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  • #137,081
  • Jul 29, 2021 8:07am Jul 29, 2021 8:07am
I guess bulls have pierced 1.1880 cogently, and it could be a good time to ride a little short trade.
  • #137,082
  • Jul 29, 2021 8:09am Jul 29, 2021 8:09am
Quoting lucky1359
This is in the Breaking News but Candles not considering it {image} And see how the Candles Dance Tommorrow during EUR GDP News {image}
This news is confusing to most of the traders - why?

The GDP Numbers are high (indicating inflation {the BOGEYMAN}) BUT they are less than expected by 2 percentage points.

So is the economy slowing down ? Should the FED continue to talk about tapering or not?

Too much confusion for most - ME; I'm a simple man. RISK ON.
...because you never know - until you do!
  • #137,083
  • Jul 29, 2021 8:13am Jul 29, 2021 8:13am
Quoting yvestrcz
I guess bulls have pierced 1.1880 cogently, and it could be a good time to ride a little short trade.
I think you can already guess what I am thinking (whisper whisper no! whisper whisper.. don't do it! whisper whisper..)
Focus only on what truly matters!
  • #137,084
  • Jul 29, 2021 8:23am Jul 29, 2021 8:23am
H1 Status Update

Bulls keep coming.. 1.1866 is now my nearest support and buy zone on this time frame.. BUT I can see tiny teeny bit of weakness since price still couldn't touch my fib 1.55: 1.1889 area.. Once they do more bullishness can be expected.. I am on side lines! No selling yet! Only buying dips whenever possible..
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Focus only on what truly matters!
  • #137,085
  • Jul 29, 2021 8:52am Jul 29, 2021 8:52am
Come on Bulls - You Can Do This!
Attached Image
...because you never know - until you do!
  • #137,086
  • Jul 29, 2021 9:03am Jul 29, 2021 9:03am
Quoting fxsport
Come on Bulls - You Can Do This! {image}
Looks very strong. After London and in asian session could increase more at slow pace
  • #137,087
  • Jul 29, 2021 9:33am Jul 29, 2021 9:33am
Quoting SiamonSings
{quote} sold at 1.18825 per this plan. Targeting 18475
.38 retracement of June 21 - July 21 movement sits at 1.18899. I may have sold this a bit early. But still targeting ~18500 area. Reaction at 18640 may warrant some caution.
  • #137,088
  • Edited 10:56am Jul 29, 2021 9:41am | Edited 10:56am
Well at this point it appears to me that 1.1900 is today's goal.

With so much negativity I have a feeling that the 1.1900 will be heavily defended by retail, the question is what about the big boys?

I'm still long with TP at 1.1899

EDIT: It is now noon EST and there is NO PRICE MOVEMENT! Closing position and waiting most likely until next month....
...because you never know - until you do!
  • #137,089
  • Jul 29, 2021 10:06am Jul 29, 2021 10:06am
Okay okay.. Once price reaches 1.1891 you are allowed to touch the sell button
Focus only on what truly matters!
  • #137,090
  • Jul 29, 2021 10:13am Jul 29, 2021 10:13am
Quoting Ata-Turkoglu
Okay okay.. Once price reaches 1.1891 you are allowed to touch the sell button
But dont press hard
Trends have a higher probability of continuing than not.
  • #137,091
  • Jul 29, 2021 10:17am Jul 29, 2021 10:17am
Quoting eurusd-thijs
{quote} But dont press hard
Yes true.. don't smash it.. Gentle!
Focus only on what truly matters!
  • #137,092
  • Jul 29, 2021 11:22am Jul 29, 2021 11:22am
Quoting lucky1359
{quote} Touched @ 1.1880 and came little back Now wait for Dead Cat Bounce near GER HICP News to Breach the Upper Levels {image} How many Pips can it move up from here Fire at Will if 1.1905 - 1.1910 Levels are Breached Match the Levels as per your Trading Style and be Blessed with Green Pips
It took 6 Hours to Breach the 1.1880 - 90 Levels
  • #137,093
  • Edited 1:31pm Jul 29, 2021 11:45am | Edited 1:31pm
Slowly coming down.

