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  • Post #137,701
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  • Aug 10, 2021 6:55am Aug 10, 2021 6:55am
  •  Robinhood1
  • Joined Dec 2011 | Status: Guardian Angel | 7,294 Posts
My target now is 11900 aprox. just like a pendulum.
Guardian Angel
Two Clocks All Time Return: -16.4%
 
1
  • Post #137,702
  • Quote
  • Aug 10, 2021 7:00am Aug 10, 2021 7:00am
  •  macdulio
  • Joined Oct 2013 | Status: Member | 1,079 Posts
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Moratorium remains untouched, the storm is over.
 
 
  • Post #137,703
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  • Aug 10, 2021 7:00am Aug 10, 2021 7:00am
  •  eurusd-thijs
  • Joined Jul 2020 | Status: Member | 850 Posts
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Trends have a higher probability of continuing than not.
 
1
  • Post #137,704
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  • Aug 10, 2021 7:02am Aug 10, 2021 7:02am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 17,905 Posts
Reposting my Weekly Chart

  1. Breakout from earlier wedge could signal an upcoming bullish period BUT meanwhile bears are still trying to hit 1.1666 area (and with momentum even 1.1611)
  2. 1.1713 is important on monthly (monthly levels can't be precise, so give or take 30 pips)
  3. Environment is bearish yes, BUT this business consists mostly of sideways pa or pullbacks, so nothing is just going into one direction forever.. Important S/R levels and timing matter most!

I hope it helps

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Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 47.3%
 
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  • Post #137,705
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  • Aug 10, 2021 7:26am Aug 10, 2021 7:26am
  •  eurusd-thijs
  • Joined Jul 2020 | Status: Member | 850 Posts
Quoting Ata-Turkoglu
Disliked
Reposting my Weekly Chart Breakout from earlier wedge could signal an upcoming bullish period BUT meanwhile bears are still trying to hit 1.1666 area (and with momentum even 1.1611) 1.1713 is important on monthly (monthly levels can't be precise, so give or take 30 pips) Environment is bearish yes, BUT this business consists mostly of sideways pa or pullbacks, so nothing is just going into one direction forever.. Important S/R levels and timing matter most! I hope it helps {image}
Ignored
Thanks, it always helps

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Trends have a higher probability of continuing than not.
 
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  • Post #137,706
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  • Aug 10, 2021 7:32am Aug 10, 2021 7:32am
  •  eurusd-thijs
  • Joined Jul 2020 | Status: Member | 850 Posts
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stop looking for longs, take your medication

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Trends have a higher probability of continuing than not.
 
3
  • Post #137,707
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  • Aug 10, 2021 7:40am Aug 10, 2021 7:40am
  •  josip
  • Joined Dec 2015 | Status: Member | 694 Posts
max 20pips down and we can go UP or at least we will reach Support...
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  • Post #137,708
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  • Aug 10, 2021 7:42am Aug 10, 2021 7:42am
  •  0pticFalleN
  • | Joined Jul 2021 | Status: PA Lover | 48 Posts
Daily candles are too aggressive to look at any longs for now. Got to wait and see the price reaction to 1.17000 area and how the bulls will (if they do) come in at that spot, the market needs a correction, we are in a streak of almost 8 days in a row with daily candles closing bearish, its all about waiting and reading the signals the chart gives us and then capitalize on it

We are in a critical zone like Ata said before
A vision without action is merely a dream.
 
1
  • Post #137,709
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  • Aug 10, 2021 7:53am Aug 10, 2021 7:53am
  •  yvestrcz
  • Joined Mar 2020 | Status: Member | 791 Posts
It is quite apparent that bulls have been approaching the situation quite resignedly for most of the day. Much as I can recall some of you writing about the probability of bulls kicking in out of the blue, still I sense the contrary is being cooked - another sudden drop to harvest the incredible prevalence of retail buyers (if the sentiment figures can be trusted, of course).
 
1
  • Post #137,710
  • Quote
  • Aug 10, 2021 8:03am Aug 10, 2021 8:03am
  •  eurusd-thijs
  • Joined Jul 2020 | Status: Member | 850 Posts
the eurusd downward move till now not only is supported by good usa economical numbers
but from european side bad numbers are publicated
http://mikebrungs.com/sounds/medtime.wav
Trends have a higher probability of continuing than not.
 
 
  • Post #137,711
  • Quote
  • Aug 10, 2021 8:05am Aug 10, 2021 8:05am
  •  Guy1969
  • | Joined Jul 2021 | Status: Member | 68 Posts
Based on the Weekly, the EURUSD could really be in trouble here...
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  • Post #137,712
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  • Aug 10, 2021 8:05am Aug 10, 2021 8:05am
  •  belon
  • Joined Aug 2016 | Status: Member | 557 Posts
...
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  • Post #137,713
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  • Aug 10, 2021 8:06am Aug 10, 2021 8:06am
  •  lostup
  • | Joined Mar 2021 | Status: Member | 94 Posts
buyer still rising in brokers volume in eurusd ..so more lows are waiting
 
 
  • Post #137,714
  • Quote
  • Aug 10, 2021 8:12am Aug 10, 2021 8:12am
  •  lostup
  • | Joined Mar 2021 | Status: Member | 94 Posts
every above analysis will not work , no supports,. no zones , no indicators
actually market moved on the basis of retail traders volume .. and voume of buyers are increaing .. so that mean all are still buying that is very dangerous
so better to find and put sell trades
 
 
  • Post #137,715
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  • Aug 10, 2021 8:39am Aug 10, 2021 8:39am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2,944 Posts
Quoting yvestrcz
Disliked
It is quite apparent that bulls have been approaching the situation quite resignedly for most of the day. Much as I can recall some of you writing about the probability of bulls kicking in out of the blue, still I sense the contrary is being cooked - another sudden drop to harvest the incredible prevalence of retail buyers (if the sentiment figures can be trusted, of course).
Ignored
I know what you mean. I've been "itching" to go long up to the 1.1730ish area but I'm afraid to leave the computer (which I have to) for fear of this happening to EU
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1
  • Post #137,716
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  • Aug 10, 2021 8:46am Aug 10, 2021 8:46am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 2,038 Posts
Nice Fib level:
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Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
 
1
  • Post #137,717
  • Quote
  • Aug 10, 2021 8:53am Aug 10, 2021 8:53am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2,944 Posts
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We're getting closer to 1.17
 
 
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  • mzsp13
  • Post #137,719
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  • Aug 10, 2021 9:17am Aug 10, 2021 9:17am
  •  macdulio
  • Joined Oct 2013 | Status: Member | 1,079 Posts
Refer back to the beat ticker
This is not a break out, it is a soft landing in a fishing net

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  • Post #137,720
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  • Aug 10, 2021 9:39am Aug 10, 2021 9:39am
  •  934rex
  • Joined Mar 2021 | Status: As long as the OUTCOME is INCOME... | 408 Posts
A possible Weekly Mitigation play...
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