Closing with small profit at 1.0920. Will see tomorrow if bearish momentum gains power. Now strength missing.
Correction....at 1.0930
It was assumed that the pair will return to the downtrend after trading the zone of the previous daily peak (~1.0990).
Monday was the time when negative world news that came out over the weekend became a trigger for the opening of the Pacific and Asian sessions. The relay was picked up by the markets of Russia and Europe, and then the United States joined the trend.
After closing on Friday at ~1.0984, on Monday (04.05.20), the cross rate of the EURUSD pair was at 1.0914, pulling the position out of the minus with the lot already doubled. The current level of entry into the Market was attracted by increasing the lot size and thereby reducing the drawdown distance by half. Now the price is already trying to trade in the positive zone. However, tomorrow, on Tuesday 05.05.20., there will be an important decision of the German court, which can create volatility in the Market. Also, we expect data on unemployment in the US, this is also volatile news.
In General, neither the bulls nor the bears are feeling determined yet. We need to wait until tomorrow to see exactly how the Market will trade such news.
Meanwhile, the pair is trading with a bearish mood, because as a result of the European session, the traded horizontal corridor with a 10-fold change in the vector was finally broken towards the South. Although everything can change quickly and easily, at this stage, this is a good sign for bears and for an open sell position.
If the pair starts a sudden growth, it will remain to watch it until the area of the second daily crisis peak ~1.1140 is reached. However, on the approach to it, there is still a daily vertex from 03.02.20. Therefore, the price may rest against it before reaching the correction goal of 1.1140. But this is a matter of technique. The trader works with consequences. So we'll just wait for developments.
While it is possible to state another confirmation of the fundamental technique. And the MT5 trading platform has once again shown its advantages, allowing you to increase the volume of operations performed, and move the level of entry into the Market to a more profitable value.
Monday was the time when negative world news that came out over the weekend became a trigger for the opening of the Pacific and Asian sessions. The relay was picked up by the markets of Russia and Europe, and then the United States joined the trend.
After closing on Friday at ~1.0984, on Monday (04.05.20), the cross rate of the EURUSD pair was at 1.0914, pulling the position out of the minus with the lot already doubled. The current level of entry into the Market was attracted by increasing the lot size and thereby reducing the drawdown distance by half. Now the price is already trying to trade in the positive zone. However, tomorrow, on Tuesday 05.05.20., there will be an important decision of the German court, which can create volatility in the Market. Also, we expect data on unemployment in the US, this is also volatile news.
In General, neither the bulls nor the bears are feeling determined yet. We need to wait until tomorrow to see exactly how the Market will trade such news.
Meanwhile, the pair is trading with a bearish mood, because as a result of the European session, the traded horizontal corridor with a 10-fold change in the vector was finally broken towards the South. Although everything can change quickly and easily, at this stage, this is a good sign for bears and for an open sell position.
If the pair starts a sudden growth, it will remain to watch it until the area of the second daily crisis peak ~1.1140 is reached. However, on the approach to it, there is still a daily vertex from 03.02.20. Therefore, the price may rest against it before reaching the correction goal of 1.1140. But this is a matter of technique. The trader works with consequences. So we'll just wait for developments.
While it is possible to state another confirmation of the fundamental technique. And the MT5 trading platform has once again shown its advantages, allowing you to increase the volume of operations performed, and move the level of entry into the Market to a more profitable value.
Attachments:
Going long at today's opening at 1.0902 but this time with small lot and big SL currently placed at 1.0788. Will trail this stop if the market starts moving up.
May 05 2020 at 07:03
Gone Short.
Attachments:
Only trade the major pears
May 06 2020 at 03:01
The EURUSD could find a support around the 1.0800 level, but it could drop to the 1.0700 zone again. Eventhough the pair tried to break above the 200 day EMA and the 1.1000 level, the bearish trend is still in place.
There is no trend. D1 range 1.1020 - 1.0750 or lower
Go hard ;)
It seems like the eurusd just stands still. It slightly goes down and returns to the previous point. So far I see no reason to trade in this currency right now. I am waiting for news.
Hi!
Downtrend within d1 sideways 1.102-1.0750. Fifth day. Today, at increased volatility, a reversal is possible within the sideways, or lower entry
Downtrend within d1 sideways 1.102-1.0750. Fifth day. Today, at increased volatility, a reversal is possible within the sideways, or lower entry
Go hard ;)
1% on first position locked + 1% on second position locked and just added 1% on 3 position https://prntscr.com/scz0mz
trade currently stands at 6.5r on all positions combined. thats +6.5% on a single trade as of now. looking for the reversal tocontiue and give me more than 20r total
trade currently stands at 6.5r on all positions combined. thats +6.5% on a single trade as of now. looking for the reversal tocontiue and give me more than 20r total
May 08 2020 at 06:48
Good pair to always trade on, I love this pair.
Market Direction
Now I am observing the same situation with the eurusd which was yesterday. Still waiting for the news. I do not see the point in trading yet.
i am gonna dd a 4th 1% posiiton on monday open based on 15m chart. trade is already locked +6.5% in profit. so either make that profit % go throught the roof or down to +4%
this is how i make money at least. pick the 1st entry, lock it and build it up. i try to find 1 trade per week like this and i am good.
i try to do this on 3-4 trades every week, i only need one to work.
this week my pick was on eurusd
this is my view on it on the daily
https://prntscr.com/sdo650
and this on 15m
https://prntscr.com/sdo96a
realistic tp at 1.0975
this is how i make money at least. pick the 1st entry, lock it and build it up. i try to find 1 trade per week like this and i am good.
i try to do this on 3-4 trades every week, i only need one to work.
this week my pick was on eurusd
this is my view on it on the daily
https://prntscr.com/sdo650
and this on 15m
https://prntscr.com/sdo96a
realistic tp at 1.0975
May 10 2020 at 06:20
It's really going to be interesting week on Euro/USD this week, I can't wait to take opportunity when presented.
Market Direction
Now the price is in the resistance area of 1.0850, I am waiting for a reaction and probably a sale for a 30 minute chart. If above 1.0850, then the trend will change to bullish and look for entry points for buying
https://www.myfxbook.com/forex-charts/EURUSD,H4/140817
https://www.myfxbook.com/forex-charts/EURUSD,H4/140817
Go hard ;)
Today EUR/USD is bullish from 1.0835, if the low of 1.0784 is intact.
Still bullish as on Wednesday pre-EU session. Bearish below 1.0825
If we take into account the factor that this is the most popular currency pair, then everyone watches it very carefully.
May 19 2020 at 10:03
Up or Down. Close above TL buy. Close below with bearish candle sell.
Attachments:
Only trade the major pears
Go hard ;)
