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  • #142,321
  • Nov 17, 2021 12:12am Nov 17, 2021 12:12am
Quoting newbegger
Hello, Just a quick comment. Remember to buy the rumor and sell the fact. USD is safe haven so stay long USD until the Fed starts raising rates. When Fed starts raising rates, sell USD and stay with it. I know it sounds wrong but this is how I make my living. I am still short EURUSD long term until the change
Solid data is interest rate
Neither a Bro Nor a Pro I am I
  • #142,322
  • Edited 2:12am Nov 17, 2021 12:23am | Edited 2:12am
Quoting Mitiblotch
{quote} Real target actually 1.1165. I don't know if it will reach there, but that's the target of the double top on the weekly.
No doubt actually! You are very correct. As you can see levels 1.1170 - 1.1140 does appear on my chart also (with two horizontal lines indicating these levels for both line/candles chart). I do my TAs based on both candles and line charts. Often at times either one works or both. Considering the huge drop, the .618 fib level (W1) as well as the M formation/structure target (for line chart) coinciding at same levels 1.1300 - 1.1270 (confluence), i beat my chest this is a strong level that must not be ignored.

On the candles chart, "M" formation/Target levels are 1.1165 /1.1170 - 1.1140 and likely hold as well. ""..I don't know if it will reach there,)"". That's the uncertainty the market brings forth. But in the "now" i see the line charts levels playing out first and maybe a possible pull back (D1) before retreating down to that 1.1165 level. So i watch closely how the markets react to the level 1.1300 - 1.1270. Candle close/formation (D1)at this level would tell what to expect next.

A doji at this level wont be a strong confirmation for a pull back rather an indecision but a piercing could confirm just that. So it still remains open whether it may pull back or continue downwards. The big players (Higher TF traders) are in this time so we "thread" carefully. So i wait for today's close and tomorrow's as well to see if market would give a clue.

By the way 1.1220 is not ruled out either in the short term. Thanks for the reminder.


We learn everyday.
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,323
  • Nov 17, 2021 12:30am Nov 17, 2021 12:30am
Hi Traders..

After this moment on forwards: 1.1274 is strong candidate to become major support.. Bulls must watch this level closely..
Focus only on what truly matters!
  • #142,324
  • Nov 17, 2021 12:45am Nov 17, 2021 12:45am
-10 Bought here .1305!


Quoting mtako
Sell stop : 1.12945 SL super tight probably get hit tight : 1.1304, 15min it is hit on has to close below entry or Im out! Buy stop : 1.1323 SL minimum low of the day. {quote} I thought so too! I for once this week believe we could be, at the very least, at a level that will be often revisited or even at the foot of a much awaited retracement. {quote} Very interesting observations, thanks for sharing mate ! {quote} indeed, thanks for reminding me , this happens often enough actually. And if I had been trading still, I would...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #142,325
  • Nov 17, 2021 12:53am Nov 17, 2021 12:53am
Trying a long scalp here….
Extreme gut feeling trader
  • #142,326
  • Nov 17, 2021 12:56am Nov 17, 2021 12:56am
HTF view.
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  • #142,327
  • Nov 17, 2021 1:00am Nov 17, 2021 1:00am
Quoting mtako
-10 Bought here .1305! {quote}

Closed -3 too early !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #142,328
  • Nov 17, 2021 1:04am Nov 17, 2021 1:04am
Quoting montygoldy
Trying a long scalp here….
Seems like a bad idea as well… went straight underwater…. Come on bulls “rise from the grave”
Extreme gut feeling trader
  • #142,329
  • Nov 17, 2021 1:16am Nov 17, 2021 1:16am
This is likely the max, in case it should ever get there. There are some very serious fundamentals at play...in my view...and this has nothing to do with some "Covid breakthough" or these monthly FX Hollywood meetings.
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  • #142,330
  • Nov 17, 2021 1:20am Nov 17, 2021 1:20am
Quoting mtako
Good day fellow traders... Sell stop : 1.12945 SL super tight probably get hit tight : 1.1304, 15min it is hit on has to close below entry or Im out! Buy stop : 1.1323 SL minimum low of the day. {quote} I thought so too! I for once this week believe we could be, at the very least, at a level that will be often revisited or even at the foot of a much awaited retracement. {quote} Very interesting observations, thanks for sharing mate ! {quote} indeed, thanks for reminding me ,...
Sell stop moved up to .1299 15min momentum short, canceled if any 15 min close above 1312.
buy stop moved down to 1.13120, testing the 1H bear impulse candle BO potential !

