Razvan

EURUSD - Glad I waited

FX:EURUSD   Euro Fx/U.S. Dollar
As I said in my last analysis, there are some bullish signals here. For the moment I am glad I waited and didn't short at breakout bellow 1.3600. I thought it would be a false breakout, and for the moment I avoided a loss. I really hope it will move higher....Did you go short?
Do you think the breakout will occur after of before GDP data out of the US? thank you
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Razvan HamzaLeith
Breakout above or bellow? well, I don't know. I belive that a GDP in line with expectations or bellow would trigger a dip for the dollar, while a better than expected GDP would get the EURUSD back on a down move. These are my expectations for this release. Quite raw, but I follow the technical signals for my entries :). At this point I am still waiting for a better signal - confirmation setup :)
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I meant to the upside indeed, considering that the US economy is contracting...You confirmation being a break of the upper line of the wedge?
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Razvan HamzaLeith
That would be a signal for a rally, but I don't think that would be a signal for me to trade :)
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Only scalped a move from 615 t0 590. Do you think an upside move can be sustained? what is your target?
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Razvan ggekkotrader
I don't think, at this moment that an up move will be sustain. But it would create a better setup for a short.
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I have long 1.3600 - SL 1.3585 target 1 = 1.3640 Target1 = 1.3670 :-/
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Razvan xnedja
nice entry, and your tps might be hit if the economic data will show contraction :)
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I'm on the same side as you Razvan. I'm hoping the market will reward us with an edge for a short position. Lots of pips to all!
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Razvan lgiulian
Lots of pips to you to :)
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I have 3 long position , 1.3650-1.3620-1.3590 , I am Hopeful and relax and waiting for 1.37 this week , I mean today and twomarow ;)

Nice Clean chart , Thanks Razvan
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Razvan Barzvar
He he, thank you too for the input. Wish you luck, I hope you will get a rally :)
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uhuuu -1% drop in the GDP, normally we should see a dip for the US dollar.
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This is so weird, such a high impact figure misses by 100% and yet no noteworthy reaction!
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Razvan HamzaLeith
I am laughing myself. It seems that 1% drop in the GDP doesn't matter if the Unemployment Claims is good :)))...funny. I've bet on a positive reaction based on this release and lost, on a very short term :))
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lgiulian Razvan
Maybe "Big Shark" knows what's going to happen next week...
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Razvan lgiulian
maybe :), anyway was a funny experience :)
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Barzvar Razvan
ECB Interest Rate Forcast is 0.1% , It will be realese 5 jun ! -15% cut is huge for EURO ! hehe !!! I have Buy position ! I am alone mate no buyers for euro.. hard to retrace... even if 10pips spike.. again people are selling , But i am waiting with my all open trades ....
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Now I bet on BUY at 1.3610, with SL at 1.3590 and TP1 at 1.3640 or TP2 at 1.3680
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AdrianRotaru AdrianRotaru
TP1 so close -1.3640 , yet hopefully by the end of the day :-)
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AdrianRotaru AdrianRotaru
target reached at 1.3640 :-)
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Razvan AdrianRotaru
great :)...glad you waited
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this is where i would short the eurusd
snapshot
what do you think
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lgiulian angrybear168
I'm curios how often did it happen for the market to move like this, retesting or respecting a h4/daily trend line in such a way?
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look at past price action, and the answer is all the time especially on daily
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lgiulian angrybear168
I meant how often an analysis like this made on the most right of the chart it happens to be fulfilled in reality. In the past is easier to find patterns. I'm not asking maliciously. Just trying to find out from someone who's using this type of analysis... Thank you
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well u trade it if only if it happens(if price goes to the level you are looking for), if not u move on find the next set up... no one can predict the future or else we all be billionaires
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lgiulian angrybear168
I understand. Your ideas are clear. Thanks for the explanation.
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HamzaLeith angrybear168
angrybear168, I think your target can easily be reached, however, I think we need to have daily/4hr closes above these 2 lines...wishing you good pips
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angrybear168 HamzaLeith
thanks bro but im not long i would sell eur there only
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this is what it looks like on the daily
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When their assets are relatively cheap they drew EURO high. After selling those with high EU value, they are lowering EU value. Humm ...
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