well, current small ranging suggest me the worst scenario - it could end up in a broadening triangle pattern
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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedI am glad it worked out good for you, but I wouldnt be sitting in that tradeIgnored
Dislikedif data was really bad for dollar, euro should already shoot to 1.33 by now.Ignored
Dislikedvery bad ? we've seen worse
Wait for another EU messed up news..and you will see 1,3100 before your 1,3300Ignored
Dislikedis its me,or some1 see the same as i Do? ( the news wasnt good for dollar as many from here expected,so basically, it should go up? )Attachment
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Dislikedhave to correct myself,If US data would be that bad why euro keeps cooming back towards 1.30xx.
Answer is the Europe has even more troubles now then ever,and so far its EU=USIgnored
DislikedI don't agree man, please note:
- News were not so bad
- News do not actually matter a lot. sometimes bad news can actually increase the currency for risk avversion.
- although we might expect a slight pull up for simple retracement I keep my bearish sentiment toward the Eur for the next year
- peace
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DislikedThis just looks like a rising wedge to me now, higher highs and higher lows after a steep drop are evidence of a downward continuation signal.
http://www.babypips.com/school/image...tion-after.pngIgnored
DislikedMy current analysis is more based on what i would do if i was abig dog.
there will be stops below 3200 now by traders expecting up move there will be stops at below 3180,3160.
All they have to do it trigger them and the stops will do the rest .
I base this on the fact that the market markers brokers big dogs all know were our stops are or were we will likely exit in a sudden move .
Trigger em and buy em back at 3100.
Its something i am watching for but if it happens it will be quick entered a 1/3 position at 3250 in anticipation and monitoring....Ignored
Dislikedwell, i did say "if" . eu does'nt react much to the previous news.
1.317x level has been defended since early this month. Can it hold? i'm not sure, but will sell if price goes below it.
i'm flat at the moment. its also a position.Ignored
DislikedMy bad, i didn't see your 'if'.
Indeed the 1,3160-80 area has been defended for days..a lot of buyers were there at that time.
But i'd say that today the analysis is different...there is no buying pressure for the moment, i only see short covering (probably cause of Spanish auction this morning and Brussels meeting later).
So based on that if we go back to that area it should be broken for good this time, sharks are no more accumulating like they did a few days ago...
Time will tell.Ignored