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EURUSD

  • #1,074,361
  • Aug 24, 2016 4:26am Aug 24, 2016 4:26am
Quoting Jonstaples
Looks like the 61.8% Fibonacci retracement (1.1347) as proven to be a strong resistance, now lets see how the price will react to the 50% Fibonacci retracement (1.1264). I'm expecting to be a good support and a potential long entry point. {image}
Thanks Jon,
I wasn't looking at this being an overall Long trade from the DB.
1.1264 [50% Fib] makes sense for next support.
I have revised my Short TP to 1.1265,
and will watch for a reversal.

Cheers, U2
Wait, or you will be slaughtered!
  • #1,074,362
  • Aug 24, 2016 4:53am Aug 24, 2016 4:53am
EURUSD DLY Chart:
[Preliminary HEW Count]
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 160824 DLY [1].png Size: 45 KB
Wait, or you will be slaughtered!
  • #1,074,363
  • Aug 24, 2016 5:17am Aug 24, 2016 5:17am
6.20 ESTDT E= 1.12 80

Dear fellow traders who are looking North, all these Fib. lines you mention as probable support zones , I am afraid are going to prove sitting on the air. Euro is so overbought and overextended that will ignore all of them .
IF Yellen girl defends a stong numismatic policy and stronger inevitably $ , than the reaction of the market will be furious and angry for being trapped to such lofty levels. Be cautious . I am smelling a massacre.

I suspect that the DOW will be much affected , too. Everybody will run for the exit [buying $...]
  • #1,074,364
  • Aug 24, 2016 5:20am Aug 24, 2016 5:20am
my last weak prediction
Quoting kibrul
my last weak prediction {quote} http://www.forexfactory.com/attachme...2&d=1471513144 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader NordFX.png Size: 39 KB
  • #1,074,365
  • Aug 24, 2016 5:33am Aug 24, 2016 5:33am
EURUSD 6H Renko Chart:
Found it very interesting to watch Price push the market regardless of time.
Goes to show that Price only is important?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 160824 6H [1].png Size: 45 KB
Wait, or you will be slaughtered!
  • #1,074,366
  • Aug 24, 2016 5:36am Aug 24, 2016 5:36am
Heres are thought for forex traders. Brexit may never actually happen, LOL!
  • #1,074,367
  • Aug 24, 2016 5:48am Aug 24, 2016 5:48am
Trend is moving south to the point of 1.12400 and at this point I would check where the trend will move further and decided to buy or sell .
Attached Image (click to enlarge)
Click to Enlarge Name: Безымянн77.png Size: 26 KB
  • #1,074,368
  • Aug 24, 2016 6:07am Aug 24, 2016 6:07am
EURUSD 6H Chart:
Simple zigzag correction?
if a=c
c=1.1260

Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 160824 6H [2].png Size: 65 KB
Wait, or you will be slaughtered!
  • #1,074,369
  • Aug 24, 2016 6:11am Aug 24, 2016 6:11am
Quoting Zakhar13
Trend is moving south to the point of 1.12400 and at this point I would check where the trend will move further and decided to buy or sell . {image}

Is heading too 1,1244 there it will decide the trend bars.

Happy Trade ALL
  • #1,074,370
  • Aug 24, 2016 6:36am Aug 24, 2016 6:36am
Quoting Uturn2
{quote} Thanks Jon, I wasn't looking at this being an overall Long trade from the DB. 1.1264 [50% Fib] makes sense for next support. I have revised my Short TP to 1.1265, and will watch for a reversal. Cheers, U2
Short 1.1325
TP 1.1265 +60 pips
Cheers, U2
Wait, or you will be slaughtered!
  • #1,074,371
  • Aug 24, 2016 6:39am Aug 24, 2016 6:39am
Anyone know what caused the move? Earthquake?
  • #1,074,372
  • Aug 24, 2016 6:46am Aug 24, 2016 6:46am
Quoting jonstaples
looks like the 61.8% fibonacci retracement (1.1347) as proven to be a strong resistance, now lets see how the price will react to the 50% fibonacci retracement (1.1264). I'm expecting to be a good support and a potential long entry point. {image}
isn't this wrong enough?
  • #1,074,373
  • Aug 24, 2016 6:46am Aug 24, 2016 6:46am
Quoting actionmoney
{quote} isn't this wrong enough?
we are heading south.
  • #1,074,374
  • Aug 24, 2016 7:36am Aug 24, 2016 7:36am
Hi Guys:

The 1 H chart shows a possible Temp. bottom at this point. However, H4 shows there is still room for downward movement.
  • #1,074,375
  • Aug 24, 2016 7:42am Aug 24, 2016 7:42am
Quoting pytaz
{quote} How can it be, we always think in opposite way... I am still keeping my shorts
Hi, No we where/are thinking in the same direction... just before you posted this I updatet my view with this: http://www.forexfactory.com/showthre...18#post9098718

You can manage risk, but you can't manage the return
  • #1,074,376
  • Aug 24, 2016 7:57am Aug 24, 2016 7:57am
The EURUSD has been trading in an upward channel since August 2 and it is now strongly challenging/testing the lower trendline of the channel on the daily time frame. Most likely if the channel is successfully broken southwards, this may offer an impetus for further southward move, perhaps to test the monthly pivot - which is in confluence with the immediate support zone on the daily time frame. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #1,074,377
  • Aug 24, 2016 8:04am Aug 24, 2016 8:04am
There are going to be fireworks around 1.122 if it keeps gown down with this speed.
  • #1,074,378
  • Aug 24, 2016 8:11am Aug 24, 2016 8:11am
I believe this is a nice example of the 4H MarketRhythm what comes to an end....

if price in an uptrend (up....down and testing the ema8/21 and back up)
then if price breaks the ema21 (with a close)
it tends to come back above the ema21 and after if it breaks the ema21 again it tends to go break to the sma89

Then it must search a direction and we can look for a new cycle of MarketRhythm again
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB
You can manage risk, but you can't manage the return
  • #1,074,379
  • Aug 24, 2016 8:19am Aug 24, 2016 8:19am
Quoting Jonstaples
Looks like the 61.8% Fibonacci retracement (1.1347) as proven to be a strong resistance, now lets see how the price will react to the 50% Fibonacci retracement (1.1264). I'm expecting to be a good support and a potential long entry point. {image}
So far so good.
Banked 60 pips.
[Short 1.1325, Out at 1.1265]
Looks like it's trying to turn up on the 1H.
I'll wait for a Renko reversal setup [if it happens].
Cheers, U2
Wait, or you will be slaughtered!
  • #1,074,380
  • Aug 24, 2016 8:22am Aug 24, 2016 8:22am
Quoting akatyk
Anyone know what caused the move? Earthquake?
Yes, earthquake. Europe GDP will be down. Tourism will be affected.
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