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EURUSD

  • #1,199,681
  • Sep 19, 2021 3:56pm Sep 19, 2021 3:56pm
EURUSD is in a bearish operating mode. On the daily time frame, the order flow context and the recent technical candlestick prints favour bears more than bulls. But a reliable southward rotation would depend on a significant breakdown of the 1.17000/1.16000 horizontal support area (green) on a daily closing basis. Technically, in the short term, bears are more favoured than bulls.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,199,682
  • Sep 19, 2021 4:48pm Sep 19, 2021 4:48pm
Quoting KeenPips
EURUSD is in a bearish operating mode. On the daily time frame, the order flow context and the recent technical candlestick prints favour bears more than bulls. But a reliable southward rotation would depend on a significant breakdown of the 1.17000/1.16000 horizontal support area (green) on a daily closing basis. Technically, in the short term, bears are more favoured than bulls. I may be wrong. Trade safe and prosper. KP {image}
good point, however if you took the current price and plot it on a 4hr chart you can find over 10 touches and all them on the support side, none as resistance. if she broke down here then its something new forming.

so for me it should rise, suck the bulls in and drop through this support
In tea leaves we trust!
  • #1,199,683
  • Sep 19, 2021 5:08pm Sep 19, 2021 5:08pm
Point noted mate. One difference, though, is that I swing trade and trade based on the HTFs (D1&W1) zones.

Stay safe, trade safe.

KP

Quoting Mcbeaners
{quote} good point, however if you took the current price and plot it on a 4hr chart you can find over 10 touches and all them on the support side, none as resistance. if she broke down here then its something new forming. so for me it should rise, suck the bulls in and drop through this support
Do your homework, follow the footprints of smart money
  • #1,199,684
  • Sep 19, 2021 9:12pm Sep 19, 2021 9:12pm
trend is just going to continue so i'm short.
In tea leaves we trust!
  • #1,199,685
  • Sep 19, 2021 10:04pm Sep 19, 2021 10:04pm
Quoting Mcbeaners
trend is just going to continue so i'm short.
closed it @ 7330 i'll pick this up later, me thinks a retracement back to trendline is now on (or more)
In tea leaves we trust!
  • #1,199,686
  • Sep 19, 2021 11:02pm Sep 19, 2021 11:02pm
Quoting Js3mwtRc
{quote} I find this forecast exagerated, but if, I take only the close of the month calculation from all these info then I have a more reliable forecast for the end of this month. {image}
We will give achieve it soon
  • #1,199,687
  • Sep 19, 2021 11:13pm Sep 19, 2021 11:13pm
Quoting PatienceFx
Girlfriend 2.0 indicator {file}
indicator explanation

look at what price is doing in relation to G2 ; if below G2 & G1 then trending short ;; if between G2 & G1 then ranging condition
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  • #1,199,688
  • Sep 19, 2021 11:17pm Sep 19, 2021 11:17pm
Quoting PatienceFx
{quote} indicator explanation look at what price is doing in relation to G2 ; if below G2 & G1 then trending short ;; if between G2 & G1 then ranging condition {image}
by the end of this week the drop should stop and go for correction for a week

so 1650 / 1600 is the level to watch
  • #1,199,689
  • Sep 20, 2021 12:46am Sep 20, 2021 12:46am
EU droped more and now is trying to correct toward 1735/40, or 1750. Support is at 1700/1695.

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Looking for profitable short term trades ...|
  • #1,199,690
  • Sep 20, 2021 1:28am Sep 20, 2021 1:28am
Quoting Js3mwtRc
EU droped more and now is trying to correct toward 1735/40, or 1750. Support is at 1700/1695. {image}
price is just playing with that previous support, so yes a consolidation is warranted
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  • #1,199,691
  • Sep 20, 2021 1:56am Sep 20, 2021 1:56am
Quoting Js3mwtRc
EU droped more and now is trying to correct toward 1735/40, or 1750. Support is at 1700/1695. {image}
FED is actively involved in the move and the Interbank players are just being dragged. However, stocks will continue collapsing fast with this policy.
Jerome Powell knows what is doing for sure.
Follow your guts, if you want to lose your money...
  • #1,199,692
  • Sep 20, 2021 2:38am Sep 20, 2021 2:38am
Quoting JotaP
{quote} FED is actively involved in the move and the Interbank players are just being dragged. However, stocks will continue collapsing fast with this policy. Jerome Powell knows what is doing for sure.
It's not only the FED that is doing what is doing. It' s China in the game with Evergrande, there is risk aversion from more traders and retail usually is buying that stuff, instead selling EU.

The fact that ECB recalibrating its programs instead tapering makes a diference to my eyes and ears.
Looking for profitable short term trades ...|
  • #1,199,693
  • Sep 20, 2021 3:42am Sep 20, 2021 3:42am
I feel like ABCD confirmed on 1H.
So i am long for today.
  • #1,199,694
  • Sep 20, 2021 4:19am Sep 20, 2021 4:19am
Quoting Feelas
I feel like ABCD confirmed on 1H. So i am long for today.
I'm waiting for price to at least climb above 1730 before I can make a decision.
Plan your trades and trade your plan.
  • #1,199,695
  • Sep 20, 2021 4:35am Sep 20, 2021 4:35am
Quoting Mcbeaners
{quote} closed it @ 7330 i'll pick this up later, me thinks a retracement back to trendline is now on (or more)
that should be 713. anyway.

i missed the retracement by 2 pips. looks like i'll be playing somewhere else today.
In tea leaves we trust!
  • #1,199,696
  • Sep 20, 2021 5:21am Sep 20, 2021 5:21am
If this is an inverted head-and-shoulders then USD could rise to 9750 - 9800!
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  • #1,199,697
  • Sep 20, 2021 6:04am Sep 20, 2021 6:04am
This is what I see. Yes, this is monthly timeframe. I concur with Patience. The head and shoulders on the monthly Stochastic is signaling a drop to the 1.12 to 1.11 area. Should happen by the end of September. That does not mean that there will not be a retrace to the 1.175 area before the drop. Just my thoughts. Proper money management is key whether I am wrong or right.
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  • #1,199,698
  • Sep 20, 2021 6:11am Sep 20, 2021 6:11am
And for all of the new traders, understand that I could be wrong. A pattern is not a pattern until it completes. There is no guarantee that any pattern will complete. You just have to have a plan for both!
  • #1,199,699
  • Sep 20, 2021 7:37am Sep 20, 2021 7:37am
Quoting bromanbdc
And for all of the new traders, understand that I could be wrong. A pattern is not a pattern until it completes. There is no guarantee that any pattern will complete. You just have to have a plan for both!
till FOMC its going to be very boring
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  • #1,199,700
  • Sep 20, 2021 7:41am Sep 20, 2021 7:41am
1684 should be a good place to place a tiny long scalp
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