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nic9man replied May 17, 2021Thanks man - let me ask another way - upon reaching 1.22, which support would you expect to hold if we were to stay in the bullish scenario? 1.2175? Is it not almost for certain that upon touching 1.22 we will retest 1.2175?
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nic9man replied May 17, 2021Hey Ata, do you see a short opportunity (or danger for longs) from the 1.22 resistance I showed in the graph I posted earlier? For me it is not clear, because breaching 1.2175 could also give a huge push.
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nic9man replied May 17, 2021In my view 1.22 will be the decision point. Either we go with the rising wedge, 1.22 holds and we drop down through the support line heading towards 1.20 again OR 1.22 breaks to the upside and we get a channel with resistance in 1.23-1.24 region, ...
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nic9man replied May 17, 2021Oh H4 there is a perfect downward sloping support for the last 5 candles. Looking good for bulls.
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nic9man replied May 16, 2021Higher inflation is only bullish for a currency when it promps the central bank to become hawkish and increase rates, otherwise it just erodes the value of a curreny. Think we will see the latter with the USD.
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nic9man replied May 14, 2021Thanks man! This one could be valid - though as always market makers could transform this wedge into a channel. But so far it looks dangerous for bulls around 1.22 region.
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nic9man replied May 14, 2021Hey Ata, your next resistance is 1.21155 followed by 1.21795, correct? Because I accumulated some excess longs at 1.2060 and need to load off at some smart point, or I set a stop loss. Which point would you recommend for a stop-loss to let upside ...
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nic9man replied May 13, 2021Can‘t believe the played the whole range again! Unbelievable.
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nic9man replied May 13, 2021But can they really when the state is taking on massive amount of debt?
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nic9man replied May 13, 2021hey fx sport, mind elaborating why you are bullish on the euro? are you bearish on the usd at the same time?
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nic9man replied May 13, 20211.2053 also connects the previous daily lows, maybe the last big support for the bulls for now?
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nic9man replied May 13, 2021Happy Eid Mubarak! I don‘t want to be political here, just wondering if you were implying that Hamas want peace. But probably you were referring to those Palestinians who want peace.
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nic9man replied May 12, 2021Potential rising wedge on M15 now, so we will probably see another run towards 1.2070 or deeper soon, unless M15 closes above 1.2083
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nic9man replied May 12, 2021i love to read your posts
probably some folks are envious about your trading style.EURUSD only