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- Alorente replied 9 hr ago
Hi Ata. Here is an image edited version of your chart that expresses what I believe is likely to happen at some point this week, Not necessarily on Monday, though... WeŽll see...
- Alorente replied May 30, 2024
I am currently short since 1.0850. Exiting right at the confluence of the Red, Yellow and Green lines on the chart: 1.0725
- Alorente replied May 30, 2024
A or B? That is the question... But, there is an important difference between the original A and B and where we are now on your chart. When the original A happened, the MACD was crossing over the signal line and flashing a Sell Signal. When B ...
- Alorente replied May 27, 2024
Hi BestTraderEv Over the years, I have tested many different pairs of moving averages to help in determining trend and timing of entry and exit. A couple of years ago I settled on this pair of MAŽs which I have been using ever since: Period=20. ...
- Alorente replied May 17, 2024
What does the Butterfly say for a target?
- Alorente replied May 15, 2024
By Wash you mean take out the high and by Rinse close the H1 candle below the previous high?
- Alorente replied May 15, 2024
Hi Pedro. What do you mean by W&R ? Thanks
- Alorente replied May 14, 2024
I am short at 1.0820. I will add more Sells higher. I believe the top of this move could be around 1.0830. My target is 1.0690.
- Alorente replied May 10, 2024
Look at how the D1 SMA (Pink line) rejected price on NFP day (H4 chart). After that it got close to it several times and backed off. I am not saying it will not break it, but it will not be easy.
- Alorente replied May 10, 2024
You also have the Daily 200 SMA at 107.92 EurUsd usually has trouble with it.
- Alorente replied May 10, 2024
At this point, this is what we have: Expanding formation A (continuation formation) is Bullish if top line is broken. Expanding formation B (continuation formation), contained within A is Bearish if bottom line is broken. This one should resolve ...
- Alorente replied May 6, 2024
Good Morning. My longer term view on EurUsd is slowly changing. I am more inclined now to accept the scenario of consolidation to the 1.0680 to 1.0690 level, followed by a break to the upside of the downward expanding formation and on to 1.1000 and ...
- Alorente replied Apr 26, 2024
I now consider 1.0700 has been tested and not broken. It can try again, but there is potential for higher here.
- Alorente replied Apr 26, 2024
Yes, I know that. I am talking about today. The Now...
- Alorente replied Apr 26, 2024
I donŽt feel good either way. It could go anywhere in my view, so it probably will stay around where it is. IŽm staying out of this one.
- Alorente replied Apr 26, 2024
Out of the shorts at 1.0715 for 50 pips. Better than nothing I guess... Will sit on my hands until after the Red news.
- Alorente replied Apr 26, 2024
I changed the TPs on all 3 shorts to 1.0705. Will reenter shorts later, closer to 1.0780. Till it gets there, maybe IŽll be scalping long after it tests 1.0700. A lot depends on the crucial inflation data today. A big number and all bets are off...
- Alorente replied Apr 26, 2024
I agree with you. EU wants to go higher, but first it should test 1.0700 maybe today.
- Alorente replied Apr 25, 2024
Ata, it is truly amazing to me how having been caught on the wrong side of hot news, you can fight it out and end the day up close to 10%. Truly out of this world. Yes, I know... Off topic, but I couldnŽt resist mentioning it.
- Alorente replied Apr 25, 2024
Well... there was luck involved too. I am not quite sure EU is ready to roll over. It may want to crawl up to 1.0700+ before throwing in the towel. I feel pretty certain the future is lower, but not in a straight line...