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Market condition

This is a discussion on Market condition within the Analytics and News forums, part of the Trading Forum category; So, if some trader opened sell for USDCHF - he did not make any mistake for example. I opened one ...

          
   
  1. #11
    Administrator newdigital's Avatar
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    So, if some trader opened sell for USDCHF - he did not make any mistake for example. I opened one hour ago

  2. #12
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    And the situation was changed for now - it is breakdown for USDCHF H1 on closed bar, and breakout for EURUSD H1 on open bar.

    Market condition-breakdownusdchf.gif


    Market condition-breakoutopenbar.gif

  3. #13
    Administrator newdigital's Avatar
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    This is ranging market condition for now - I am having the feeling that someone (some governments) are moving the market to "their right side" but the market does not want to

    Market condition-market_1.gif


    Market condition-market_2.gif

  4. #14
    Administrator newdigital's Avatar
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    Breakout may be going soon for EURUSD and breakdown (bearish breakout) for USDCHF - we can see it from those screenshots:

    Market condition-market_3.gif


    Market condition-market_4.gif

  5. #15
    Administrator newdigital's Avatar
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    This is ranging market condition for most majors so I can not continue with this new system for now The first version of this manual system with semi-manual EA so I will continue tomorrow (just for information).

  6. #16
    Administrator newdigital's Avatar
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    It is the flat for USDCHF and price is trying to be reversed for EURUSD with flat as well:

    Market condition-eurusd-h1-alpari-nz-limited.png


    Market condition-usdchf-h1-alpari-nz-limited-flat.png

  7. #17
    Administrator newdigital's Avatar
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    So, I did not select any pair to trade for this week sorry. I will do it tomorrow when the situation will be more understandable.

  8. #18
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    Hi Newdigital,

    Nice to see your forum.Congratulations for going on your own,I am sure you will make it a success.

    Allow me to write my 2 cents on EURUSD:

    I expect it to reach 1.3104,at a minimum,before a resumption of the downmove.
    Reasons:1-ABCD Projects 1.3104 ...2-Previous Resistance at 1.3106.
    Additionally,there is a nice downchannel withresistance around these levels for the next few days.

    SMarket condition-eurusdh4.jpg

  9. #19
    Administrator newdigital's Avatar
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    Nice to meed you Simba

  10. #20
    Administrator newdigital's Avatar
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    Yes, I opened buy order for EURUSD (using this Ichimoku Abraham Trend system) :

    Market condition-eurusd-h1-alpari-nz-limited-ichimoku-abraham-trend-system.jpg


    As I see from D1 chart - Chinkou Span (white line) is very near to be crossed with the price - it is indicating possible breakout somewhere in the end of the week for example:

    Market condition-eurusd-d1-alpari-nz-limited-possible-breakout-end-.jpg

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