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  • #164,241
  • Jan 2, 2023 1:14am Jan 2, 2023 1:14am
forget the yearly , now again come to daily or weekly basis, with or with any correction top ranging still very intact and now immediate target goes to 0735 test , break or not ! and as one last leg up running , smallest to big ones , immediate support goes to 0662 and 0640 last . lets see how this leg up play now . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #164,242
  • Jan 2, 2023 1:23am Jan 2, 2023 1:23am
First message of the new year I wish everyone a happy trading week.
Swing Trader
  • #164,243
  • Jan 2, 2023 1:58am Jan 2, 2023 1:58am
Once again happy new year all. 0063 key support area for bull today. Let see if it holds
Patience, Emotion Control and Discipline.
  • #164,244
  • Jan 2, 2023 2:03am Jan 2, 2023 2:03am
HAPPY NEW YEAR to all of my Friends. Specially to Sir Ata-Turkoglu, I have learned a lot from this thread. Thanks Ata-Turkoglu! have a great year onward.
  • #164,245
  • Jan 2, 2023 2:07am Jan 2, 2023 2:07am
Quoting johncen
Once again happy new year all. 0663 key support area for bull today. Let see if it holds
Just minute after i posted we bounced off from support area.

am not sure if we can go lower as bull has taken down 0700 last Frday and 0800 is just miles away if 0738 last high taken down.

another level under 0663 is still 0640 which has been key area for quite some time last week.
Patience, Emotion Control and Discipline.
  • #164,246
  • Jan 2, 2023 2:29am Jan 2, 2023 2:29am
Meanwhile, on H4...

The new ear started with bears but please notice that we are still inside a bullish pitchfork channel and without a breakout down, bears can not have continuation.. Bears have been stopped at the lower edge of this channel: 1.0664!

That said, 1.0681 area could begin to help bears and therefore we must watch if candles can stay below and later if they can break out of channel.. Time will tell..

Happy new trading week to all
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #164,247
  • Jan 2, 2023 2:31am Jan 2, 2023 2:31am
Not trading today as my broker is having huge spreads that is not tradeable and better to avoid illiquid market.

As today is not last trading day whole year is ahead of us.
PaRaM
  • #164,248
  • Jan 2, 2023 2:42am Jan 2, 2023 2:42am
After a recent bounce up, I'm considering selling the highs, that is about 35 pips (from 1.06900) distance to my target. Thus, I am interested either in 1.06550 or 1.06560 as my TP ---just above the weekly VWAP
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #164,249
  • Jan 2, 2023 2:43am Jan 2, 2023 2:43am
Quoting Ata-Turkoglu
Meanwhile, on H4... The new ear started with bears but please notice that we are still inside a bullish pitchfork channel and without a breakout down, bears can not have continuation.. Bears have been stopped at the lower edge of this channel: 1.0664! That said, 1.0681 area could begin to help bears and therefore we must watch if candles can stay below and later if they can break out of channel.. Time will tell.. Happy new trading week to all {image}
Hi Ata,

i have 0687 as resistance for now
Patience, Emotion Control and Discipline.
  • #164,250
  • Jan 2, 2023 2:56am Jan 2, 2023 2:56am
Quoting johncen
{quote} Hi Ata, i have 0687 as resistance for now
Sure, you can have various levels as resistance based on timeframe or overall view.. I am focusing more on the "average" swing area that will later help me to see if bears really kicked in..

For now, what I focus most is that bulls have the upper hand since we are still inside my pitchfork channel! In other words: I focus more on support level: 1.0664! (Once the current H4 candle closes -in an hour-, pitchfork support will shift to 1.0669)

Best wishes
Focus only on what truly matters!
  • #164,251
  • Jan 2, 2023 2:59am Jan 2, 2023 2:59am
Hey and Happy New Year to all EURUSD traders!

I'm new here (but not new to trading) and been following this thread for some time and i have a question: Why are you all shorting this pair all the time?

Retail sentiment is also crowded in shorts (see chart), so all the stops that banks target are on the upside.

Also, the yield differences between US and Germany (i use 2 year yields mostly) have been favouring EUR, too.

Any explanation is welcomed.

Cheers.
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  • #164,252
  • Jan 2, 2023 3:08am Jan 2, 2023 3:08am
The daily chart is in sync with H4 and here too we can see that candles are still inside my pitchfork channel...

I suggest that you mark 1.0664 area as your main support and don't invest too much in selling! For me, currently only scalping both sides!

*But remember, based on weekly resistance, I will try to sell the potential big spikes and bullish rallies as soon as I see bull power fading.

Best wishes
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Focus only on what truly matters!
  • #164,253
  • Jan 2, 2023 3:14am Jan 2, 2023 3:14am
Quoting v2vboni
After a recent bounce up, I'm considering selling the highs, that is about 35 pips (from 1.06900) distance to my target. Thus, I am interested either in 1.06550 or 1.06560 as my TP ---just above the weekly VWAP {image}
Now... the postion I am in.

After Frankfurt FX Fixings arrive... and I've been in the negative for 15 minutes... Then I'll just close the trade.

Attached Image (click to enlarge)
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #164,254
  • Jan 2, 2023 3:30am Jan 2, 2023 3:30am
Quoting johncen
{quote} Hi Ata, i have 0687 as resistance for now
By the way... based on M30 I have 1.0688 as resistance... Very similar to yours.. but again this is the M30..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #164,255
  • Jan 2, 2023 4:08am Jan 2, 2023 4:08am
Happy new year everyone! May 2023 be a green pips year for all. I closed my short for some 18 pips last week, because the bulls apparently did not get the memo that we are short . High spreads being maintained on my broker, so I'm on the sidelines until things settle.

Q1 should be interesting indeed, will the bulls continue to ignore the memo and push on to 1.0800? Or will the bears take command and start this year with a bang? Let's see folks, I'm still preparing for short positions in Q1, just too much fundamentally against the euro i.m.o - right now I'll be patient to get some better short entries.

Guy
  • #164,256
  • Jan 2, 2023 4:19am Jan 2, 2023 4:19am
Quoting Guy1969
Happy new year everyone! May 2023 be a green pips year for all. I closed my short for some 18 pips last week, because the bulls apparently did not get the memo that we are short . High spreads being maintained on my broker, so I'm on the sidelines until things settle. Q1 should be interesting indeed, will the bulls continue to ignore the memo and push on to 1.0800? Or will the bears take command and start this year with a bang? Let's see folks, I'm still preparing for short positions in Q1, just too much fundamentally against the euro i.m.o...
Happy new year to everyone, too! Now my broker has now gone down to up to 1 pip spread or perhaps 0.8 to 0.9 most of the time. But it's taken a while.
  • #164,257
  • Jan 2, 2023 4:24am Jan 2, 2023 4:24am
Quoting yvestrcz
{quote} Happy new year to everyone, too! Now my broker has now gone down to up to 1 pip spread or perhaps 0.8 to 0.9 most of the time. But it's taken a while.
On other pairs (which we won't mention here ) it is still very high. But, a good time to just watch things prod along.

Guy
  • #164,258
  • Jan 2, 2023 4:42am Jan 2, 2023 4:42am
EUR/USD Hourly Chart

Possible R & S Zones..
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  • #164,259
  • Jan 2, 2023 6:00am Jan 2, 2023 6:00am
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  • #164,260
  • Jan 2, 2023 6:11am Jan 2, 2023 6:11am
EURUSD Daily
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