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EURUSD

  • #1,195,001
  • May 31, 2021 10:01am May 31, 2021 10:01am
That is a thirsty bull candle
  • #1,195,002
  • May 31, 2021 10:08am May 31, 2021 10:08am
Quoting Esbuga
That is a thirsty bull candle
mt ea grabbed all of it
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 37 KB
  • #1,195,003
  • May 31, 2021 10:29am May 31, 2021 10:29am
Quoting Js3mwtRc
This is the second time that EU droped and advanced up fast. Will this pattern work again like the first time, or it will move above 2215 where it will stop to count? {image}
Looks like its going to hit 2245/50.
Looking for profitable short term trades ...|
  • #1,195,004
  • May 31, 2021 10:33am May 31, 2021 10:33am
Quoting Js3mwtRc
{quote} Looks like its going to hit 2245/50.
+US holiday
+market volume thin
+month end

think about manipulation ?
  • #1,195,005
  • May 31, 2021 10:49am May 31, 2021 10:49am
Quoting paogeh
{quote} +US holiday +market volume thin +month end think about manipulation ?
My first thought was that it is continuing what started on Friday, without a significant drop (it could move around 2150) because of bank holidays.
Looking for profitable short term trades ...|
  • #1,195,006
  • May 31, 2021 10:53am May 31, 2021 10:53am
MMeanwhile elsewhere
Attached Image (click to enlarge)
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  • #1,195,007
  • May 31, 2021 11:03am May 31, 2021 11:03am
Quoting PatienceFx
MMeanwhile elsewhere {image}

Well... told you it will go up. Now I wait 1.22410 to short this MF into the ground.

Tomorrow it will fall like a rock ...
  • #1,195,008
  • May 31, 2021 11:23am May 31, 2021 11:23am
Next target should be up to 1.23xx where daily supply zone is.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDdaily.png Size: 63 KB
  • #1,195,009
  • May 31, 2021 11:27am May 31, 2021 11:27am
Looking at COT report, majority of JPY are selling.

CADJPY - BULLISH
EURJPY - BULLISH
GBPJPY - BULLISH

GBPUSD - BULLISH
EURUSD - BULLISH

USDCAD - BEARISH
  • #1,195,010
  • May 31, 2021 11:28am May 31, 2021 11:28am
Quoting Techanalyst
Next target should be up to 1.23xx where daily supply zone is. {image}

This bull cycle is too old and it went up too much - it badly badly needs a correction. You MIGHT be right and we will have one last run up to trap all the bulls before the bear cycle starts but very soon the bears will kick in. See how hard is to reach new highs ...
  • #1,195,011
  • May 31, 2021 11:38am May 31, 2021 11:38am
Taking into account all the retail positions right now, majority is selling. I think the price needs to go up convincingly enough to shake off those sellers and then we may see a 'little' correction otherwise retail would ,overall, win this round and we all know that this not a reality. Also we could see a another month of bull pushing but this time way weaker until we reach that 1.23XXX
  • #1,195,012
  • May 31, 2021 11:51am May 31, 2021 11:51am
EURUSD bullish

Attached Image (click to enlarge)
Click to Enlarge Name: ead8eed988ea168971eb8253b41350b7.png Size: 52 KB
Looking for profitable short term trades ...|
  • #1,195,013
  • May 31, 2021 12:36pm May 31, 2021 12:36pm
Look at this 30 min chart. Look at the ellipse and arrows, that is where majority of retail traders went sell, and got knocked out of the sell positions, price went up.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 50 KB
  • #1,195,014
  • May 31, 2021 1:22pm May 31, 2021 1:22pm
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  • #1,195,015
  • May 31, 2021 4:44pm May 31, 2021 4:44pm
Traders, what is happening, why is everyone so quiet?
  • #1,195,016
  • May 31, 2021 4:51pm May 31, 2021 4:51pm
Quoting Techanalyst
Look at this 30 min chart. Look at the ellipse and arrows, that is where majority of retail traders went sell, and got knocked out of the sell positions, price went up. {image}
Yes, so they where all forced to buy, at the same time, witch is probably what smart money wanted
  • #1,195,017
  • May 31, 2021 5:20pm May 31, 2021 5:20pm
Quoting Techanalyst
Traders, what is happening, why is everyone so quiet?
Everyone was selling EU and GU mate, and they are sad now. We warned them though. Both about COTs and Retail Sentiment. I think we did our duty as bros.
You have to have an IQ higher than 90 to interact with this user.
  • #1,195,018
  • May 31, 2021 5:29pm May 31, 2021 5:29pm
Quoting Nordling00
{quote} Everyone was selling EU and GU mate, and they are sad now. We warned them though. Both about COTs and Retail Sentiment. I think we did our duty as bros.
Sad about what? A 30 pip upmove into the month close?

When you target 200-400 pips, you don't care about 100 pips against you, let alone 30-50...when you have a proper money management, you don't care about 200+ pips against you.
Everyone can see the chart, but only a few can actually read it.
  • #1,195,019
  • May 31, 2021 5:31pm May 31, 2021 5:31pm
Quoting STrading
{quote} Yes, so they where all forced to buy, at the same time, witch is probably what smart money wanted
No... retail traders fall for that pattern a lot, so they push the price up to knock out all the sellers.
But doesnt matter majority of retail are sell so institutions are going higher.
  • #1,195,020
  • May 31, 2021 5:34pm May 31, 2021 5:34pm
Quoting OnlineAddict
{quote} Sad about what? A 30 pip upmove into the month close? When you target 200-400 pips, you don't care about 100 pips against you, let alone 30-50...when you have a proper money management, you don't care about 200+ pips against you.
You are the best sentiment indicator on this thread. You are targeting big minus of 200-400 pips. I dont think you have any money management, that is why you have been selling into bullish trend.
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