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  • #143,021
  • Dec 6, 2021 10:24am Dec 6, 2021 10:24am
EXY stalling on DXY to complete its "W" pattern before swinging into action.

EXY 2Bar Reversal candle at confluence zone (1.618 FIB EXT level., horizontal and trendline support) very strong leading to a second bullish candle to close above the mid trendline, Fib. Ret. 0.382 level & resistance level turned support.

DXY yet to complete/reach its "W" pattern target.

EURUSD Doji candles indicating exhaustion of downtrend. Likely to see it reach the Fib ret. 0.11 level (1.1238) before a bounce to the upside or back to its previous low (1.1186)?? some mixed reactions, right??

Weekly setup/overview
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #143,022
  • Dec 6, 2021 10:35am Dec 6, 2021 10:35am
Quick Weekly Outlook

The situation is still the same as last week.. Bulls have to climb above the dashed red "median" line of the falling wedge to gain power.. In other words, as long as price stays below 1.1330 (minimum) we can not have a proper trend change.. If bulls succeed though, my main bull target would be 1.1581 area..

However, if bulls fail, my main bearish target would be the lower edge of the falling wedge: 1.1144 area!

*What my chart is focusing on: Resistance of this week (1.1348), could become support next week (1.1330)
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Focus only on what truly matters!
  • #143,023
  • Dec 6, 2021 10:56am Dec 6, 2021 10:56am
Quoting Ata-Turkoglu
Quick Weekly Outlook The situation is still the same as last week.. Bulls have to climb above the dashed red "median" line of the falling wedge to gain power.. In other words, as long as price stays below 1.1330 (minimum) we can not have a proper trend change.. If bulls succeed though, my main bull target would be 1.1581 area.. However, if bulls fail, my main bearish target would be the lower edge of the falling wedge: 1.1144 area! *What my chart is focusing on: Resistance of this week (1.1348), could become support next week (1.1330) {image}
Exactly, what i've been saying and sharing but nobody bothered.
IMO, 1.1330 -1.1350 is resistance. It would become support only if we see the weekly close above 1.1350. Until then sell the highs.

Remember last 2 weekly closes are around 1.1310, +/- 10 pips. I don't think we'll see this week close above 1.1330 either. I think, It'll likely going to trade between 1.1250 - 1.1310 or below 1.13 until the stupid FED meeting.

If the FED meeting didn't make it to break above 1.1350, or if it closes below 1.1280, then it's range bound 1.1150 - 1.13.

FYI: 1.1188 hasn't been touched since JUL'20. Market simply won't move upwards without TA TA and BYE by RETESTING this low and worst case it could go little more lower to 1.1109.

Something could happen and something won't.

Lets see.
  • #143,024
  • Dec 6, 2021 10:59am Dec 6, 2021 10:59am
Quoting Ata-Turkoglu
Quick Weekly Outlook The situation is still the same as last week.. Bulls have to climb above the dashed red "median" line of the falling wedge to gain power.. In other words, as long as price stays below 1.1330 (minimum) we can not have a proper trend change.. If bulls succeed though, my main bull target would be 1.1581 area.. However, if bulls fail, my main bearish target would be the lower edge of the falling wedge: 1.1144 area! *What my chart is focusing on: Resistance of this week (1.1348), could become support next week (1.1330) {image}
One more request, On Quiz, give us the time until the 4hr closes after the US OPEN. I think it would give some time to wrap up everything.

Thank you.
  • #143,025
  • Dec 6, 2021 11:47am Dec 6, 2021 11:47am
The Control Functions
  • #143,026
  • Dec 6, 2021 12:00pm Dec 6, 2021 12:00pm
Quoting Traderview
{quote} Exactly, what i've been saying and sharing but nobody bothered. IMO, 1.1330 -1.1350 is resistance. It would become support only if we see the weekly close above 1.1350. Until then sell the highs. Remember last 2 weekly closes are around 1.1310, +/- 10 pips. I don't think we'll see this week close above 1.1330 either. I think, It'll likely going to trade between 1.1250 - 1.1310 or below 1.13 until the stupid FED meeting. If the FED meeting didn't make it to break above 1.1350, or if it closes below 1.1280, then it's range bound 1.1150 - 1.13....
To your paragraph about price not moving up without touching 1188, trust me, market can do anything. But I perfectly understand your position and agree that usually the market needs a second or 3rd touch to that bottom area. But December is sometimes bad for USD.
  • #143,027
  • Dec 6, 2021 12:19pm Dec 6, 2021 12:19pm
Quoting Traderview
{quote} One more request, On Quiz, give us the time until the 4hr closes after the US OPEN. I think it would give some time to wrap up everything. Thank you.
Guessing the end of week price 3 to 4 hours before market close is not a challenge.. but okay then.. so be it..

FYI: I am planning to finalize the guessing game with the end of 2021.. In 2022 I won't have the time to manage extra events on this thread.. Therefore: enjoy the final 4 weeks of fun while we have it
Focus only on what truly matters!
  • #143,028
  • Dec 6, 2021 12:59pm Dec 6, 2021 12:59pm
Quoting Ata-Turkoglu
{quote} Guessing the end of week price 3 to 4 hours before market close is not a challenge.. but okay then.. so be it.. FYI: I am planning to finalize the guessing game with the end of 2021.. In 2022 I won't have the time to manage extra events on this thread.. Therefore: enjoy the final 4 weeks of fun while we have it
I am afraid that our guesses will not be as varied , and therefore not be as interesting and fun. Also less participants perhaps... Forgive me if I am mistaken. For me nothing needs to be changed, but I will still make my fun with whatever is chosen of course
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #143,029
  • Edited 1:26pm Dec 6, 2021 1:08pm | Edited 1:26pm
Quoting mtako
{quote} I am afraid that our guesses will not be as varied , and therefore not be as interesting and fun. Also less participants perhaps... Forgive me if I am mistaken. For me nothing needs to be changed, but I will still make my fun with whatever is chosen of course
Aaaawwww... You probably looked like the cat below while posting.. I hear you bro.. lol... Well, okay, this Friday I will collect guesses 3.5 hours before market close.. BUT if you are right and if we feel like it really kills the fun we go back to normal okay? That should be fair enough..