It is one of those times!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #142,331
  • Nov 17, 2021 1:22am Nov 17, 2021 1:22am
#EURUSD / Daily & H4
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  • #142,332
  • Nov 17, 2021 1:29am Nov 17, 2021 1:29am
Quoting montygoldy
{quote} Seems like a bad idea as well… went straight underwater…. Come on bulls “rise from the grave”
Tp hit….
Extreme gut feeling trader
  • #142,333
  • Nov 17, 2021 1:39am Nov 17, 2021 1:39am
Quoting AlfieSolomon
{quote} For me divergence has almost worked pretty well , lets see, long trade opened ,i think it will be worth taking long here
Closed +15 pips
  • #142,334
  • Nov 17, 2021 1:44am Nov 17, 2021 1:44am
Monthly Outlook

  1. Price arrived at cross section: 1.1256 and we could witness a bounce up in coming days or weeks..
  2. 1.1227 is the potential low for December if descending trendline doesn't change its angle..
  3. Meaning: On the monthly, we have a potential support zone between 1.1227 and 1.1256!

I hope it helps

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Focus only on what truly matters!
  • #142,335
  • Nov 17, 2021 1:46am Nov 17, 2021 1:46am
Quoting Forensic
{quote} Price is firmly in my by-zone ( crossed my blue line - 1.1434 and is testing my green line - 1.1359). As you can see below, price has returned home to where the move commenced in 2020. End of this cycle, beginging of a new one. Cycles are initially bullish when they start. Buying begins. 61.8% fib level is also key monthly area. Price could turn around anywhere from here to 1.1227, 1.12013. lets see how this goes. All the best. {image}
price is reacting at 61.8%. like i said, this whole area is my buy zone. happy trading
  • #142,336
  • Nov 17, 2021 1:50am Nov 17, 2021 1:50am
Quoting Ata-Turkoglu
Monthly Outlook Price arrived at cross section: 1.1256 and we could witness a bounce up in coming days or weeks.. 1.1227 is the potential low for December if descending trendline doesn't change its angle.. Meaning: On the monthly, we have a potential support zone between 1.1227 and 1.1256! I hope it helps {image}
Hey ATA do you think that euro will also become strong against other currency pairs ,you are euro expert so i asked you this question
  • #142,337
  • Nov 17, 2021 2:02am Nov 17, 2021 2:02am
Quoting mtako
{quote} Sell stop moved up to .1299 15min momentum short, canceled if any 15 min close above 1312. buy stop moved down to 1.13120, testing the 1H bear impulse candle BO potential ! It is one of those times!
temp SL low of day

Bulls got hold of too much volatility for now at 1310s potential new resistance level, another attempt and probable ranging the 20-30s ?

Bears are countering very nicely up to now ! My own selling to be continued only if 1H fails to close above 1310, at which I would also probably get out of my long. Round and round. Build and crumble and build !


Quoting mtako
Confronting the double bottom bulls ! sell stop 1.13666 {image}
Closed a minute ago .1303 +63

I have noticed one too many typos in my posts ! Less coffee now ! ok, that will make it better.


Only 1 more short remaining! 'tis was sweet

Quoting mtako
{quote}... New swing setup confirmed sell-stop 1.14435. Never over !
SL now at .1366



Quoting mtako
... . One of the most important skills I personally managed to develop throughout the years has to do with the severing of emotional ties to individual trades or trading periods, to favor every loss with just as much positivity as wins. ... {image}
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #142,338
  • Nov 17, 2021 2:05am Nov 17, 2021 2:05am
Quoting AlfieSolomon
{quote} Hey ATA do you think that euro will also become strong against other currency pairs ,you are euro expert so i asked you this question
With monthly in mind, all I can say is that Euro is weak as long as it stays below 1.1620.. Therefore those who favor a strong Euro can only hope that bulls bring it back above that level.. Until then we must wait for a bottom as the first sign of reversal.. Time will tell..
Focus only on what truly matters!
  • #142,339
  • Nov 17, 2021 2:13am Nov 17, 2021 2:13am
Quoting Ata-Turkoglu
{quote} With monthly in mind, all I can say is that Euro is weak as long as it stays below 1.1620.. Therefore those who favor a strong Euro can only hope that bulls bring it back above that level.. Until then we must wait for a bottom as the first sign of reversal.. Time will tell..
Thankyou boss
  • #142,340
  • Nov 17, 2021 2:49am Nov 17, 2021 2:49am
Quoting Ata-Turkoglu
{quote} With monthly in mind, all I can say is that Euro is weak as long as it stays below 1.1620.. Therefore those who favor a strong Euro can only hope that bulls bring it back above that level.. Until then we must wait for a bottom as the first sign of reversal.. Time will tell..
Now would be a great time for bulls to attack, at about 1.1316. If they don't, then we can expect challenging the low again.
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