Jump to content

EURUSD Retrace rally then big drop

Recommended Posts

See how in the uptrend the price was clearly above the pertinent MAs.  (Then you take a position.)  When it transitions back and below the MAs then the trend is changing.  But if it goes back above the MAs then the trend is resuming.  :)

EUR_USD_20200311_12_30.thumb.png.077d51193bc65305349d85182d9c9bde.png

Share this post


Link to post

lol now it's heading the other direction 🙃

Share this post


Link to post

Two scenarios that could play out here... 

(1) the price goes straight through the 10820 level which was retested today and head for gap fill ; or

(2) the price rebounds to retest the 110 area before coming back down to have another go at 10820 before breaking down to fill the gap. 

Demand for USD is still high and is likely to remain that way capping any upside in EUR/USD for now..

image.png.1cbd84f526058d354679e91c95d6903c.png

 

Share this post


Link to post

Looks like its option 1) with the express lift straight towards gap fill.. 

@elle expecting your tag line any moment now... 

Share this post


Link to post
14 hours ago, Level_Trader said:

Two scenarios that could play out here... 

Isn't that always the case?  The price may go up - or it may go down.

Share this post


Link to post
3 minutes ago, dmedin said:

Isn't that always the case?  The price may go up - or it may go down.

No I think you misunderstood, in both scenarios I ultimately think the price is going down but it was whether we got a brief bounce first or we went straight down. We got a bounce in Feb around that 10820 level before ultimately crashing lower..

  • Like 1

Share this post


Link to post
On ‎12‎/‎02‎/‎2020 at 17:26, elle said:

Price just hit the Oct '19 low ( trying to bounce )   - nothing below now to that GAP 

"Mind the Gap"  - FILLED !

Capture eu.PNG

Capture mind the gap.PNG

  • Sad 1

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      13,147
    • Total Posts
      66,741
    • Total Members
      89,465
    Newest Member
    TomD123
    Joined 30/11/20 11:38
  • Posts

    • Would this be useful to anyone, Prevailing market sentiment graphs?  I have found a lot of good success using this method trading stocks. It makes use of the Hull Moving Average. Not just using the Hull Moving average however but I have found that it is surprisingly accurate.  Would this be useful to anyone? I will update these graphs most days if people find it interesting for both the FTSE100 and FTSE250 with general market sentiment. I have annotated the graphs so that if the prevailing sentiment is up/long it will show in green and if it's down/short then it will show as red.   I can produce other graphs for individual stocks if there is enough interest. Feel free to fork, update, message me for any questions etc.  Graphs
    • LOL.....No. It's the new safe haven asset. It might be the new mans gold. But ... no. 
    • Dax and Dow M15 chart levels;
×
×