oooppppsss...what a speeche by trichet..look..market down from 2749 to 2744..what a big drop as i expected
![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=14.0)
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DislikedHere is my Chart in M30, and as you can see we are in UPtrend in Intraday and the Current TLDW as broken. A close day above 1,2730/35 put us in a UPTREND in Medium/Long Term, This is my oppinion, obvious i could be wrongIgnored
DislikedThanks for the advice. I set a TP at 1.2712. Seems a bit ambitious but my reasons for doing so:
1) 4HR timeframe, the middle bollinger band has acted as support for the past few bars.
2) I have a daily pivot around that level 1.2710/12.
3) Potential weekend squaring-off of LONG positions.
Would definitely take your advice and observe PA around 1.2748/50 as well as 1.2730 as those were breakout levels.
Currently Trichet is speaking and liquidity in the market has spiked to 17%>average according to FF's feature (the whole day it has been...Ignored
DislikedWas busy trying to crop my screenshots and also removing some lines from my chart.
Shorted at 1.27655, SL locked-in at 62 (BE +3.5) since this is a short-term counter-trend trade.
TP yet to input, although 1.2748, 1.2728, 1.2716 are potential targets. Will probably observe PA first (feeling slightly greedy)
Reason for trade:
1) 1.2762/4 has been some line to me (yesterday's high) on Daily timeframe.
2) Some upper long wicks seen on 15 mins timeframe.
Chances of being stopped out is high but since SL already locked-in...Ignored
DislikedI am not saying you are wrong in your UPTREND analysis, but as you can see on the 30M chart (drag it a little so you see the moves better) we need to reach a low for the trendline to bounce back to the levels around 1.2820-25, do you understand what I mean? Thats why I said you should short until 1.2730... and then around that area or even lower (I have 1.2721) go LONG.
Also looking at the chart now it seems like I was right in my prediction as we are closing in on the trendline lows.Ignored
DislikedI am eagerly waiting for the comments of Trichet. This guy is making me impatient.
Anyone here who know how I can get an update?Ignored
DislikedI am eagerly waiting for the comments of Trichet. This guy is making me impatient.
Anyone here who know how I can get an update?Ignored
Dislikedit says it wants to go there. 2783.. we will see. im just scalpingIgnored
DislikedOne pending long activated at last at 2680 close at top & shorted again for 2749/33 perhaps or low if works.
fontuIgnored
DislikedExcellent analysis. I'm also expecting bulls to try and force a higher high for the week by retesting the weekly pivot. 12763-79 area should be a very solid bull fence though, so I find it likely that the price will reverse somewhere around this area causing straight downward movement with 12665 as immediate tp and/or more ranging/consolidation. Should 12780 be clearly breached it will mean bull movement. Now we just have to wait and see, market will tell.Ignored