I am daring to open a long order here at 1.2176... Stops must go at least 24 pips lower.. Let's see.. *Don't try at home lol
"No pain no gain"
- #132,781
- Edited 4:34pm May 21, 2021 3:29pm | Edited 4:34pm
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
- #132,782
- Edited 3:57pm May 21, 2021 3:45pm | Edited 3:57pm
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
I continue with my sale for next week, let's see how far it goes ,,,
Here is my canvas and my demarcations ,,,
Here is my canvas and my demarcations ,,,
"No pain no gain"
- #132,783
- Edited 7:24am May 22, 2021 6:37am | Edited 7:24am
- Joined Dec 2018 | Status: Trader | 1,483 Posts
I see some people, look for long. Yeah its true for long.
My opinion its could be drop to making lower price before going up. Its cycle. I see the psychological cant break 1.224x , my reason preliminary US GDP (be carefull about this data, it could be a reason for FED to change the policy). I see 2 time and my key level for ending up trend unreached.
Check weekly volume if next week close bellow last week and pefect volume its really bears.
COT data for commercial (its identical for headging fund looked long and increase short)
Non commercial (its identical for big trader look a bullish momentum) but sometimes cot and price divergence.
But in overall its bullish (for longterm maybe 1.25 or 1.27 before real reversal.
For midterm be careful, about weekly volume. I use 3 broker to compere data volume
- #132,784
- May 22, 2021 3:01pm May 22, 2021 3:01pm
- Joined Oct 2013 | Status: Trader | 1,079 Posts
A few things to note.
The market is in the upper reversal zone (85-95%).
After the trendline break, it had 7 weeks up - there was a similar run right before. There was a definite reaction from the second resistance line doubling down on a lower high.
On Friday was the 2. leg down to the hourly E-207 = mean reversion, this could be a C wave, but could also be a pause at the mean during a Wave 3 down. We need to consider the fact that the 4H energy is abundant, barely registering a start of a push.
So far price has been kept away from the E-16 since the separation.
There is a bear edge with the consolidation under the E-89, the recent downside volatility expansion and the location of the price in the overall range.
The market is in the upper reversal zone (85-95%).
After the trendline break, it had 7 weeks up - there was a similar run right before. There was a definite reaction from the second resistance line doubling down on a lower high.
On Friday was the 2. leg down to the hourly E-207 = mean reversion, this could be a C wave, but could also be a pause at the mean during a Wave 3 down. We need to consider the fact that the 4H energy is abundant, barely registering a start of a push.
So far price has been kept away from the E-16 since the separation.
There is a bear edge with the consolidation under the E-89, the recent downside volatility expansion and the location of the price in the overall range.
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- #132,786
- May 22, 2021 3:38pm May 22, 2021 3:38pm
- Joined Apr 2021 | Status: Trader | 5,844 Posts
You have to have an IQ higher than 90 to interact with this user.
Possible short-term drop in the week, for a new resumption of the Bulls!
Sale at 50% of Candle BEAR!
Top Double in H4, with information about indicators of downward pressure!
Stop Price 1.22400
Sale Price 1.22000
Price Profit 1 1.21441
Price Profit 2 1.21061
Price Profit 3 1.20680
My Vision, Your Money Your Guide! Do not make premature decisions!
- #132,789
- Edited May 23, 2021 2:59pm May 22, 2021 8:39pm | Edited May 23, 2021 2:59pm
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
I continue with my sale for next week, let's see how far it goes ,,, Here is my canvas and my demarcations ,,, {image} {image}
""" Get the vision,
"
"
"No pain no gain"
- #132,790
- May 23, 2021 2:33am May 23, 2021 2:33am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts | Online Now
eurusd market bullish.
Focus only on what truly matters!
- #132,791
- Edited 2:52am May 23, 2021 2:40am | Edited 2:52am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
EURUSD bullish in the range noted with orange.
Also something out of the bullish yet context that might work.
Also something out of the bullish yet context that might work.
Looking for profitable short term trades ...|
- #132,792
- May 23, 2021 5:53am May 23, 2021 5:53am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts | Online Now
My Daily S/R Levels for Monday
I see a tendency to prove how this will drop BUT guys... everything step by step.. please don't rush!
Bullish point of view:
When a bull looks at current situation what he sees are inside bars for the last 3 days! Market has printed higher highs and higher lows so far.. Finally: 1.2168 area is still supportive and therefore we must wait to see if this area keeps supporting or not.. Until then, sorry to bring it to you but bulls have the upper hand!
Bearish point of view:
For bears the struggle of markets to climb above 1.2250 probably means bull weakness.. Also notice that the bearish AB=CD pattern on H4 has supported this idea since last Wednesday and therefore many retail traders (including me) are now expecting a deeper correction towards 1.20 levels.. BUT again: these are only early signs and could end up as fake signs because even on the H4 chart we still don't have a lower low yet.. Since it is always better to trade what we see I suggest to keep looking for more bearish signs and lower lows before investing too heavy in shorting this..
I hope it helps..
I see a tendency to prove how this will drop BUT guys... everything step by step.. please don't rush!
Bullish point of view:
When a bull looks at current situation what he sees are inside bars for the last 3 days! Market has printed higher highs and higher lows so far.. Finally: 1.2168 area is still supportive and therefore we must wait to see if this area keeps supporting or not.. Until then, sorry to bring it to you but bulls have the upper hand!
Bearish point of view:
For bears the struggle of markets to climb above 1.2250 probably means bull weakness.. Also notice that the bearish AB=CD pattern on H4 has supported this idea since last Wednesday and therefore many retail traders (including me) are now expecting a deeper correction towards 1.20 levels.. BUT again: these are only early signs and could end up as fake signs because even on the H4 chart we still don't have a lower low yet.. Since it is always better to trade what we see I suggest to keep looking for more bearish signs and lower lows before investing too heavy in shorting this..
I hope it helps..
Focus only on what truly matters!
- #132,795
- May 23, 2021 11:09am May 23, 2021 11:09am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts | Online Now
{quote} Yeah its make a bias bearish because its not make a lower low, i hope monday will be clear.
*Below are my updated daily S/R levels for Tuesday.. 1.2172 area is key!
Focus only on what truly matters!
- #132,796
- May 23, 2021 4:43pm May 23, 2021 4:43pm
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
,,, Passando para desejar, feliz semana a todos !!
"No pain no gain"
- #132,797
- May 23, 2021 5:54pm May 23, 2021 5:54pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #132,798
- May 23, 2021 6:40pm May 23, 2021 6:40pm
- Joined Apr 2021 | Status: Trader | 5,844 Posts
{quote} Probably Tuesday, because on Monday banks in Germany and France will have holiday.. Zzzzzzzz....
You have to have an IQ higher than 90 to interact with this user.
- #132,799
- May 23, 2021 7:20pm May 23, 2021 7:20pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
