperform USD.

USD short-term weakness does not affect long-term long-standing structural issues w/the EU & EUR.

Lagarde & Powell both on deck today w/Q&A expected for both. Would not be long in any size here.
  • #130,093
  • Edited 9:02am Apr 14, 2021 8:34am | Edited 9:02am
I have a sell limit @ 1.19772 and 1.19781 respectively if we get there... For me, anything from 1.19731-1.199 is a good sell based on my rule I dropped here some time again.
The rule says if price should close above 3rd resistance or below 3rd support ,the next good sell(for the 3rd resistance) is at the next first resistance with a target of pivot or first support.
Now we have such scenario on a weekly basis and first weekly resistance is at 1.19731.
The reason I chose 1.19772 is because it's the first resistance of today and 1.19781 is the first resistance of two day ago(same price)... Meaning something is cooking behind the scene.
My target is at 1.18216
Risk comes from not knowing what to do
  • #130,094
  • Apr 14, 2021 8:36am Apr 14, 2021 8:36am
Quoting mtako
{quote} Been waiting to buy that 1960 level if 1950 was tested and held well. SL at BE when 70 is hit. 68 needed to break for my odds to stay good enough. 25 minutes left before I get out and wait again ! Being extra careful intraday if 67-70s failed again ! Looking for sells if it does.
Times up this time around for longs. Moved this SL @ .19588. Waiting to see the 50s tested again to try buying the potential pullback again.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #130,095
  • Apr 14, 2021 8:38am Apr 14, 2021 8:38am
Quoting Godzilla
{quote} bears have work to do here. close above 1964 and i change to bullish bias looking for new highs
yes 1964 key here. bears in serious danger.
  • #130,096
  • Apr 14, 2021 8:43am Apr 14, 2021 8:43am
Man !!
bulls is trully a beast. It makes me wonder sometimes what makes this movement unstoppable. if 1.197 not rejecting i'm waiting at 2.0.
  • #130,097
  • Apr 14, 2021 8:55am Apr 14, 2021 8:55am
Quoting selfrit
Man !! bulls is trully a beast. It makes me wonder sometimes what makes this movement unstoppable. if 1.197 not rejecting i'm waiting at 2.0.
Often seems that way indeed!

Some are breathing again because we might have just got out of a large week long range. But I am not taking this move seriously yet.

Just as much chance it goes back to the 1920s before going for a new high, or not...

BUT we could now be stuck in a micro 20 pips range for a while.

I like that the market conditions are changing, it means more opportunity. Taking advantage, reacting to what the price does next.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #130,098
  • Apr 14, 2021 9:07am Apr 14, 2021 9:07am
Quoting Godzilla
{quote} yes 1964 key here. bears in serious danger.
what a bearish hour. drops 11 pips in last 10 mins to close at 1956 to stay in the contest but for how long ? bears need to close below 1937 otherwise this is a fake. still short but tight stops
  • #130,099
  • Apr 14, 2021 9:15am Apr 14, 2021 9:15am
Quoting HBN08
{quote} Tps got hit Now ima take a sell here , holding tho the day good day to all
holding..ima take shorts in the mini ride to 1.18280
  • #130,100
  • Apr 14, 2021 9:16am Apr 14, 2021 9:16am
Quoting mtako
{quote} Been waiting to buy that 1960 level if 1950 was tested and held well. SL at BE when 70 is hit. 68 needed to break for my odds to stay good enough. 25 minutes left before I get out and wait again ! Being extra careful intraday if 67-70s failed again ! Looking for sells if it does.
Actively working as much on potential sells now. And there we go !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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