Have a great weekend too.

EURUSD

Pipland, can you imagine the UK shutting down all businesses and non-essential government services for 5 days if that flu ever claimed less than 100 fatalaties, as Mexico has done with a population of about 3 times at least in their Capital? And can ...

EURUSD

Your analysis works on several TF, Check out the 4 hr even, and I also use Daily and got those levels marked off. I do take many trades intraday and prefer not to hold overnight unless I have a 'prediction' i am watching unfold over several ...

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Have you thought about hedging your position with ?/Ch?

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I think we both use the same exact method

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see you next time. Also about to call it a day

EURUSD

I agree about the gap. I don't want to guess, but the gap is probably to the downside if it happen on monday to catch the longs, then a reversal on monday to catch the shorts

EURUSD

nice, did you hve 2 positions on, one to close one to let run? probably not as it's friday and better to travel economy, right? I just woke up from a lttle rest

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If it gets to 65 it may break 63, and that is my cue for preparation of short again

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The market has traded to 1.3275 again. I am sitting this one out and not going long. Why, just not sure about this so late in the day. I still see downside and therefore sitting out now

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So therefore as you have drawn it, it is not a butterfly pattern, or that would be bulllish

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The pattern must have a .786 to .886 retracement to be valid. The retracement is to the middle of the butterfly, AB=.786 XA BC=.382-.886 AB XD=1.27XA B is middle of the butterfly X is lower left A is top left B is top right D is bottom right

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Buttefly patterns requires fibonacci relationships to be observed I remember. Although it looks like a butterfly you would need to check the fib relationships to confirm. Do you agree?

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I think the market has already made it's call just from looking at the hourly chart. Also below 20 ema

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Indeed.

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Pull up a lower TF chart and you will see the market is fighting a double head and shoulder pattern. A break below is bye bye longs

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agree

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This present move down I have completing or stalling at around 1.3219

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1.3275 is the swing low of the move down from the 1.3328 high today in low TF. The 1.3253 is a little more complicated, but is off an ascending trendline in the lower TF from the low ataround 9:30 am

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fasten seat belts, unexpected turbulence. This market could still go up

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