EURUSD IS BUYING
Attached Image (click to enlarge)
- #144,002
- Jan 13, 2022 6:09am Jan 13, 2022 6:09am
{quote} Fix the wrong placement of the .dot on your numbers and nobody will laugh.. It should be: 1.15 not 1.5.. 1.1490 and not 1.49... 1.1370 not 1.37 etc. etc... you get the idea..
- #144,010
- Jan 13, 2022 7:41am Jan 13, 2022 7:41am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
{quote} hello sir today have your any call for bulls
I hope it answers.. Best wishes
Focus only on what truly matters!
- #144,014
- Jan 13, 2022 8:23am Jan 13, 2022 8:23am
{quote} Not anything that I would define as a call BUT I can only say that bulls have to be careful around 1.1500 if you check my simplified daily chart below.. For now 1.1500 looks only like a retest level.. If this retest fails, and bulls can not climb back into previously broken channel, bears can come back! So just be careful the closer price gets to 1.1500... I hope it answers.. Best wishes
- #144,015
- Edited 12:12pm Jan 13, 2022 11:51am | Edited 12:12pm
A bullish case for EURUSD.
This scenario would send US Stock Markets higher, and risky assets like BTC and Alt Coins significantly higher. This is what I HOPE happens. But as the old saying goes, "Hold Hope in one hand, and sh*t in the other, see which one fills up faster."
First I start with US 10yr Bonds. $128 has been a key level tested since late 2019. If this level holds, interest rates decrease, and so does interest in USD. Key levels to watch on a 10yr bond will be $131 and $135. As of writing, US bonds are at $128.72 and 10yr interest rates dropped from 1.8%(when 10yr bonds dropped to the low of $127.93) to 1.7%. 
Now, see how the chart at the very bottom (I circled the large candle with large volume) compares to the EURUSD over the same time period. (My pictures have been moved around, and I can't figure out how to fix them.)
Finally, I learned to trade forex via VPA (Volume Price Analysis). I don't primarily use VPA today, but it does give me a pretty good idea of when to enter and exit. There is a lot to be said for VPA, but it has its downfalls too. However, VPA paints a nice picture here. On November 26, 2021 there was a great battle of buyers and sellers, the largest volume candle you can see on the chart. The buyers won that fight and pushed the price higher. So, the price increase is validated by the volume (see image below). Moving forward on the charts, there has YET to be another big battle over price. It seems the buyers that bought back in NOV are still holding. As price approaches the 1.15 key level, I'm watching and waiting for this battle to ensue. If so, VPA says the price will go lower. Watch for the battle, that will be the sentiment change according to VPA.
Cheers!
This scenario would send US Stock Markets higher, and risky assets like BTC and Alt Coins significantly higher. This is what I HOPE happens. But as the old saying goes, "Hold Hope in one hand, and sh*t in the other, see which one fills up faster."
First I start with US 10yr Bonds. $128 has been a key level tested since late 2019. If this level holds, interest rates decrease, and so does interest in USD. Key levels to watch on a 10yr bond will be $131 and $135. As of writing, US bonds are at $128.72 and 10yr interest rates dropped from 1.8%(when 10yr bonds dropped to the low of $127.93) to 1.7%.
Now, see how the chart at the very bottom (I circled the large candle with large volume) compares to the EURUSD over the same time period. (My pictures have been moved around, and I can't figure out how to fix them.)
Finally, I learned to trade forex via VPA (Volume Price Analysis). I don't primarily use VPA today, but it does give me a pretty good idea of when to enter and exit. There is a lot to be said for VPA, but it has its downfalls too. However, VPA paints a nice picture here. On November 26, 2021 there was a great battle of buyers and sellers, the largest volume candle you can see on the chart. The buyers won that fight and pushed the price higher. So, the price increase is validated by the volume (see image below). Moving forward on the charts, there has YET to be another big battle over price. It seems the buyers that bought back in NOV are still holding. As price approaches the 1.15 key level, I'm watching and waiting for this battle to ensue. If so, VPA says the price will go lower. Watch for the battle, that will be the sentiment change according to VPA.
Cheers!
- #144,017
- Jan 13, 2022 11:02pm Jan 13, 2022 11:02pm
- Joined Mar 2020 | Status: Trader | 1,129 Posts
{quote} Fix the wrong placement of the .dot on your numbers and nobody will laugh.. It should be: 1.15 not 1.5.. 1.1490 and not 1.49... 1.1370 not 1.37 etc. etc... you get the idea..
- #144,018
- Jan 13, 2022 11:11pm Jan 13, 2022 11:11pm
- Joined Jun 2018 | Status: An ordinary brother | 4,596 Posts
EU goes down today. And maybe not only today.
- #144,019
- Jan 14, 2022 12:26am Jan 14, 2022 12:26am
- Joined Jun 2018 | Status: Trader | 3,083 Posts
Should be a NICE range day!!!
Lots of reasons to move the market for the CENTRAL BANKS CARTEL!!!
Lots of reasons to move the market for the CENTRAL BANKS CARTEL!!!
