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EURUSD only

  • #133,341
  • May 28, 2021 2:21am May 28, 2021 2:21am
Quoting Ata-Turkoglu
M15 candles keep rising back above 1.2180.. I cannot sell this (not yet)
H1 close below 2168 enough for me to start selling.
H4 close is better.
Trade to enjoy... Money is after!
  • #133,342
  • May 28, 2021 2:25am May 28, 2021 2:25am
Quoting saninvestor
{quote} H1 close below 2168 enough for me to start selling. H4 close is better.
AB=CD has achieved TP1 at 1.21755... Now what could happen after sellers take profit? That's why I am cautious..
Focus only on what truly matters!
  • #133,343
  • May 28, 2021 2:39am May 28, 2021 2:39am
In my opinion the short setup is too clear, many people sold or shorted the wedge because the last top was similar. Market makers spread everywhere that a correction is looming and that central bank divergence would drive EURUSD lower. It seems broad consensus, so I just wonder who is not yet positioned to push it through. A rebound from here would be a much higher surprise than a break, that‘s why it might actually happen. Maybe all these shorters are early birds and the central bank convergence trades starts only later in the year. Let‘s see.
Another day, another dollar.
  • #133,344
  • Edited 2:54am May 28, 2021 2:42am | Edited 2:54am
Meanwhile on H4...

My S/R levels for the next 12 to 16 hours or so are telling me that we might have a correction first before it might or might not drop..

Potential targets for the bullish correction, starting from nearest are: 1.2201 and then 1.2224 area... Maybe up to 1.2240 based on momentum..

*Please notice how important 1.2180 support level is for today..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Projections.png Size: 31 KB
Focus only on what truly matters!
  • #133,345
  • May 28, 2021 2:47am May 28, 2021 2:47am
Quoting Ata-Turkoglu
Meanwhile on H4... My S/R levels for the next 12 to 16 hours or so are telling me that we might have a correction first.. Potential targets starting from nearest are: 1.2201 and then 1.2224 area... *Please notice how important 1.2180 support level is for today.. {image}
you mean correction to the upside?
Another day, another dollar.
  • #133,346
  • May 28, 2021 2:51am May 28, 2021 2:51am
Quoting nic9man
{quote} you mean correction to the upside?
Sí señor..

In other words, I think selling as high as we can and as close as we can to 1.2225/40 zone seems to be the wiser option.. Of course if breakout below 1.2180 comes earlier than expected we have to adapt..
Focus only on what truly matters!
  • #133,347
  • May 28, 2021 3:14am May 28, 2021 3:14am
Quoting Ata-Turkoglu
Meanwhile on H4... My S/R levels for the next 12 to 16 hours or so are telling me that we might have a correction first before it might or might not drop.. Potential targets for the bullish correction, starting from nearest are: 1.2201 and then 1.2224 area... Maybe up to 1.2240 based on momentum.. *Please notice how important 1.2180 support level is for today.. {image}
I think it could be 1.2240
  • #133,348
  • May 28, 2021 3:14am May 28, 2021 3:14am
Quoting corongumet
{quote} I think it could be 1.2240
Yes, possible and that would be the median level of my blue channel on H4..
Focus only on what truly matters!
  • #133,349
  • May 28, 2021 3:31am May 28, 2021 3:31am
..and here are my Monday levels which should be effective even today!

  1. 1.2203/15 area is main resistance until 1.2182 area breaks
  2. My potential highest high for today sits around 1.2234/44 but it is a maybe for now!
  3. Advice for the day: Don't take any breakout for granted when it hasn't happened yet!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR.png Size: 32 KB
Focus only on what truly matters!
  • #133,350
  • May 28, 2021 3:48am May 28, 2021 3:48am
The day is longer from now, we can still do scaping asap short or long after 4H candle finished. Don't waste too longer time instead doing watching and much analysis . 1H chart is already 3 green should be goes down minimun 15 pips or more
Change is never easy, but always possible
  • #133,351
  • May 28, 2021 3:51am May 28, 2021 3:51am
We arrived at the trickiest hour of the day.. I delay trading for 1 hour!
Focus only on what truly matters!
  • #133,352
  • May 28, 2021 3:58am May 28, 2021 3:58am
Oh, what a tremendous gap upon arrival to 1.2199! Around 3.4 pip gap down to 1.21956 if I could see well...
  • #133,353
  • May 28, 2021 3:58am May 28, 2021 3:58am
H1 Status Update

For my followers: 1.2184 is current aggressive buy level.. but DAMN resistance 1.2203 area is still a pain in the neck! Beware!!!

*Also notice how macd divergence signaled the bull move...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 32 KB
Focus only on what truly matters!
  • #133,354
  • May 28, 2021 4:22am May 28, 2021 4:22am
Looks like a small falling wedge which won't go lower than 1.2191 if it works. Breakout above 1.2196.
EDIT: Hasn't worked :/
Another day, another dollar.
  • #133,355
  • May 28, 2021 4:28am May 28, 2021 4:28am
New pending order buy limit: 1.2185..
Stops must go 24 pips lower or more.. TP is as always damn resistance area 1.2203..
Focus only on what truly matters!
  • #133,356
  • May 28, 2021 4:46am May 28, 2021 4:46am
I closed both my short trades, one of them at BE, +10 pips in total, and I guess I need a break. I am not convinced bulls are ready to give it another round, thus staying on the sidelines until the range is broken either way. Good luck friends!
  • #133,357
  • May 28, 2021 4:49am May 28, 2021 4:49am
If you see 1hr closes below 1.2179, then give up your longs and wait sidelines for a while.
  • #133,358
  • May 28, 2021 4:50am May 28, 2021 4:50am
its risky to go LONG
Attached Image (click to enlarge)
Click to Enlarge Name: ddd.jpg Size: 241 KB
Trendlines H1,H4, SMC
  • #133,359
  • May 28, 2021 4:55am May 28, 2021 4:55am
Quoting josip
its risky to go LONG {image}
I love "risky".. That's why I quit my 9 to 5 job in the first place
Focus only on what truly matters!
  • #133,360
  • May 28, 2021 4:57am May 28, 2021 4:57am
Quoting Ata-Turkoglu
{quote} I love "risky".. That's why I quit my 9 to 5 job in the first place
Im too risky sometimes, and I don't know it often
Trendlines H1,H4, SMC
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