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  • #146,201
  • Mar 8, 2022 2:14pm Mar 8, 2022 2:14pm
Ata, what do think will be the direction for tomorrow. IMO, if we have a bullish engulfing candle today, then we can safely buy, else tomorrow will be very confusing.
Risk comes from not knowing what to do
  • #146,202
  • Mar 8, 2022 2:21pm Mar 8, 2022 2:21pm
Daily Outlook for Wednesday

  1. First question to be answered is: Can bulls keep it above 1.0850 at least before this week ends?
  2. If yes, next week could turn into more bullishness!
  3. If no, we either could have a boring sideways phase or a bearish retest phase back to 1.0770 area!
  4. Especially for Wednesday, I would watch how intraday candles act around 1.0903... If bulls waste too much time near this level, bears can could gain confidence...
  5. Let's see how it goes tomorrow around London opening...

That said, I am calling it a day and wish the very best for our Asian session traders

Cheers

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Focus only on what truly matters!
  • #146,203
  • Mar 8, 2022 2:46pm Mar 8, 2022 2:46pm
There are buyers caught on 1.0940 - 1.0958. These levels will act as high resistance on next bull move as they try to exit their positions without or with a little of profit.
-._.-
  • #146,204
  • Mar 8, 2022 3:17pm Mar 8, 2022 3:17pm
Quoting darksize
There are buyers caught on 1.0940 - 1.0958. These levels will act as high resistance on next bull move as they try to exit their positions without or with a little of profit.
This is a mean reversion in progress. Step in front of it and you might lose an arm and a leg.
The Cyan bars are pro volume, buying Phase #1.
They let the price fall back to facilitate more volume without moving the market away much too fast.
1.1904 is the first hourly buy wick's top.

1.1125 is the mean reversion target.

Most mean reversions play out in 2 days or less.
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  • #146,205
  • Mar 9, 2022 1:37am Mar 9, 2022 1:37am
Quick H1 s/r levels until NY session...

Based on the slightly "rising wedge" (blue lines), 1.0948/65 area is potential resistance.. 1.0898 area is nearest support..

*With current picture in mind, bulls have the upper hand because they are now above the "median" line of my descending channel..
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Focus only on what truly matters!
  • #146,206
  • Edited 2:02am Mar 9, 2022 1:43am | Edited 2:02am
If this is a flag, now this is how it should look like.. its just a projection, nothing real yet.
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-._.-
  • #146,207
  • Mar 9, 2022 2:02am Mar 9, 2022 2:02am
Good morning, hope you're great. I think 1.0930 could be the resistance for today;
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  • #146,208
  • Mar 9, 2022 2:05am Mar 9, 2022 2:05am
Selling pressure growing while bulls don't give up yet. While the market is going sideways, I am staying on the sidelines for now.
  • #146,209
  • Mar 9, 2022 2:12am Mar 9, 2022 2:12am
Quoting ScalaFX
{quote} Thats would be a Perfect call, why you close this men
Hi Scala...i closed it because it hadnt moved any by late evening. I just didnt want to keep such a righ risk position overnight without it being in the money where i could put SL to breakeven. Would it have been a short position, no problem. Yesterday, i was busy with other things, so i didnt reopen.
  • #146,210
  • Mar 9, 2022 2:18am Mar 9, 2022 2:18am
I am sticking with bears today, I just Sold now at 1.09275 targeting 1.08172. Sl 50 pips
Risk comes from not knowing what to do
  • #146,211
  • Mar 9, 2022 2:23am Mar 9, 2022 2:23am
Date: 03/09/2022
Time GMT: 8:22 am
Market: EUR/USD
Current Price(Dukascopy Bank SA): 1.0935
Direction: Short
Order Type : Limit
Limit Price: 1,0970
Stops: None
Target: 1.0640
  • #146,212
  • Mar 9, 2022 2:28am Mar 9, 2022 2:28am
sell limit at 1.0963
with a tight sl of 8 pip tp open for now
  • #146,213
  • Mar 9, 2022 2:32am Mar 9, 2022 2:32am
Quoting SirMcPip
Date: 03/09/2022 Time GMT: 8:22 am Market: EUR/USD Current Price(Dukascopy Bank SA): 1.0935 Direction: Short Order Type : Limit Limit Price: 1,0970 Stops: None Target: 1.0640
Its interesting how you changed your opinion on longterm trades, why is that if i may ask ?
-._.-
  • #146,214
  • Mar 9, 2022 2:33am Mar 9, 2022 2:33am
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  • #146,215
  • Mar 9, 2022 2:35am Mar 9, 2022 2:35am
Quoting darksize
{quote} Its interesting how you changed your opinion on longterm trades, why is that if i may ask ?
I didnt undertand the question to be honest, what is it that i changed exactly?
  • #146,216
  • Mar 9, 2022 2:40am Mar 9, 2022 2:40am
Quoting SirMcPip
{quote} I didnt undertand the question to be honest, what is it that i changed exactly?
A day or two ago, you entered long trade with target that could be reached in a week/s or so, now you entered short entry that could also take quite some time, i understand this if a person trades intraday, or scalp trades, but these are swing trades. So you got to have some reason for the change of your opinion. And thats what interests me.
-._.-
  • #146,217
  • Mar 9, 2022 2:41am Mar 9, 2022 2:41am
Im lonely with longs, everybody selling
People don't plan to lose. They lose because they don't plan.
  • #146,218
  • Mar 9, 2022 2:45am Mar 9, 2022 2:45am
This current 4hr candle must not close bullish if bears are to sell it off.
Risk comes from not knowing what to do
  • #146,219
  • Mar 9, 2022 2:45am Mar 9, 2022 2:45am
Quoting mustafayucel
{quote} I accidentally closed all of them while doing partial shutdown. Nevermind, no problem. go to hell EU {image}
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Swing Trader
  • #146,220
  • Mar 9, 2022 2:46am Mar 9, 2022 2:46am
I woke up late today and couldn't do my morning jog. I avoid trading on such days. I wish everyone lots of green pips. no trade for me
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