Good morning traders,
this is my up to date view on the EUR/USD on the 4-hour chart with next setups:
http://www.forexfactory.com/attachme...1&d=1359548340
Scenario 1 of the setup provided yesterday's played out nicely. Congrats to those who took the trade! The larger intermediate trading plan is unfolding as anticipated and I think we are now in the B2-leg of this move into the 1.3850 or higher level.
Yesterday's extension setup worked. Price never moved below 1.3408 level indicated and brought price to 1.3510 (1st target) and then 1.3560 (2nd target) as anticipated. Now we could see a shallow retracement.
But we are setup for a continuation of the current move, after a shallow retracement. There are only two areas this market can retrace to: the closer area is 1.3530; a deeper retracement could bring price into the 1.3495 area.
I could identify two corresponding scenarios shown hereunder:
Scenario 1. A shallow retracement could bring price into the 1.3530 area of support. Long here with a stop below 1.3515. Targets are at 1.3590 (1st) and 1.3610-15 (2nd).
Scenario 2. Price deeps below 1.3515 and corrects all the way into the 1.3495-1.3500 area where bulls could and probably will come in. Long here with a stop below 1.3470. Targets at 1.3600 (1st) and 1.3660 (2nd)
Hope you can profit from this info.
Have a great day.
"markets traded by pr
this is my up to date view on the EUR/USD on the 4-hour chart with next setups:
http://www.forexfactory.com/attachme...1&d=1359548340
Scenario 1 of the setup provided yesterday's played out nicely. Congrats to those who took the trade! The larger intermediate trading plan is unfolding as anticipated and I think we are now in the B2-leg of this move into the 1.3850 or higher level.
Yesterday's extension setup worked. Price never moved below 1.3408 level indicated and brought price to 1.3510 (1st target) and then 1.3560 (2nd target) as anticipated. Now we could see a shallow retracement.
But we are setup for a continuation of the current move, after a shallow retracement. There are only two areas this market can retrace to: the closer area is 1.3530; a deeper retracement could bring price into the 1.3495 area.
I could identify two corresponding scenarios shown hereunder:
Scenario 1. A shallow retracement could bring price into the 1.3530 area of support. Long here with a stop below 1.3515. Targets are at 1.3590 (1st) and 1.3610-15 (2nd).
Scenario 2. Price deeps below 1.3515 and corrects all the way into the 1.3495-1.3500 area where bulls could and probably will come in. Long here with a stop below 1.3470. Targets at 1.3600 (1st) and 1.3660 (2nd)
Hope you can profit from this info.
Have a great day.
"markets traded by pr
"markets traded by programs/HFT offer a significant trading edge..."