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  • #1,197,061
  • Jul 2, 2021 4:43pm Jul 2, 2021 4:43pm
Quoting EvilEye
So there was a pullback during NFP but you would have had to put your stop above 1885 which is too risky to try taking that short, and it ended up going higher anyway. Good news is next week it has to go back down
Hope you are right and next week it goes back down!
Great weekend for everyone!
Groeten vrienden, Darrell!
  • #1,197,062
  • Jul 2, 2021 4:52pm Jul 2, 2021 4:52pm
Quoting EvilEye
So there was a pullback during NFP but you would have had to put your stop above 1885 which is too risky to try taking that short, and it ended up going higher anyway. Good news is next week it has to go back down
Why does it have to go down? Chart and PA both say it wants to go up(USD down).

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Everyone can see the chart, but only a few can actually read it.
  • #1,197,063
  • Jul 2, 2021 6:12pm Jul 2, 2021 6:12pm
Interesting week. I'd been avoiding this pair for about a week and a half, as range trading on the shorter timeframes is not my forte, so I was looking more at other pairs.

For this pair I see a short-term pop up next week, then possibly back down to 17xx. If it keeps going up then I think 2400 is the ultimate target, I highly doubt that will happen though, unless there's some major fundamental news damaging to the USD, causing the DXY to tank. Most likely we'll see an attempt to re-test 1900-1950 before heading back down. I could be wrong.
  • #1,197,064
  • Jul 2, 2021 10:08pm Jul 2, 2021 10:08pm
Quoting OnlineAddict
{quote} Why does it have to go down? Chart and PA both say it wants to go up(USD down). {image}
the 1885 rejection tells me it’s got to drop, but as with red news coming off a rejection like that, you can expect price to go nuts for a bit.
if it decides to clip 1885 going up I will short it.
just MHO…
  • #1,197,065
  • Jul 2, 2021 11:55pm Jul 2, 2021 11:55pm
Quoting EvilEye
{quote} the 1885 rejection tells me it’s got to drop, but as with red news coming off a rejection like that, you can expect price to go nuts for a bit. if it decides to clip 1885 going up I will short it. just MHO…
Ah, ok. You mean on thursday, I guess. To me that wasn't a rejection, since London was going up all day on thursday, in a straight line and NY rarely continues a move of London with the same strength...so to me it was just a re-test of the lower numbers again. But I might be wrong, lets see next week.
Everyone can see the chart, but only a few can actually read it.
  • #1,197,066
  • Jul 3, 2021 1:50am Jul 3, 2021 1:50am
Quoting OnlineAddict
{quote} Ah, ok. You mean on thursday, I guess. To me that wasn't a rejection, since London was going up all day on thursday, in a straight line and NY rarely continues a move of London with the same strength...so to me it was just a re-test of the lower numbers again. But I might be wrong, lets see next week.
Hi
do you see 1.20xx ?
  • #1,197,067
  • Jul 3, 2021 1:53am Jul 3, 2021 1:53am
Quoting arya.aryaee
{quote} Hi do you see 1.20xx ?
1980 and if bears show no action there, then 2060.
Everyone can see the chart, but only a few can actually read it.
  • #1,197,068
  • Jul 3, 2021 2:34am Jul 3, 2021 2:34am
Quoting OnlineAddict
{quote} 1980 and if bears show no action there, then 2060.
why you think that,?the same possibillity is under 1.1800 next week..what if this spike up on end of market yesterday is just a one robber bank act to hit retail SL??
SO you dont have any reason to say 2060 next target...
  • #1,197,069
  • Jul 3, 2021 5:38am Jul 3, 2021 5:38am
Seems like its over, but it may have started, or a close above the previous week high will move it higher in the range.

WEEKLY

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DAILY

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4 H

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Looking for profitable short term trades ...|
  • #1,197,070
  • Jul 3, 2021 5:52am Jul 3, 2021 5:52am
Quoting pridolfx
{quote} why you think that,?the same possibillity is under 1.1800 next week..what if this spike up on end of market yesterday is just a one robber bank act to hit retail SL?? SO you dont have any reason to say 2060 next target...
Anything is possible...this trade is not as easy as was shorting above 2200. But even then I knew I will turn bullish once 1830 is reached. 2060 is not as big of a target...if next week bulls take it towards 1950 and higher...and the week closes there...even 2230-50 will be possible. Taking it step by step.
Everyone can see the chart, but only a few can actually read it.
  • #1,197,071
  • Jul 3, 2021 8:17am Jul 3, 2021 8:17am
So you think the move south is finally over?
  • #1,197,072
  • Jul 3, 2021 8:37am Jul 3, 2021 8:37am
Quoting Js3mwtRc
{quote} Any method with 50% draw suck!
56% draw down to be exact, made a TE for it too, time to mend it with my new trading method

https://www.forexfactory.com/patiencefx#acct.63
  • #1,197,073
  • Jul 4, 2021 1:06am Jul 4, 2021 1:06am
Quoting PatienceFx
{quote} 56% draw down to be exact, made a TE for it too, time to mend it with my new trading method https://www.forexfactory.com/patiencefx#acct.63
i will be trading this account with 0.5% margin and 0.1 lots in account recovery mode

Monday, i expect price to return to 1905
  • #1,197,074
  • Jul 4, 2021 12:23pm Jul 4, 2021 12:23pm
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On Fri. I went long at 18 27 [correctly] then took prfts at 44 reversed to short at 43 , and took my losses at 49 [early enough.....]

Finally I regret not keeping my longs for the weekend . I will try to long on Sunday Asian session. I believe this upmove will climb few stairs and days.... PA will show us .

  • #1,197,075
  • Jul 4, 2021 2:20pm Jul 4, 2021 2:20pm
i straightened a dogs tail and it read do not go long
  • #1,197,076
  • Jul 4, 2021 3:57pm Jul 4, 2021 3:57pm
Despite the recent corrective bullish pullback, price action and order flow context on the daily time frame favour bears. Meanwhile, price action is tackling a strong demand/horizontal support area at the 1.19180/1.17380 zone (green). Technically, we cannot rule out further bullish correction or sideways of price action in the early part of this week, but bears are more favoured than bulls. Further bearish directional momentum may expose the 1.16000 handle (purple).

I may be wrong. Trade safe and prosper.
KP

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Disclaimer: Please note that the analysis above is not a market prediction but to contribute to forum members' knowledge. I have not revealed how I will trade this market, so please trade based on your own trading rules and analysis.
Do your homework, follow the footprints of smart money
  • #1,197,077
  • Jul 4, 2021 5:46pm Jul 4, 2021 5:46pm
Today morning EURUSD on H1 the price already touched the upper band, and RSI level above 50, in daily timeframe formed bulls candle, although price still below the middle line, this market still doubt.
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  • #1,197,078
  • Jul 4, 2021 6:20pm Jul 4, 2021 6:20pm
Quoting Fxoday
Today morning EURUSD on H1 the price already touched the upper band, and RSI level above 50, in daily timeframe formed bulls candle, although price still below the middle line, this market still doubt. {image}
Bent dog tails tell me huge drop coming
  • #1,197,079
  • Jul 4, 2021 7:22pm Jul 4, 2021 7:22pm
Quoting PatienceFx
{quote} Bent dog tails tell me huge drop coming
ah the bent dog tail indicator, i prefer fish entrails'

----

1m chart is saying down digger down. beyond that í'm watching.
In tea leaves we trust!
  • #1,197,080
  • Jul 4, 2021 9:21pm Jul 4, 2021 9:21pm
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Only an idiot knows with certainty to where the market is going.
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