crncy
Short

EurGbp Short Idea. Double bottom target reached.

FX_IDC:EURGBP   EURO / POUND STERLING
1391 20 26
8 months ago
selfexpl
8 months ago
Comment:
snapshot
new supply area .8040
livingdaylight
8 months ago
No clear Supply is there? or what's worse it got consumed. Price seems to have pierced the other side of that (key?) S/R level.
What will you be watching for?
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crncy PRO livingdaylight
8 months ago
good luck if your long, it's all I have to say to you ...
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livingdaylight crncy
8 months ago
I don't have a position. Merely asking a question and sharing what I see - but, if you prefer I remain stumm
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crncy PRO livingdaylight
8 months ago
Ok, man. So tell me what do u see? Dont be influenced by my idea, feel free to share ur view.
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livingdaylight crncy
8 months ago
I was just asking where Supply is, because you use, Supply/Demand, yes? The bars are very small so, can't see what you see. I notice you have a channel. What is that? Regressional channel or ?
I don't have a clear view. Price does seem bullish and don't see any sign of reversal yet. Do you have a short already?

snapshot
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crncy PRO livingdaylight
8 months ago
Maaan now we are talking! Nice chart, from what source did you learn this strategy?
I was long since approx. 0.76 up to .8050. (Double bottom target) I do not have short position. It's too early. But I see several reasons to doubt the further strengthening of the euro against the pound. 1. Supply area, I do not have custom timeframes, I can not show you now, I didnt paid for a Pro subscription, will do soon and paste extra chart, as I can remember it is 3months supply area.
  2. fibo that are not essential for my view, it is an additional point of reference.
I expect to spike up, stop loss hunt, then go down. I'm looking to create new daily supply area in this levels (.8100-.8070) and PA sell signal. Today's candle will close probably like this, do you recognize what is that PA formation?
+1 Reply
livingdaylight crncy
8 months ago
Congrats! that's a nice very nice +400 pip wave up you caught.
I agree; seems too early to short, but interesting area to see what happens next. This move up has been relentless, on H1 parabolic, so, maybe correction is due here.

"I expect to spike up, stop loss hunt, then go down. I'm looking to create new daily supply area in this levels (.8100-.8070) and PA sell signal."

Sounds good. I like HTF level of interest with LTF pa

"Today's candle will close probably like this, do you recognize what is that PA formation?:
Shooting Star? like pinball, right?

To answer your question: I first saw some videos by Sam Seiden and then followed different S/D threads on FF.
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crncy PRO livingdaylight
8 months ago
It looks more like ''hanging man'' candlestick for me. Forming after an advance, a Hanging Man signals that selling pressure is starting to increase. It may be an early sign that the momentum is decreasing and the direction may be getting ready to change.
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livingdaylight livingdaylight
8 months ago
Another look at the Weekly
snapshot
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livingdaylight livingdaylight
8 months ago
H4 structure & possible pathways.
snapshot
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crncy PRO livingdaylight
8 months ago
Nice chart. Im looking at lower tfs like H4 when i see opportunity on the daily.
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crncy PRO livingdaylight
8 months ago
Hi! Just updated my idea, cheers.
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S.Ateeq
8 months ago
Yeah, I believe it's a reversal time, adding to the point of S/D view, on the weekly chart it shows clearly that price hit the above trend line, as well as on the daily chart, the broken trend line almost two weeks ago has been retested again yesterday, so technically, along with the hanging man formed yesterday, I believe all of this combined could be considered a nice reversal signal.
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crncy PRO S.Ateeq
8 months ago
Yeah man, this is definitely on my watchlist.
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jangseohee
8 months ago
snapshot

abit more
last flush
snapshot
+1 Reply
crncy PRO jangseohee
8 months ago
Thank you for your input. I like the precision.
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jangseohee crncy
8 months ago
you r most welcome
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PooyaSalehipour
8 months ago
very clear chart.
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crncy PRO PooyaSalehipour
8 months ago
Thanks man!
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MarioArias
8 months ago
Hi guys, bear in mind the news of "brexit". It may lead to markets behaving oddly until 23th of June that is the referendum.
+1 Reply
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