Ichimoku_Trader
Long

Going long until we're bearish...

FX:EURUSD   Euro Fx/U.S. Dollar
2679 48 71
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Comment:  
Comment:
A bull waiting to happen...
Comment: Although we have entered the sell zone, and are now showing a red candle, I am not going to enter short yet because the WPP is just above us and we should thus reach it. The rule of completion.
Comment: WPP @1.1344
Comment:
Let
Comment:  
Comment: Will will break the critical level soon. Expect acceleration
Comment: Once we break through the critical level and accelerate, I might sell 75% of my position and re-buy it since we can expect a small retrace before we continue down
I said SMALL
Comment: almost there .. it's teasing us
Comment: stops and orders not triggered yet. These are dailies so just a bit down still
Comment: EURUSD is now officially bearish on the daily. We were bullish since December so this is news
Comment: I think that it would make sense to place a stop for tonight, since it's late, at 1.12355
If we break that, tomorrow, we will try to find a retracement entry

Good luck
Comment: I'm still holding my position
Comment: Next target will be the kumo bottom. Maybe we will retrace before moving forward.
Good chart here! are you expecting a touch of the green cloud before a move up? I am also v bullish longer term :)
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Ichimoku_Trader lukelehepuu
The cloud is layers of support
The Red area is also support
If we get into the kumo we will have a confluence of support
+2 Reply
Shooting Star in a daily candle is not weak by any means. We already dropped 300 pips and it's very likely to continue this week. An important, but not critical level has been broken in Friday so keep that in mind. The only reason as to why it bounced where it did is because of the daily 50ma and it being a first touch.
Reply
Thank you

Weak means the pair is weak going up because it did not reach the median line although it tried twice.
The median line is the oscillation magnet that keeps the direction consistent so not reaching it means that the oscillations are weak
Weakness implies a change in direction to the downside which has been evident.
A change in direction is considered a retracement until it proves otherwise.
Otherwise is related to timeframe. So the level which was broken on Friday did not cause a disruption in the bullishness on this timeframe.
As to why it bounced, I expect other reasons as well.

I am very systematic in my approach and i find that it pays well to be systematic

Thank you again
Good luck

+1 Reply
yes, as i can see it may get a lower low
snapshot
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Thanks
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Different analysis, same conclusion! :)

snapshot
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good luck
+1 Reply
Yeah I think have small room goes @1.12xx... Then we can wait price consolidation or not @1.12xx... If sideways @1.12xx mean hve gud support n it will shooting up immediately
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Ichimoku_Trader Sakakikunmakio
thank you

I knew you would come around
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Interesting . I also have long positions on eurusd (; just waiting for the market to play a few tricks (; ahahaha
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Ichimoku_Trader italianlion
Good luck

Notice that on H1 I am waiting for a bearish position with a stop and reverse just to make sure that I am staying with the market

Good luck
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I think 1.12142-62 is the balance number! I agree for this significant level , thanks again for the eye-opening chart...have a nice day...
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You too
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please don't forget, its bank holiday in Germany today..
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Thank you
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Waiting for a perfect entry. but i am afraid if we miss the chance and it start getting all way down?
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Never be afraid to miss a trade
Other trades will come
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I just closed half my short position and now the acceleration should start..? I'm always late to the party..
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well, once we break the critical level, it should start
so you still have time to get in if u want
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IAmAgainst Ichimoku_Trader
Yeah, I closed everything to open then again upon confirmation, but it looks like a descending wedge, which should execute upwards (according to textbooks at least).. I have stop buy and sells in both sides just in case.

snapshot
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is that a 10 minute chart?
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IAmAgainst Ichimoku_Trader
Five, I don't trade in this timeframe but it's in a major support zone so I things it's interesting to zoom in as much as possible to see how it reacts here.
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yes

we just broke that support. So the news is that we are now bearish on the daily again (we've been bullish since November).
This is big news
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IAmAgainst Ichimoku_Trader
Actually I closed the sell stop after writing my comment cause I'm not confident about it.. I'll enter with the buy stop but for the sell I'd wait for a daily or candle
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IAmAgainst IAmAgainst
(Accidentally hit enter while typing..) As I was saying it's in mayor support so a move up could be sudden but a move down, I won't believe it just like that at the first sign..
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yes true

but for me, once we break the critical level, we are bearish. We might retrace first but we will end up going down
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good luck
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IAmAgainst Ichimoku_Trader
You too, let's see what it does.
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thanks
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What to do then? Wait for a pullback?
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no

enter now or on the break
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mabaert PRO Ichimoku_Trader
for a short?
Reply
yes

price is very close to the critical level, so I expect a break
A break will bring acceleration because there are a lot of stops and entries placed at that level
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I am in!
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Ichimoku_Trader MarcielSouza
great

let's hope we break soon
+1 Reply
what could be the target if it crosses the critical level?
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Ichimoku_Trader CryptoTraderOne
Well, target 1 will be the WS2 @1.1181
Target 2 will be the kumo bottom
Then we might get a CS setup.

Let's take it one step at a time
We'll see how things go
+2 Reply
u want to buy or sell
Reply
sell
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order filled
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but when will it retrace? now?
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Well, we just reached 127% projection
i am expecting 161%
Maybe it will be here

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Waiting anxiously.......
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since its bearish now, can we place a sell order or still hv to wait until you enter the trade too?
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well, bearish means that we will consider any up move a correction of some type
Also, we will look for a retracement on the daily to continue down
So being bearish does not mean we place an order since we are talking about the daily

Anyway, we are in wave 5 down, so I am expecting a retrace but i was expecting it at least after we reach WS2
Let's see
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I added one more short @1.1225 with a SL @1.1235
Reply
Ichimoku_Trader CryptoTraderOne
10 pips is no risk
Good job and good luck
+1 Reply
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