and then up

sinusoide around euroclose
m5 graph
in an uptrend you can target euroclose if it goes below using rsi 14 in m5 oversold condition
more than once it overshoots with the same number of pips as it did go below the euroclose

(in usa only hours = after 1800 hr frankfurt time=euroclose price)

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Trends have a higher probability of continuing than not.
  • #137,094
  • Jul 29, 2021 1:28pm Jul 29, 2021 1:28pm
Quoting eurusd-thijs
Slowly coming down. and then up sinusoide around euroclose m5 graph in an uptrend you can target euroclose if it goes below using rsi 14 in m5 oversold condition more than once if overshoots with the same number of pips as it did go below the euroclose (in usa only hours = after 1800 hr frankfurt time) {image} {image} {image}
Hmmm, I didn't get the practical outcome. Can you project the thought to the current situation.
  • #137,095
  • Jul 29, 2021 1:54pm Jul 29, 2021 1:54pm
Quoting yvestrcz
{quote} Hmmm, I didn't get the practical outcome. Can you project the thought to the current situation.
Buy 1.1880 (oversold m5 rsi14 < 40) TP euroclose 1.1886 or with overshoot 1.1892
Trends have a higher probability of continuing than not.
  • #137,096
  • Jul 29, 2021 3:22pm Jul 29, 2021 3:22pm
Hmm, I am getting mixed vibes on how this month will close, if I am to judge strictly from candlesticks pattern, I would say this month will be pretty bearish based on the previous level of engulfing of last month candle, looking at that candle sets anybody's bias to bearish.
Another way to look at it is, as I said earlier, there is literally no more room to move up again for this week (assuming price obeys weekly trade levels), 3rd resistance sits at 1.18961, although I doubt we will touch it.
Supply is about forming on daily, indicating a possible drop tomorrow.

As Ata mentioned earlier, this is matter of closing below or above 1.18000.

Well, just keep an open mind as we may touch 1.17850 tomorrow.
Risk comes from not knowing what to do
  • #137,097
  • Jul 29, 2021 3:44pm Jul 29, 2021 3:44pm
Quoting Beyfor
BE PREPARED {image}
Market is performing as anticipated.

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  • #137,098
  • Jul 29, 2021 6:22pm Jul 29, 2021 6:22pm
Quoting SnaveForex
{quote} Took profit 1848 to lock in. Swap is just too much to keep holding buy trades overnight. 1795- 1786 1767 may give a decent bounce to target 1877 ish if bears finally agreed to settle. At the point it is flat mode i may counter short 1848 for these levels (1795- 1786 1767). Asia opens momentarily. Trade well
1848 weak bounce since asia and there has been no looking back. currently 1893 resistance and above 1875

EurUsd stay above 1875 we see potential 1915 spike
  • #137,099
  • Jul 30, 2021 1:27am Jul 30, 2021 1:27am
https://www.forexfactory.com/thread/...0#post13647150
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  • #137,100
  • Jul 30, 2021 1:30am Jul 30, 2021 1:30am
Quoting yvestrcz
I guess bulls have pierced 1.1880 cogently, and it could be a good time to ride a little short trade.
Hi yvestrcz

I watched a block being placed last night at 1.1885 which was seen on Futures as a continious order that was being controlled by their algo. It was seen about a minute before it approached that level, and when hit it was restocked always back to 160 units.
It absorbed price at least 5 times (seen on M1) before a strong imbalance of the bid orders was actioned to get price down.
They had a back up plan of another order 4 pips higher up at over 200 units so it was selling 100%.
What happens in Futures will happen in SpotFX within half a second later outside news events.

That was a very easy Sell signal last night.

Cheers
Trading thin liquidity at the boundary of the charts
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