EUR/USD (4H): the price is now in a downtrend and forms a lower high.
Soon we may see a continuation of the trend towards the 1.06800 area
Soon we may see a continuation of the trend towards the 1.06800 area
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Disliked{quote} I find so too, ranging still , slightly shifted up from yesterday. Now in Today's new lows, tip-toing in yesterday's highs... both side's moves still soooo shallow and choppy. It could go on like this for a while still, but like you, I also think it will get on the move soon. buy stop 08073 TP7!Ignored
DislikedSo many bulls that want to see EU up today, I guess I should protect my position here and get ready for a next possible entry if that one busts!Ignored
Disliked{quote} For your style of trading this is great. Good times for you Tostadito!Ignored
DislikedSo many bulls that want to see EU up today, I guess I should protect my position here and get ready for a next possible entry if that one busts!Ignored
Disliked{quote} I find so too, ranging still , slightly shifted up from yesterday. Now in Today's new lows, tip-toing in yesterday's highs... both side's moves still soooo shallow and choppy. It could go on like this for a while still, but like you, I also think it will get on the move soon. buy stop 08073 TP7!Ignored
Disliked{quote}It is indeed. Always good times actually ! Would be extra good if the day could end like yesterday. Zero buy stops left = not much managing = more micro-scalping ! Today is very similar in terms of timing and buy stops still waiting to get triggered, right now still so high, back to 14 buy stops waiting Thankfully, still in Ranging Heaven, so another move to the mid-highs at least, is probably in the works. Would be good if bears don't shift those ranging levels downp...Ignored
Disliked{quote} Short again 0826 till 0819, some for hedge Long at 0791 - 0795Ignored
Disliked{quote}Very well done my friend. In murky waters(indecision/choppy/sideways/or as I prefer it, Ranging Heaven), in lows is a great place to close a short, and in highs, a long. Or just tighten our SL and perhaps there will be a pleasant surprise. {quote}+7! Now back deep enough in today's range, without going too low = less chance of a new low, bingo (big news time completely erases all of the above)!!Ignored
DislikedImo it could be a dangerous zone for the buyers. There isn't much support left on the weekly chart for about a 200 pip drop and with added momentum potentially further. Possibly a rising channel forming but little else (rising channel is also a bearish outlook but may give the bulls a temporary reprieve). If we enter the red zone it appears to be open water for the trend. At the moment we still balance on top of it but the ice is getting thinner. {image}Ignored
Disliked{quote} Definitely another pop to clear some stops. For me the big buying starts at 1.0730-00, I think it will go lower but not without a sizeable bounce.Ignored
Disliked{quote} Just well for me, it's easy to fish a short position nowdays at EU instead you deserve more credit, buying in short timeframes in this market is very hard, well done.Ignored
Disliked{quote} And I would be so happy to buy along your side! It's actually not that far away. On the other hand, I treat June's breakout level for the 20some days 400+pips and new high, where price is right now(in its highs (07 being its lows)), as a barrier. So the lower price is in this level, the more the chances it will break. But again, much could happen in between. This might be bears limit, like during last two main corrections, and early 07 might not be reached. But if it does, and with a great countertrend setup + immediately followed...Ignored