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  • #132,361
  • May 18, 2021 1:48am May 18, 2021 1:48am
Meanwhile on my H4 projections chart:

  1. First, bulls need to watch 1.2204 nearest resistance area.. If momentum pushes further next stop would be 1.2235 area max. for the next 12 hours or so!
  2. Nearest support sits at 1.2181 now..
  3. The shape of candle structure looks like a cup and its handle might be coming soon.. This could be an early signal for way higher levels than we imagined so far.. Therefore: Be very very careful with blindly selling!

*With these new highs we can forget the potential Gartley pattern I mentioned yesterday..
**Only after price arrives at 1.22 and above we can begin to also benefit from scalp selling.. but my emphasis is on "scalping"!
*** I am marking 1.2175 as nearest support based on H1..

I hope it helps

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Projections.png Size: 24 KB
Focus only on what truly matters!
  • #132,362
  • May 18, 2021 1:55am May 18, 2021 1:55am
Quoting sartu
Short at 1.2168 SL 20 Pips TP Open {image}
SL hit
  • #132,363
  • May 18, 2021 2:04am May 18, 2021 2:04am
Quoting mtako
Waking up to update my SLs and confirm a new trade at 2162 {quote} Now waiting to see important reactions of 2170-2190. Looking for new support above 2170s and start taking new entries from there. A bit more info on some important levels : {quote} Happy tuesday trading all !
Buy stop 21877

Longer-term shared in previous post looking very good. Will update if anyone interested. Cheers all. Stay safe.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,364
  • May 18, 2021 2:09am May 18, 2021 2:09am
I closed my most recent long order here at 1.2194.. Will wait on side lines to see 1.2204 reaction.. later I can hop back in or not depending on progress..
Focus only on what truly matters!
  • #132,365
  • May 18, 2021 2:11am May 18, 2021 2:11am
W_R1 should be around the corner but 2216 / 2230 will be hit
Attached Image (click to enlarge)
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  • #132,366
  • May 18, 2021 2:21am May 18, 2021 2:21am
Quoting mtako
{quote} Buy stop 21877 Longer-term shared in previous post looking very good. Will update if anyone interested. Cheers all. Stay safe.
New buystop on volatility 2197, last entry SL moved to Be the second 2197 is hit, if hit.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,367
  • May 18, 2021 2:31am May 18, 2021 2:31am
EURUSD really is going up unexpected. BUT I can see a normal divergence on 3 timeframes. D1,H4,H1. This could mean a good correction before reaching this year's highs.
  • #132,368
  • May 18, 2021 2:51am May 18, 2021 2:51am
Quoting Sansz
EURUSD really is going up unexpected. BUT I can see a normal divergence on 3 timeframes. D1,H4,H1. This could mean a good correction before reaching this year's highs.
Hi Sansz! Nice to see a fellow divergence trader ! I trade counter trend divergence but on my end they are only profitable in the long run under these conditions here when considered with extremely strong confirmation of another kind, like in double-tops and the likes. Divergence are very common in strong trends like these and throughout the trend, so I do not take them seriously alone under these conditions like we have here.


Quoting mtako
{quote} New buystop on volatility 2197, last entry SL moved to Be the second 2197 is hit, if hit.
New buystop on volatility 1.22044, last entry SL moved to Be the second 2197 is hit, if hit.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,369
  • May 18, 2021 2:53am May 18, 2021 2:53am
@Traderview - are you shorting here?
Another day, another dollar.
  • #132,370
  • Edited 3:07am May 18, 2021 2:57am | Edited 3:07am
Based on H1, from here everything is up to 1.2209.. Let's see if bulls can penetrate through this crucial blockage...

*With every tiny rise or drop more and more retail sellers coming in.. Robber banks are probably enjoying this!
Focus only on what truly matters!
  • #132,371
  • May 18, 2021 3:04am May 18, 2021 3:04am
Quoting mtako
{quote} Hi Sansz! Nice to see a fellow divergence trader ! I trade counter trend divergence but on my end they are only profitable in the long run under these conditions here when considered with extremely strong confirmation of another kind, like in double-tops and the likes. Divergence are very common in strong trends like these and throughout the trend, so I do not take them seriously alone under these conditions like we have here. {quote} New buystop on volatility 1.22044, last entry SL moved to Be the second 2197 is hit, if hit.
Intresting view. Thank you for sharing!
  • #132,372
  • May 18, 2021 3:06am May 18, 2021 3:06am
Quoting Traderview
{image}{image}{image}{image}{image}{image}
Update on M pattern. and DXY
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot (478).png Size: 287 KB
  • #132,373
  • May 18, 2021 3:07am May 18, 2021 3:07am
2204 was a volatility based and needed more closes above it by now to equal or surpass the growth of volatility at the moment entry. Have to move SL at 2198 and expecting to be Stopped out.

Now with 14 new longs since the start of day, all secured at BE, waiting for bears to try something before considering new setups.

Common bears, get out of your honey !


Quoting mtako
{quote} ......Divergence are very common in strong trends like these and throughout the trend, so I do not take them seriously alone under these conditions like we have here. {quote} New buystop on volatility 1.22044, last entry SL moved to Be the second 2197 is hit, if hit.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,374
  • May 18, 2021 3:08am May 18, 2021 3:08am
Quoting Ata-Turkoglu
Based on H1, from here everything is up to 1.2209.. Let's see if bulls can penetrate through this crucial blockage...
Well... it looks like that this will a tough roadblock. I am watching the DXY and there in the 1H the Slow Stoch has reached a value of 7.15... seldom it went so low (deeply oversold). That does not mean it cannot continue... but usually it takes a short breather and a snack break at such values.
I just got out with 1.22042.

On the longer frames... DXY is down 8960 will come for sure!!! So EUR sellers be aware... NOT NOW! Over the 5-8 days it is targeting 8900 which could correspond with 1.2350.
  • #132,375
  • May 18, 2021 3:12am May 18, 2021 3:12am
Quoting nic9man
@Traderview - are you shorting here?
Above 1.2215 on intraday wise. But above 1.2250 for longer.

Patience.
  • #132,376
  • May 18, 2021 3:19am May 18, 2021 3:19am
Quoting energies
....watch out, stop byuing, add more shorts {image}

...said the buyer sneaky energies ! p.s really like your posts.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,377
  • May 18, 2021 3:24am May 18, 2021 3:24am
Quoting Monk
sold a little more 2166 just to make the hole I’m in just a little deeper lol
well that was dumb and sucked
--post hoc ergo propter hoc--
  • #132,378
  • May 18, 2021 3:28am May 18, 2021 3:28am
Quoting Monk
{quote} well that was dumb and sucked
No no... always have an eye on the DXY!

But what to say... hell, as I am writing the EUR moves on . It almost looks like they targeting the EU Flash report on the end of the hour... in the traditional buy the rumor - sell the f$£k way...
  • #132,379
  • May 18, 2021 3:29am May 18, 2021 3:29am
Quoting energies
....watch out, stop byuing, add more shorts {image}
not yet, a little bit more push up, cca 10-15pips
Trendlines H1,H4, SMC
  • #132,380
  • May 18, 2021 3:34am May 18, 2021 3:34am
Sold @ 1.2215

SL 30

TP open.
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