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RCtrader

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Everything posted by RCtrader

  1. RCtrader
    Okay! This time we are going down for sure. Is it time for a U-turn? Are bulls losing steam?
  2. RCtrader
    The price went higher and invalidated last week bearish outlook especially after red US data, however, we've got bearish divergence and an ABCD on the daily chart. See my chart below for SL and TPs. EURUSD in the Spotlight! (H4)
  3. RCtrader
    Hi all! ECB's interest rate decision is to be released today. 🤑 https://www.tradingview.com/chart/EURUSD/s9cklokv-Bears-are-recharging-and-are-about-to-take-action-EURUSD-H4/
  4. RCtrader
    Both the euro and the pound became quite volatile and bullish these days. But the pound reached the upper bound of the Bollinger Bands on D1 and a huge bat (harmonic pattern) was created on H1. Here is my chart, bat on gbpusd h1 ✌️
  5. RCtrader
    It says the highest inflation rate ever, but ECB is still unmoved lol. However, what is the time frame that has been taken into account? 20 years? or 50 years?
  6. RCtrader
    It's high time for ECB to do a rate hike. The pre-announced 25bps might be low indeed, but it's a needed first step. 🤔
  7. RCtrader
    I believe the pound has to rebound somewhere between 100 and 200 pips. There are harmonic patterns all over the place, on pairs like eurusd, audusd and usdcad. gbpusd bullish butterfly on H1
  8. RCtrader
    I am bullish on euro as well. 😉 EURUSD (H1) Chart
  9. RCtrader
    Hi! Great post! However, due to the war in Ukraine, it's hard to make predictions. Here is my chart. USDCAD 22-30 March 2022
  10. RCtrader
    And I went long USD just on time. Bears are not finished! (H1) EURUSD
  11. RCtrader
    Technically, bulls are safe for now. 😉 GBPUSD chart
  12. RCtrader
    You were saying that 6th of January to be the date when Russian invades Ukraine. Where did you get that date from? From what I remember, experts were saying that Russia scheduled an invasion in February. And even if they were to do that in January, it would be later than 15th of January. That is because Russians celebrate Christmas on 6, 7, and 8 of January and saint Vasile on the 14, 15 of January.
  13. RCtrader
    Thank you so much gentlemen for both the technical and the fundamental aspects of the euro and the dollar. There is a lot of data I was already acquainted with, but it's convenient to have it reinforced. It appears the euro holds the ground in the 1.1200 - 1.1390 area. I wouldn't mind it hovering in the area for another 3 months. 😉
  14. RCtrader
    Well, I would trade any financial instrument prior the release of the NFP, but I would not do that during the release and after it. In my opinion, it's almost like gambling. Perhaps, one could enter the market an hour after the event, if the PA has taken a direction. But again, there is a level of uncertainty.
  15. RCtrader
    What about fundamentals? Is a strengthening of the pound possible against the dollar? Both BoE and FED increased interest rates. FED is tapering QE. Does it mean gbpusd will start ranging? Which economy is stronger at the moment?
  16. RCtrader
    I'd rather have the price move up and down as in being very volatile but closing the day candle at the opening.
  17. RCtrader
    My view on GBPUSD is rather mixed. It reached a key horizontal resistance and was rejected by it with the release of the FOMC minutes. I expect it to make a few more bullish candles. It could even break the channel's upper bound. GBPUSD (1D) Chart
  18. RCtrader
    Is there any significance in ADP and NFP having divergent forecast? 🤔 ADP is projected to be less than previous month while NFP is twice the amount released in December.
  19. RCtrader
    I guess it depends on ECB. If they are going to taper but somewhat slowly and refuse to increase interest rates then I expect the bears will try to push the rate lower. 🤨
  20. RCtrader
    [eurusd] The bulls have been defeated. If they were serious about making an upwards move then they had to keep the price from falling. Too many trendlines have been broken. Now, the target is 1.1190 or lower. EURUSD H4 Chart
  21. RCtrader
    I was thinking a few days ago that we have a rectangle but we actually have a pennant on the daily chart. Chances are that the lower bound will be broken in January next year. https://www.tradingview.com/chart/EURUSD/Ts6UJqnn-Pennant-on-the-EURUSD-daily-chart/
  22. RCtrader
    Some said this was tried in the 1970s and it failed. My opinion is that with Erdogan in power, there is just one end for the Turkish lira, as it happened with the Argentinian peso and the Venezuelan bolivar. Hyper inflation and devaluation. 🤔
  23. RCtrader
    Sadly, I went bullish on the usd/try pair too early. Although, I'm sure there are some Asian' traders that caught the best entry.
  24. RCtrader
    I think it will be the rectangle breakout that is going to push the price 80 pips below it. At the same time, I believe in the MMs wanting to give us bears a Christmas present. Somebody was saying once that geometry is sacred. If that is so, we could end the year with a touch of the 1.1000 area.
  25. RCtrader
    The bears are still out there. I am projecting 120 pips south. Christmas Present :)

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