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Thread: EUR/USD pair discussion
  1. #4431
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    Hi guys i can now say that is is now safe for us to enter our buy trade on eurusd considering our today's candle (2018.10.26) daily chart inverted hammer bullish reversal candle in view of this it appears that market has respect for the support price at 1.1301 created at day (2018.08.15). there for we can buy eurusd now today friday 19:20 pm west time almost close of the week but make sure you enter the trade today Friday before the close of the market for this week. Stop loss at 1.1300 take profit at 1.1752. This trade may run for weeks. Best wishes.

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  3. #4432
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    Hello, dear traders!

    A new trading week has begun.
    So, let's consider the current market situation in more detail and develop an action plan.

    Last Friday, the price managed to rise significantly after a weekly decline.
    In fact, Friday's growth was able to offset a 50% weekly decline.

    Can we just say that the major players have fixed their sales?

    Perhaps, but according to the Chicago Stock Exchange option statistics, I did not see a large outflow of call options.
    And this means that so far no one large player has fixed his deals.
    I guess that the growth of the pair could look like another bait for buyers.
    And if so, next week we will continue to move south.


    By the way, the pair has opened with a tiny gap down.
    So everything goes well, nothing critical has happened this weekend.

    In order to designate that same entry point, let's turn to a short time frame (in this case, M30).
    Here we can clearly see the area of sales. That is, this is the price range where there is a large accumulation of liquidity.
    Such a zone often gives a rebound for the price.
    Consequently, the area from 1.1445 and higher up to 1.1475 is the most successful place.


    If we briefly look at the situation in the open interest profile on the weekly chart, we can note the following main points:

    1. At the level of 1.1500 (1.1450 at forex prices), there is a large infusion of call options.
    Here a large player hedged from growth, which means that by the end of the week (more precisely, on Friday), we will not be above 1.1450.
    2. There is an unbroken put level at 1.1300 (1.1250 at forex prices). Most likely we will get it.
    3. There is an active addition of open interest for call options. So, the pair is expected to grow most of the week.


    It is still necessary to designate the balance of the day and the extreme borders, as well as to set pending orders after (or before) the opening of the European session.


    So, I wish everyone successful trading.

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  5. #4433
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    Hello, everyone.
    I will summarize my thoughts and draw up the main priority trading action plan for today.
    The first thing I will rely on is the setting of the main levels of resistance and support. I will make all trading decisions in this range.
    To do this, I will use the option levels.
    Due to the fact that the monthly contract is nearing its end, the main levels will be built on the basis of it.
    According to these option levels, the largest turnover was in the range of 1.1350 at futures prices, that is 1.1305 at forex prices. This level coincides with the local minimum update that was formed on Friday. Taking into account the risk premium on options, we get the mark of 1.1272.
    The significant call level turns out to be 1.1550 at futures prices which is the range of 1.1505 at forex prices. Given the risk premium, we get the level of 1.1537 as the range of the highest growth.
    The price is currently being traded in the middle of the channel, so first, for a more detailed analysis, let's analyze the increase in open interest.
    [IMG][/IMG]
    Changes in open interest on options.
    There is a rather significant inflow of call options. Insurance is being made both at current prices and 100 points higher than the current price...
    In fact, everything is correct, because at the beginning of a new contract, the addition of options on distant strikes will be with minimal risk premiums, that will allow to save.
    The greatest number of call orders was added at 1.1550. At forex prices, this is the range of 1.1505. This range just coincides with the level of the maximum trading turnover of call options.
    A significant increase in the number of put options turned out to be at 1.1350. This level will be within 1.1305 at forex prices.
    This level also coincides with the maximum trading turnover of put options.
    The total trading range for today turns out to be more than 200 points, given the premium.
    I think that for this, it's quite enough to work out the main targets.


    Trading plan for today.
    The price is being traded in the middle of the range, according to the contracts with their expiration on November 9.
    At the moment, there are three open purchases.
    The first entry price turned out to be 1.1359. Stop order is at 1.1259 and profit order is at 1.1459.
    The second purchase was opened at the most critical level of 1.1341.
    The level for take profit order will be 1.1431 and the level for stop order is 1.1231.
    The third purchase from 1.1398 also remains open. Stop order is at 1.1298 and profit order is at 1.1498.
    The risk in each transaction is 3% of the deposit.


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  7. #4434
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    Hello, everyone.
    Yesterday, the level of 1.1370 was firmly kept. The Europeans managed to make a false breakout of this mark, but then the greatest upward momentum occurred.
    In general, three attempts of breakout were kept, now the fourth run is underway, I think that buyers will be able to defend their priority.
    The main clue as to whether there will be further growth tomorrow is in change in open interest.
    Later, it will be possible to see the statistics where everything will be shown in detail.
    The most interesting is that at the level of 1.1450 at futures prices, there is also a strong put level. Now it is clear why we are in the flat today. There is a struggle in the market and no one wants to lose ground.

    Changes in open interest according to options.
    If we analyze the monthly contract, the main range of maximum changes is 150 points.
    The greatest increase in call orders turned out to be 1.1550. At forex prices, this is the range of 1.1505. This range just coincides with the breakout of the maximum value for last Tuesday.
    A significant increase in the number of put options turned out to be at 1.1400. This level will be in the range of 1.1355 at forex prices.
    This level is just below today's minimum. With such a dynamic of changes, the support levels are still very close to each other, which will not allow the price to go down sharply.
    Given the risk premiums, the total trading range turns out to be more than 150 points.
    There is still a small margin in call volumes, but in order to confirm the levels, we need to review the new data on open interest.


