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  • #1,099,461
  • Mar 27, 2017 2:16am Mar 27, 2017 2:16am
opened two more longs @1.0845 &1.0850
NO=1.09
  • #1,099,462
  • Mar 27, 2017 2:18am Mar 27, 2017 2:18am
EURUSD H4 Chart Update

The higher we go the riskier it gets for bulls at levels for 3 major patterns which are waiting to kick in.

Step 1 (Shark Pattern): The price levels we are at right now could trigger a sell off with the effect of shark pattern (price can't exceed 1.0890 to keep this pattern valid)

Step 2 (AB = CD Pattern): Once Shark pattern gets invalid and price goes above 1.0890 the next level: 1.0970/80 area becomes critical for a sell off.

Step 3 (Cypher Pattern): Finally if none of the previous can hold bulls my final target would be 1.1070/80 level where I definitely would add a short if I haven't done so far.

Good Luck and Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-27-H4.jpg Size: 223 KB
Focus only on what truly matters!
  • #1,099,463
  • Mar 27, 2017 2:19am Mar 27, 2017 2:19am
Quoting TudorIoan
{quote} Tops 1.0869. bleah, 3 more pips away and bull look already tired ATM
yep, Closed my long at 870... will wait for deep buy if I have the chance today anyways Good Morning !!


Stay Green
  • #1,099,464
  • Mar 27, 2017 2:25am Mar 27, 2017 2:25am
It's like dollar is the new pound

I don't see that 1.0872 spike holding... almost as if the only thing stopping this atm is after NY close when everything dries up
  • #1,099,465
  • Mar 27, 2017 2:30am Mar 27, 2017 2:30am
Quoting TudorIoan
{quote} Starting my intraday scalping: T2 1.0872 T1 1.0861 long 1.0850 SL 1.0839
Ta-daaa!
and T2 1.0872 hit!
Done for today ...lovely Monday for trading (sarcasm because of the statistics)
Member
  • #1,099,466
  • Mar 27, 2017 2:32am Mar 27, 2017 2:32am
Quoting TudorIoan
{quote} Ta-daaa! and T2 1.0872 Done for today ...lovely Monday for trading (sarcasm because of the statistics)
Quoting TudorIoan
My Intraday Outlook. (ahead London) Weak start for the USD all over the majors and EUR/USD gapped high hitting the highest rate this year. If the bounce on the 1.0770 area (Monthly_R1) will go on, 1.0873 will be the (Dec.8 2016) next spike to resist. My Intraday S/R levels on the chart below. Historically, when important tops are pierced, the movement use to continue for a while. Bullish intraday. Correction ...later (take care, correction possible) I will buy 1.0850, the green zones and bullish TL. I will sell 1.0836. Have a good trading day you all! {image}
1.0873 is the Dec. 8th 2016 spike ...good to start the (bearish) correction now
Member
  • #1,099,467
  • Mar 27, 2017 2:40am Mar 27, 2017 2:40am
Just came in...didn't yet read your comments guys , I have to leave soon . Just some thoughts...

Didn't take advantage of all this terrific upmove... due to the gap opening... Exited my shorts at loss and the longs in $JY also at loss....

I entered orders to sell E. at 1.0875 -No SL till 9.50

and will long $JY at 110.30 on stop

Longed DOW30 at 20 .462 SL 20.416 small risk great potential imho

See you in few hours . It s a critical reversal day , today , crew .
Take care
  • #1,099,468
  • Mar 27, 2017 2:40am Mar 27, 2017 2:40am
My Long View:
well bulls might take this opportunity to finally break the 875 today and touch 910,Now to take pressure off the downside we need to clear 10873....so a break of 10885 sustained would keep a bullish stance on the EU and we should then be able to push higher to excellent resistance at 11035 zone which will surely give a strong bullish signal , will buy if it breaks above

Stay Green
  • #1,099,469
  • Mar 27, 2017 2:40am Mar 27, 2017 2:40am
Quoting Connors
{quote} Stop is in place mate. If it is hit, it wont make me upset. There is usually a good reason when I am stopped.
Got stopped in eu and uj for no good reason Now have to wait to see if it wants 0940 first (short) or 0720 (long). UJ gonna wait till 119.60 - 85, too weak to start longing again.
  • #1,099,470
  • Mar 27, 2017 2:43am Mar 27, 2017 2:43am
Quoting TudorIoan
{quote} ...but, we'll see, this analysis of mine can be awfully wrong
It wont matter , as the t/p was hit .
So ,obviously right !
  • #1,099,471
  • Mar 27, 2017 2:44am Mar 27, 2017 2:44am
well... now that the upgap kicked in and signs in germany are good, EUR/USD could see a little wind:

EUR/USD
next -midterm- long target: 1.09540
Long positions: hold risk, don't scale up. Hold until 1.095x is reached, I make new call then, please trail your stops, it is shaky! Take some profits on it if you can.
Short positions: shortterm should be dead, midterm: close out, longterm: scale down
Market stays red
Technical reason: Supply not taken out yet, price is 50% retracement weekly. Bullish pattern starts filling but remains uncertain.

