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  • EUR/USD Technicals – S/T Bears Banished But It’s No Bullish Wonderland

    From marketpulse.com

    Are bulls back in play again? Despite early bearish push on Boxing Day, prices recovered rather quickly, pushing above Christmas Eve's closing level during early European hours. The rally then was was certainly inexplicable considering that all the major European trading centres are closed, and there weren't any major news being reported either. Hence, this bullish push could be classified under "holiday volatility" where price just move in seemingly random fashion without strong directional follow-through. Considering that the bullish push didn't manage to stay above 1.37 not to mention the recent swing high of ... (full story)

60 pips straight up during Asian session. Classic end of year profiteering.
We get a 4hr bar close above this immediate descending TL, then it looks like "Wonderland" to me.

http://www.forexfactory.com/showthread.php?p=7175968#post7175968

Love the headline though, very "catchy"

Come with me if you want to live....
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market pulse needs to ask whoever did tjhe buying why they did it.
Fundamentally speaking, it should retract down pretty soon. The bullish moves have been on relatively low volume and right now the market is experiencing some post-holiday illiquidity. Before taking any mid-long term long trades, you have to ask yourself, do you really think the pair will surpass it's pre-taper price?
Quoting Ill-b-back
We get a 4hr bar close above this immediate descending TL, then it looks like "Wonderland" to me.

http://www.forexfactory.com/showthre...68#post7175968

Love the headline though, very "catchy"

Welcome to Wonderland
Come with me if you want to live....
Yeh what is the deal with eur/usd sigh lol fml

Edit: I didn't see all the Japanese data released damn
No news wish there was answer
Even the worst trade can close with profit. Just give it time.
I didn't see this 100pip move coming therefore I didn't get 1pip of it,glad I got out of my short before the holiday break LOL

Anyway I'm still bearish until high get's taken out and looking for red H1 close to enter short with stop above high but I dough it will happen by the look of pa!
It's made a higher high, lets see if it goes down.
I'm now bullish looking for buy on pullback up to 1.3956
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Youno is right - this is an upthrust, and will really be evident if price falls back to 1.3825.

If not for quick profits, taking longs now is not wise.

This is both year-end profiteering AND stop hunting - taking short stops out, and setting up small punters to go long, only to have price quickly reverse on them later on.
lol.....

Wonderland is high on something...
Come with me if you want to live....
1,3887? Maybe futhrer trainig is warranted for analyst Mingze Wu. Its simply a continuation of the 4 hour trend lasting since early November
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  • Posted: Dec 26, 2013 10:31pm
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 13  /  Views: 8,914