99nines
Short

Euro Sell off inbound?

FX:EURUSD   Euro Fx/U.S. Dollar
708 21 3
thought I'd add the possible pattern. I dont have confirmation of this move yet, but i've found something with my Geometric             tool that is very compelling..
sunny
3 years ago
1000 pips, bold call but not out of this world. I've been expecting more Euro volatility, quiet for too long. Needs a catalyst coming soon. Some bank recommendations just came to buy EUR/USD targeting 1.37. to me that means do opposite.
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99nines sunny
3 years ago
Indeed but this is a VERY VERY good possibility, I have no idea what could cause something like this - buy my system is totally independent on news or fundamentals. Have to stress again for anyone reading this... it's a VERY real possibility.
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99nines 99nines
3 years ago
I meant *but my system.....*
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sunny 99nines
3 years ago
No doubt I appreciate our technicals should avoid news/fundamentals. But sometimes I just laugh when I see reversals lining up perfectly at key points. All the best.
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7777777
3 years ago

Thank you! The model has a right to exist...
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InvestinFX.com
3 years ago
I trade the Eurusd since 2001 and IMHO 1.3595 1.3700 are the targets for the next few days. I wouldn't go short now
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99nines InvestinFX.com
3 years ago
mmm ok :)
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RedStaR
3 years ago
The 0.5 @ XB and 1.27 @ AC are legit ratios.

But these are continuations of retracements.

You have to use fundamentals to narrow down your possibilities, now let's face it, the dollar will be weak in coming months and EUR/USD will go north at least until December.

With that said, you should look for patterns that follow a bullish sentiment until that time.

So in this case, an AB=CD drive.

My thoughts anyway.
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99nines RedStaR
3 years ago
Thanks for sharing! i really appreciate constructive criticism. The only issue with fundamentals is it's based on public knowledge, I'll leave it at that :)
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99nines 99nines
3 years ago
Also, This is not confirmed yet... I need confirmation on my 30min chart before I can really get behind this thought process, but things are looking bad for euro, from what I can see geometrically.
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RedStaR 99nines
3 years ago
Fundamentals are for swing trading, since they most likely shape the trend. Like for example the last Wednesday's expansionary monetary policy. The US Federal Reserve refused to cut monetary supply, which made the dollar weak, and EUR/USD jumped up 200 pips because of this.

Technical trades are more useful for short intra-day range trading, where you get in and get out of the market quickly based on market structure, cycles, and harmonic patterns.

Now combine the two, and you can have a powerful tool to predict where trends reverse, or retracements begins, to give the best possible odds for entries and exits.

I could alter your chart and draw a technical pattern, that would still be valid under technical analysis concepts, but also, aligning with the more powerful monetary policies.

In fact, I made one already, you can find it on the eur/usd page. Let's see how that goes.
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99nines RedStaR
3 years ago
I don't measure trend in traditional ways. Trends have a start date and a end date it's just most people dont have a understanding of that, thats why I dont believe in trend "strength" only trend time, I have the euro trend time for this up move as over.
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kamukak 99nines
3 years ago
99nines Do you have any thoughts for gbp/usd pair?
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99nines kamukak
3 years ago
gbp/usd have been closely related lately, I havent done official numbers on it yet but I would suspect it will also drop.
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99nines
3 years ago
Last time I posted something like this, no one believed it either..
Euro Next Month..
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99nines 99nines
3 years ago
notice how the trend "strength" (time for me) was caught, when price didnt keep moving down on May 24th.. I went bullish with a call for Euro to be at 1.341 on June 19/20th before another drop.... I know no one should be able to do that right?
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RedStaR 99nines
3 years ago
Also notice how the price drops after the FOMC meetings on May 1st and June 18th.
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99nines RedStaR
3 years ago
Right but we don't have knowledge of what the FOMC will do before hand... if my technical had said a up move they would have did something to follow a upmove. I dont shape any prediction around FOMC or any other news events.. it just so happens to fall on that date by "coincidence"
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RedStaR 99nines
3 years ago
Interesting, we will see if price retraces off 1.33-1.34 like I predict, or continues the downtrend like you predict.

We could re-analyze the move after either one, and see what went wrong for both of us.
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99nines RedStaR
3 years ago
Trend reversals...
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99nines 99nines
3 years ago
Should be a fun few weeks..
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