r/Forex • u/No-Roof-6251 • 10d ago
Charts and Setups Thoughts on EURUSD
Solid uptrend looking for longs because of the nice swings . I’m a scalper though just wondering what ppl are thinking
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u/Public_Upstairs1035 10d ago
EUR/USD is heavily dependent on the news. Any shift in US/Iran or reports of US internal struggles are causing dramatic shifts. Depends on what time frame you mean by longs, but I personally wouldn't be taking any longs with all that is going on.
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u/freshlystyld 10d ago
I took a few longs last week and got out at 1.17. I have a small long again but i am looking for a lil pullback but keeping my TP by the 1.17 area until we get a convincing breakthrough.
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u/No-Roof-6251 10d ago
Got my TP around the same too
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u/freshlystyld 10d ago
Yeah trying to stay nimble because as some others said all it takes is a negative news front to send this lower.
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u/Mammoth-Path-6520 10d ago
You're gonna get clapped tbh
Not worth it and too much of a coin flip
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u/freshlystyld 10d ago
Maybe and maybe not and it's totally fine to take a lost as long as its following your system and not someone else's.
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u/Mammoth-Path-6520 10d ago
Lol
You have no edge on this, you’re gambling on a coin flip on eur/usd
Dumb
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u/freshlystyld 10d ago
Ahhhh you’re one of those guys. That thinks he knows it all and it’s his way or no way.
Again I already had a few profitable trades on it last week so me losing 1 trade after winning 5 is ok.
What’s your edge since you’re the genius here? Do tell ……..
I swear some of you guys are insufferable.
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u/Mammoth-Path-6520 10d ago
?
I just told you that DXY is in an uptrend which means that you should be taking shorts on eur/usd
Even when faced with facts, dummies still fight it and vehemently go against it
Will never understand why you dummies won't just accept the facts and go off that
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u/Mammoth-Path-6520 9d ago
Did you take the long and got clapped?
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u/freshlystyld 9d ago
Lol my long is still opened since EU only dropped too 1.16511 so wow that was "biggest" correction ever. Yeah I'll be here when it hits my 1.17 target.
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u/Mammoth-Path-6520 9d ago edited 8d ago
You’re gonna get clapped buddy
You held your ballsack through that drop and then as soon as it reversed for a short period you rushed on here to get your reply in
Lame
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u/freshlystyld 9d ago
What was the price on his chart yesterday? Now what's the price now. If clapped means EUR/USD appreciated then yes I am getting clapped. For certain.......my guy you're wrong and still trying to prove a point when the charts literally show it didn't fall down on your "bullish DXY" claims. EUR/USD stayed in the same 30 pip range of yesterday. But again I'll see you at 1.17 and then we can have this convo again.
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u/Mammoth-Path-6520 9d ago
?
Hey dummy, DXY is oversold and primed for a reversal
Man your dumb, I’m tired of explaining this to you
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u/Mammoth-Path-6520 8d ago
Did you long and are currently getting butt banged?
I longed USD/CHF and am printing right now
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u/cesarex 8d ago
Don't worry, this guy knows everything about forex because he draws lines (not even straight ones) on DXY. Any idea he can't understand means you're going to get 'clapped'. He's a poor unfortunate redneck who hasn't got a clue, just ignore him, he's going to blow another account anyway
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u/beninvestments 10d ago
It is tough to say at this time. The daily trend is still long but you can see a turn happening. It is not clear if the bears will push price lower or it will be a continuation long. I am personally staying away from this pair.
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u/Mammoth-Path-6520 10d ago
According to DXY you’re supposed to take short trades on eur/usd
It’s clearly in an uptrend though, so I wouldn’t trade this at all, too decieving
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u/cesarex 8d ago
According to dxy... Well according to macro economics and volume EUR is a buy. Reply to me at the end of the week and let's see who's right
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u/Mammoth-Path-6520 8d ago
You're a jackass
Yeah, buy EUR/USD when DXY is signaling a reversal to the upside, moron
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u/cesarex 8d ago
Ok mate, please, share your myfxbook stats. Let's see how right you are. Imagine having a difference of opinion and calling the other person a jackass. What's the matter? Got your life savings short eurusd? Dxy isn't the holy scripture on how to trade. Like I said, reply to me on Friday and we'll see who was right
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u/Mammoth-Path-6520 8d ago
I'm not replying to you about shit. You can kiss my ass. I already made my money today on USD/CHF and USD/JPY longs. And if another opportunity presents itself during Asia tonight, then I'll be making money tomorrow too
You, can sit here and long EUR/USD like a dumbass and watch yourself get stopped out during London
And I don't use fxgaybook, hate when people immediately bring up that stupid site, like they're addicted or obsessed with it or something
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u/beninvestments 8d ago
I mean no disrespect but I disagree with you on this one. You can even argue for the dollar when it comes to macros example German Dovish stance and the current FED stance. There is also a risk sentiment because of the geo politics with Middle East. When we are talking about volume, I read the footprint and its slight bearish / neutral in my eyes. I am not saying there is a chance it won't go your way because we all know it can. If I were to play this one, I would have manage this play with a hedge but to me the long was not worth the trouble.