Trade careful and stay green
you are not expected to understand this
  • #1,099,472
  • Mar 27, 2017 2:47am Mar 27, 2017 2:47am
Quoting Drunken
My Long View: well bulls might take this opportunity to finally break the 875 today and touch 910,Now to take pressure off the downside we need to clear 10873....so a break of 10885 sustained would keep a bullish stance on the EU and we should then be able to push higher to excellent resistance at 11035 zone which will surely give a strong bullish signal , will buy if it breaks above Stay Green

My like I said before a great care needs to be taken while trading Yen , it follows global sentiment first then the chart becoz of it's other name 'safe haven'.

Stay Green
  • #1,099,473
  • Mar 27, 2017 2:47am Mar 27, 2017 2:47am
Quoting Drunken
My Long View: well bulls might take this opportunity to finally break the 875 today and touch 910,Now to take pressure off the downside we need to clear 10873....so a break of 10885 sustained would keep a bullish stance on the EU and we should then be able to push higher to excellent resistance at 11035 zone which will surely give a strong bullish signal , will buy if it breaks above Stay Green

My friend like I said before a great care needs to be taken while trading Yen , it follows global sentiment first then the chart becoz of it's other name 'safe haven'.

Stay Green
  • #1,099,474
  • Mar 27, 2017 2:49am Mar 27, 2017 2:49am
Quoting sakisf
{quote} Got stopped in eu and uj for no good reason Now have to wait to see if it wants 0940 first (short) or 0720 (long). UJ gonna wait till 119.60 - 85, too weak to start longing again.
Same man,stopped on both fecker.
Standing aside for now will see if 110.00 is protected at least for a dead cat and may re-enter long where it stopped me @110.30.
  • #1,099,475
  • Mar 27, 2017 2:50am Mar 27, 2017 2:50am
Quoting Angelina
{quote} It will fill up the gap like always lol.

From where do you propose we start to short to fill up the gap?
Attached Image (click to enlarge)
Click to Enlarge Name: GAP FILLING.png Size: 54 KB
Let it turn and find your entry.
  • #1,099,476
  • Mar 27, 2017 2:54am Mar 27, 2017 2:54am
For today my guess is that we will not go higher than 1.0890.. Therefore 1.0880/90 zone should be watched carefully.. that level might get retested a lot if we see rejection today (hopefully)

Stay Green
Focus only on what truly matters!
  • #1,099,477
  • Edited 3:14am Mar 27, 2017 3:03am | Edited 3:14am
Quoting Ata-Turkoglu
EURUSD H4 Chart Update The higher we go the riskier it gets for bulls at levels for 3 major patterns which are waiting to kick in. Step 1 (Shark Pattern): The price levels we are at right now could trigger a sell off with the effect of shark pattern (price can't exceed 1.0890 to keep this pattern valid) Step 2 (AB = CD Pattern): Once Shark pattern gets invalid and price goes above 1.0890 the next level: 1.0970/80 area becomes critical for a sell off. Step 3 (Cypher Pattern): Finally if none of the previous can hold bulls my final target would be...
I think we will touch 1.1080. We have gap there and fits with your pattern
Try don't lose pants never...
  • #1,099,478
  • Mar 27, 2017 3:03am Mar 27, 2017 3:03am
We have EURO money supply data in roughly an hour's time. Let's see where this takes us to.
  • #1,099,479
  • Mar 27, 2017 3:04am Mar 27, 2017 3:04am
Becoz EU is drunk now
  • #1,099,480
  • Mar 27, 2017 3:09am Mar 27, 2017 3:09am
Quoting yanitsa
{quote} It wont matter , as the t/p was hit . So ,obviously right !
Well, I can have an opinion even I've done trading ATM
I was pretty accurate today about direction, about certain levels (1.0872 little pullback there but not for long)
...but that doesn't make me a prophet ...I was just lucky
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