EURUSD

Quoting 7154Superman

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{quote} Alright troll, I got nothing to do with you and those you call sock puppets. I don't pay attention to what you or anyone else says here. I still consider myself a rookie trader. But looking at the 8 hr and daily candle time frames, and considering the current Ukraine/Russia conflict propaganda, I just got a feeling that all the bulls are gonna get stopped out and we'll fall through the floor... As soon as tomorrow... (Tuesday) It's 6:16 p.m. Monday here right now. I just can't shake it... Anybody else feel this way?? Let's see if it happens......

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Quoting 7154Superman

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{quote} Eventually, as in when? What's your analysis of that in light of the coming economic crisis?

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Quoting 7154Superman

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Is it just me or is anybody else also getting the feeling that we are going to see a 200 to 300 pip drop tomorrow?

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Quoting 7154Superman

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Is it just me or is anybody else also getting the feeling that we are going to see a 200 to 300 pip drop tomorrow?

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Quoting fxpipper

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{quote} Not really. Not in one day. The shaded box below is referred to as a breaker block. Basically supply turned demand, and price didn't close below it. I foresee price playing around in this area for the next couple of days before the fundamentals deciding which way it wants to break. I'm actually expecting it to bounce up from here, but probably only temporarily. We'll see. {image}

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Quoting 7154Superman

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{quote} Alright troll, I got nothing to do with you and those you call sock puppets. I don't pay attention to what you or anyone else says here. I still consider myself a rookie trader. But looking at the 8 hr and daily candle time frames, and considering the current Ukraine/Russia conflict propaganda, I just got a feeling that all the bulls are gonna get stopped out and we'll fall through the floor... As soon as tomorrow... (Tuesday) It's 6:16 p.m. Monday here right now. I just can't shake it... Anybody else feel this way?? Let's see if it happens......

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Quoting kuroro001

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{quote} By looking at your tick volume, you can see buyers (very high volume on such compressed/doji candle). Next candle may confirm it, or not

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Quoting Robinhood1

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{quote} Good evenning. That candle was me

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Quoting Robinhood1

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{quote} Your charts show clear support to the upside

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Quoting 7154Superman

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{quote} Sure. And I'm getting the feeling this massive support will get broken, triggering a landslide, possibly down to parity (1.00 EUR/USD) within the next 3 months... If that happens, then your medium term technical analysis (math) is proven to be faulty. When major fundamental economical shifts are at play, technical patterns take the back foot. When fundamental pressure is relaxed, then technical patterns take the front lines. Take note and learn. There is no one way to trade. In any case, proper risk/money management is key to be profitable....

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Quoting kuroro001

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{quote} Sure. We all have fantasies

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Quoting 7154Superman

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{quote} Sure. And I'm getting the feeling this massive support will get broken, triggering a landslide, possibly down to parity (1.00 EUR/USD) within the next 3 months... If that happens, then your medium term technical analysis (math) is proven to be faulty. When major fundamental economical shifts are at play, technical patterns take the back foot. When fundamental pressure is relaxed, then technical patterns take the front lines. Take note and learn. There is no one way to trade. In any case, proper risk/money management is key to be profitable....

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Quoting fxpipper

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{quote} If it hits parity then his new ANALysis will be "price is going to 1.30!!1", or whatever new level his silly Gann lines tell him. I think fundamentals (really only interest rates) set the direction of price, technicals deliver the price in that direction. Ultimately the market moves to where it believes liquidity lies (trending), and rebalances along the way (pullbacks/retracements).

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Quoting kuroro001

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{quote} By looking at your tick volume, you can see buyers (very high volume on such compressed/doji candle). Next candle may confirm it, or not

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Quoting 7154Superman

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{quote} Not only buyers, but also sellers piling in (consolidation). All this volume here today came from liquidity because of the Ukraine/Russia conflict news... The buyers are mostly short term retail traders who will probably get burned. In this case, the sellers are mostly smart money (robber banks). They will profit off the stopped out longs, which is the reason why I feel like this support area will break with a slam bang... Today was a holiday (Valentine's Day). After a big consolidation like this on a holiday, it's normal to see a massive...

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