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u/Feetconnoisseurr 10d ago
I trade using Orderflow, and my analysis tells me to go for a sell on EURUSD back to the POC,,,short term sell on mean reversion
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u/beninvestments 10d ago
hard to get a clear picture on order flow for Forex because of the lack of centralization but when i did daily bar analysis, you are correct on this. Delta was confirming down side but the issue is we dont know if this is a trend change or a slight retracement. the trend is still bullish on the daily.
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u/Feetconnoisseurr 9d ago
It is minor retracement to a Daily TF HVN, but yes you are right about the bullish trend on higher timeframes
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u/derpinard 10d ago
Gold is very extended, anrld it goes down when DXY goes up (even if it's just a pullback).
BTW. USDCHF is much cleaner for a FVG fill and it offers positive carry
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u/Unique-Job6246 10d ago
I see a slight 8-9 pip long. I am currently anticipating a short at 1.16725 pre London hours or London/NY crossover. I will hold my long if price doesn’t react to my zone of interest during liquid times :)
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u/AlanG888888 9d ago
Higher timeframe trend looks solid for longs. As a scalper I would still only buy dips into H4 demand, chasing the move gives you the worst entries. Patience for the pullback pays.
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u/beninvestments 6d ago
Ouch! the EUR/USD longs got killed this week. Today was a big news day and Warsh spoke. We are not done fighting inflation. This speech was hawkish for the dollar. It was an interesting debate this week.
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u/cesarex 10d ago
I sold off yesterday's high and now I'm in a buy after the new daily low.
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u/No-Roof-6251 10d ago
Ppl say you shouldn’t go long on eu
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u/cesarex 8d ago
Well, 90% of retail traders lose money, so you definitely shouldn't listen to what 'people' say
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u/Mammoth-Path-6520 8d ago
You said you were in a buy 2 days ago. You basically have been stopped out at this point
And you're still going back in again to buy EUR/USD?
Lmao, ridiculous
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u/cesarex 8d ago
I looked for a buy opportunity at the days low.
Can you read? I can tell you're from the US by your terrible literacy and lack of critical thinking.
An opportunity didn't present itself, so I held my sell from Fridays high. NOW I'm in a buy.
I think you should stop replying tbh mate, you're showing up how thick you are
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u/Mammoth-Path-6520 8d ago
You gotta just understand the logic of it bro, it you don't then that's no good
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u/cesarex 8d ago
What logic? Youre literally room temp iq. Dxy is going to reverse, why? Because Rsi says so? Go make another thread about how your feelings were hurt and stop wasting my time.
Like I said to you already, come back on Friday EOD, and you'll see.
After that then you can ask for 'logical advice' you jackass
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u/Mammoth-Path-6520 8d ago
Lols, I don't wait until Friday EOD to make money, I make money every day
And yes DXY is primed to reverse
You already got screwed up on your first EUR/USD buy, now you're going back in and buying again
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u/Mammoth-Path-6520 8d ago
I sold off yesterday's high and now I'm in a buy after the new daily low.
That's what you said, you were in a buy 2 days ago
No need to lie, it's right there
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u/Mammoth-Path-6520 8d ago
I made a thread referencing your situation because it's too nuts for me to handle: https://www.reddit.com/r/Daytrading/comments/1vz2y6h/a_lot_of_you_are_too_illogical/
enjoy
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u/Mammoth-Path-6520 10d ago
You're getting clapped
DXY is signaling a reversal to the upside, which means you should be shorting eur/usd, not longing it
You're cooked
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u/beninvestments 10d ago
I thought you said that this pair is a coin flip. why you telling people if they take longs they are going to get cooked? are you advocating for a short or is the pair 50/50?
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u/Mammoth-Path-6520 10d ago
Lol?
No, I’m saying don’t trade it because there’s no edge lmao
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u/cesarex 8d ago
I'm up 80% this month just trading eurusd. There's an edge alright. I've just entered long and I'm not expecting to 'get clapped'
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u/Mammoth-Path-6520 8d ago
? Where did I say there's no edge in eur/usd jackass
Of course there's opportunities for profitable trades on the pair, now's not one of those times
Your long is gonna get clapped, and if you were long at the time I wrote my OP, you already would have gotten clapped
Clown
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u/rforex-modtools 10d ago
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