Best wishes
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Focus only on what truly matters!
  • #143,030
  • Dec 6, 2021 1:10pm Dec 6, 2021 1:10pm
Quoting Ata-Turkoglu
{quote} Aaaawwww... You probably looked like the cat below while posting.. I hear you bro.. lol... Well, okay, this Friday I will collect guesses 3.5 hours before market close.. BUT if you are right and if we feel like it really kills the fun we go back to normal okay? That should be fair enough.. Best wishes {image}
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #143,031
  • Dec 6, 2021 1:13pm Dec 6, 2021 1:13pm
Quoting mtako
{quote} !
Focus only on what truly matters!
  • #143,032
  • Dec 6, 2021 1:21pm Dec 6, 2021 1:21pm
Boy FF really are having problems with their images these days ! How will the socially awkward (like "moi") express their trading feelings without working gifs?!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #143,033
  • Dec 6, 2021 1:29pm Dec 6, 2021 1:29pm
Quoting mtako
Boy FF really are having problems with their images these days ! How will the socially awkward (like "moi") express their trading feelings without working gifs?! {image}
I think the coders are working on it... at worst they probably will reload old code from backup files if they can't figure out the problem.. But yeah, it is annoying.. We must stay positive though... oohhmmmmmmmmm...
Focus only on what truly matters!
  • #143,034
  • Dec 6, 2021 1:43pm Dec 6, 2021 1:43pm
Quoting Ata-Turkoglu
{quote} I think the coders are working on it... at worst they probably will reload old code from backup files if they can't figure out the problem.. But yeah, it is annoying.. We must stay positive though... oohhmmmmmmmmm...
Glad to know it! I was afraid it was a chosen update. Ok Ata, together, oohmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm gggggggrrrrrrrrrrrsggggggggrarefdfkykjjjjjjjjjjjjhrrrrrrrrrreeeeerf
IIIIIIIIIII sSSSSSSSSStill have one last position to manage meditation eject Mantra withering

Ata, I missed you, every part of you, your analysis, your calls, to your jokes and everything in the middle .
Knowing that you will perhaps be less there next year puts a hole in my heart. If I am there, I hope it will be when you will be also.
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #143,035
  • Dec 6, 2021 1:52pm Dec 6, 2021 1:52pm
Quoting mtako
{quote} Glad to know it! I was afraid it was a chosen update. Ok Ata, together, oohmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm gggggggrrrrrrrrrrrsggggggggrarefdfkykjjjjjjjjjjjjhrrrrrrrrrreeeeerf IIIIIIIIIII sSSSSSSSSStill have one last position to manage meditation eject Mantra withering Ata, I missed you, every part of you, your analysis, your calls, to your jokes and everything in the middle . Knowing that you will perhaps be less there next year...
No worries buddy I will be around.. The thread must go on and so must I... I am sure our well beloved family members here on this thread will come up with many fun ideas in 2022.. No doubt of that.. In 2022 I am only ending the guessing game, that's all.. Cheers
Focus only on what truly matters!
  • #143,036
  • Dec 6, 2021 1:59pm Dec 6, 2021 1:59pm
Meanwhile, on H1..

A very dull day and bears have the upper hand (but weak)... It is best to come back tomorrow..

Calling it a day.. Trade safe folks
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Focus only on what truly matters!
  • #143,037
  • Dec 7, 2021 2:29am Dec 7, 2021 2:29am
Good morning everyone, hope you're great. Bears have done well at 1.1299, resistance for today, hopefully they should keep at it.
  • #143,038
  • Dec 7, 2021 2:55am Dec 7, 2021 2:55am
Quoting yvestrcz
{quote} So am I. Once I saw bulls would not be attempting 1.13135, I placed a sell order @ 1.1296. Bears will hopefully take it to my original target @ 1.1254.
I've kept the trade alive overnight, and re-adjusted TP to 1.1243. SL 1.1360. SL/TP pip ratio = 20/53. I hope we can get there today. Happy trading everyone!
  • #143,039
  • Dec 7, 2021 2:58am Dec 7, 2021 2:58am
Quoting mtako
{quote} Its nice to have your input Lyn101! The 1300 touch after your post was very sensitive indeed ! Beautifully anticipated ! And that range today has been more often than not of the tiniest nature, good only for 2-4 pips for me. I Started out trading the 5 and 15m trend trading only, but had to learn trend counter-trend and range scalping the smallest moves because of these moments. {quote} Closed here +9
Thanks mtako, sadly I had to leave shortly after my post missing the drop myself. and before that the range was so tight I was only having break even trades. For today I still have a feeling of the bears lurking, and my current feeling is we are going back to the previous low and maybe even lower. but lets see what the market will give us today. Hope green pips for everyone
  • #143,040
  • Dec 7, 2021 4:18am Dec 7, 2021 4:18am
This formation looks bullish but before a breakout it can keep creeping lower for days - it might actually just find its climax with the publication of US inflation numbers on Friday. If those surprise to the upside again then it will probably even collapse through. However, with oil dipping 20% in November there might be some relief to inflation. Any US guys here with personal estimations?
Another day, another dollar.
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