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Forex EUR/USD Daily Video, 19 September, 2019

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Sep 19, 2019.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    Miracle has not happened and Fed was not able to lead EUR out from indecision condition. Now we could talk only on short-term intraday setups and hope that some activity return on the markets next week:




    The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
     
    sveckar22, ED SCHAFFER, chalo and 4 others like this.
  2. Brett Reynolds

    Brett Reynolds Sergeant Major

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    Why do i get the feeling that 'everyone is waiting for 'Brexit'.!!? Even the 'Mighty Fed..is and the great Donald Trump is waiting to see what the 'little Island of UK is going to do..??

    Maybe it's because ALL the Cash is Stashed'..in London..??
     
    ED SCHAFFER likes this.
  3. Glastonburyk

    Glastonburyk Private, 1st Class

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    I think brexit won’t matter in the long run
     
    ED SCHAFFER likes this.
  4. ED SCHAFFER

    ED SCHAFFER Private, 1st Class

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    Hi Sive > I really do think your DIAMOND FORMATION on the 4 hr EUR is indeed valid in today's market despite the price drop at the bottom of the diamond. I chalk that large price drop & quick next day rebound price action up to BIG $ ELEPHANT / WHALE stop hunt manipulation. Today's markets are not like yesterdays markets of old being shown in all the old Classic text books on trading analysis with their "perfectly" formed chart formations. In my opinion, today's chart patterns are much more highly manipulated than in the past due to the use of computerized trading "BOTS" & "ALGOS" & hence charts sometimes can & do get "distorted" more. Well that is my view anyway.
     
    minimax and Sive Morten like this.
  5. sveckar22

    sveckar22 Private

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    Hello to everyone, I spotted a confluence level between 0.618 FIB Support and 1.618 XOP on EUR/GBP Daily chart. Purely based on technical analysis this can be a nice opportunity to go Long at least for a small scalp trade.


    EURGBP 20.9.19 D.JPG


    And we also have Double Repo Buy on 15 Min Chart.

    EURGBP 20.9.19 15M.JPG
     
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi buddy,

    EUR looks heavy a bit. It would be better to wait for something more valuable pattern than DRPO, because this pattern is not good as 2nd bottom stands around 5/8 Fib support of the 1st one. It means that it could be just pennant/triangle. Good DRPO should look a bit differently.
     
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  7. sveckar22

    sveckar22 Private

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    Thank you.
     

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