    Trading plan.
    At the moment, I have four purchases. I wasn't going to open so many positions, but good conditions for entry and keeping to risks made it possible to do that.
    The first purchase was opened at 1.1372. Take profit is at 1.1472. Stop order is at 1.1272.
    The entry price for the second purchase turned out to be 1.1359. Stop order is at 1.1259 and profit order is at 1.1459.
    The third purchase was opened at 1.1341.
    The level for take profit order is at 1.1431 and the level for stop order is at 1.1231.
    The fourth purchase was opened from 1.1398. Stop order is at 1.1298 and profit order is at 1.1498.
    Today, I expect a breakout of the 1.1420 technical level where the sellers' stop orders may be collected above the trend.


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  9. #4435
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    Hello, everyone.
    A brief forecast for the euro-dollar pair.
    After yesterday's trading, the pair has already showed the first signal (according to my trading system) indicating the north. Until then, I did not make purchases.
    I have already placed the first pending order for the purchase.

    Now let's consider in more detail.

    As you can seen on the chart, the pair is near the global minimum of 1.1300. Breakout of it will open the prospects of a downward pullback.
    Why did we slow down here?
    I suppose that the update of the minimum and the further downward approach does not coincide with the plan of the major market players.
    Otherwise, they would have done it on Friday.

    Let's start from the top.

    Today, I expect two options for the development of events. But there are not just arrows up and down, but under specific conditions.
    That is, the conditions for growth cancel sales and vice versa.
    Conditions for decline and sales.

    1. The price should not break through the resistance of 1.1410.
    2. Sale at the level of 1.1415 (with a margin in case of a false breakout).
    3. Target for today is the lower limit of the disbalance – 1.1279.


    Conditions for growth and purchases.
    1. The price must first go down to the area of 1.1360 and even lower, and only then go up, not the other way around - break through the maximum of 1.14 and go further down. This option will temporarily cancel purchases.
    2. The pair should consolidate above 1.1410-1.1420. Otherwise, I immediately transfer the purchase to the break-even point.
    3. Target for growth for today is 1.1470 (maybe even a little more).


    Today I will adapt to the situation. After all, the situation is quite interesting.
    As I have indicated above, the conditions for entering the market, therefore, I will follow the events.
    It is a good thing that today there will be such an opportunity.

    By the way, I saw a good signal for the north.
    A few words about it.

    In my trading, I use option analysis. So, according to the monthly option, I saw the formation of a pattern in the open interest profile.
    This pattern indicates the desire of the majority to sell. The price often goes against them.

    Here is the pattern below.


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  11. #4436
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    Hi guys good afternoon i just want t remind us dat our buy trade on eurusd is still on course and we need not to be confuse as a result of the little sell on the first day of the week Monday as far as market has not gotten to our stop loss wish is 1.1300. our take profit still remain 1.1748 an if you have not enter this buy trade on eurusd there is no better time to take this trade than now but we will need a lot of patience for this trade to play out.

  12. #4437
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    Analysis of the EUR / USD pair on the hourly frame, we notice on the chart the general trend of the pair is bearish within the descending channel until the pair reached support 1.1332 and the pair could not break it currently the pair is trying to retest the demand area located at 1.1332-1.1360. A buyout targeting resistance 1.1445 and if it succeeds in breaching the resistance the next target will be 1.1525 resistance


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  14. #4438
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    EUy'R/UJSD is hovering near about the first resistance that is 1.1365 and waiting for the data to be released by Italy for unemployment rate. Yestarday economic news for USD for not good and German's economic data was in favor of EUR.

  15. #4439
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    Hello,

    There is the middle of the trading week..
    Yesterday I expected something more decisive ... But it did not happen.
    Today, the action plan, that is, the conditions for entry and exit from the market, has changed a bit.
    Bears continue to press and dictate their rights.
    Now let's consider it in more detail.

    An option with working out the south. Conditions.
    1. The price should not go above 1.1385. Although the momentum towards the north is welcome.
    2. The pair should break through at least 1.1335 and consolidate below (that is, the impulse breakout is a violation of the conditions).
    3. The entry point into a short position with a pullback is in the area of 1.1330.
    4. The sale target is near the lower border of the disbalance of 1.1261. Although after the breakout of the 1.1300, I will move the transaction into the break-even point.


    An option with the pair's growth. Conditions.
    Everything is quite simple here.
    1. The price should not go below the flat borders, that is, below 1.1335-30. The impulsive breakout is not considered to be a downward movement.
    2. The price should go to the target of 1.1420 in the form of a zigzag.


    I have already got a purchase, I will not add anymore.
    What is the reason for having two options?
    The reason is that the market can go in any direction. But there are conditions when we can sell or buy. Or when we should not enter the market at all.
    Today, after the price consolidation under 1.1330, I will sell.
    Option analysis.
    Yesterday, I attached the screen from the open interest profile of the pair.
    The situation has not changed. The number of call options has grown. This means that more and more small speculators are moving into short positions. And this is a signal for growth.
    Here is a screen for Monday-Tuesday that includes the way how call options have been accumulated and with what strikes (strikes at futures price).


    Today, I still expect growth. But the market is not predictable. Therefore, I will enter adapting to the situation. I will enter if there are necessary conditions.
    So, I wish you all successful trading!

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  18. #4440
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    There are mix fundamentals of both countries.Market is in consolidation mode.Today's last fundamental will be release after 1:17 mints. After that there will be movement of the market according to the last but not least news.Market has been capped by its trend line 1:1330.If it break then new trend is going to be clear.

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