Scalpers Prepare for the Next EURUSD Breakout

Scalpers Prepare for the Next EURUSD Breakout

From dailyfx.com

Prior to this week’s consolidation, the EURUSD has been making steady declines toward a series of lower lows. With the pair declining as much as 408 pips over the last month, this week’s consolidation has many short term scalpers believing that a fresh breakout is on the horizon. One way to prepare for this scenario is through utilizing a series of momentum analysis technique while identifying key pricing levels So is the EURUSD gearing up for its next breakout? Learn Forex –EURUSD Daily Trend (Created using FXCM’s Marketscope 2.0 charts) After the development of a strong trend price tends to halt and ... (full story)

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Comment #1
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Jun 5, 2014 2:28am Jun 5, 2014 2:28am

PaulAmbrose
| Joined Sep 2010 | Status: Member | 261 Comments

BUY EUR/USD……….Here comes the rocket fuel

Comment #2
Quote
Jun 5, 2014 2:45am Jun 5, 2014 2:45am

gstup
| Joined Feb 2013 | Status: Member | 9 Comments

Quoting PaulAmbrose

Disliked

BUY EUR/USD……….Here comes the rocket fuel

Ignored

Nope.

Comment #3
Quote
Jun 5, 2014 2:51am Jun 5, 2014 2:51am

asmadi78
Joined Oct 2012 | Status: Member | 794 Comments

Eurusd goes to the south more 5 hours from now..

Comment #4
Quote
Jun 5, 2014 3:24am Jun 5, 2014 3:24am

Rtm
Joined Jan 2011 | Status: dump and pump | 913 Comments

First price will grab some sell stops at the 3580, too easy!

All posts are my personal opinion

Comment #5
Quote
Jun 5, 2014 3:31am Jun 5, 2014 3:31am

Schminner
| Joined Jun 2007 | Status: Member | 180 Comments

Price will probably grab both sell/buy stops, then whipsaw the living shit out of it..... then sits around and does nothing again..

Comment #6
Quote
Jun 5, 2014 4:51am Jun 5, 2014 4:51am

reldas
| Joined May 2011 | Status: Member | 75 Comments

Quoting Schminner

Disliked

Price will probably grab both sell/buy stops, then whipsaw the living shit out of it..... then sits around and does nothing again..

Ignored

I reckon you are pretty near the truth Better to just wait and see at present until things settle a bit
Happy trading

Comment #7
Quote
Jun 5, 2014 4:58am Jun 5, 2014 4:58am

PaulAmbrose
| Joined Sep 2010 | Status: Member | 261 Comments

The past 8 hours of EUR/USD price action could be drawn as an ARROW POINTING UP with the words "GROWING MARKET FEAR" written across its side.

Now watch that fear exponentially grow as we approach the speech

Comment #8
Quote
Jun 5, 2014 8:03am Jun 5, 2014 8:03am

reldas
| Joined May 2011 | Status: Member | 75 Comments

Quoting reldas

Disliked

I reckon you are pretty near the truth Better to just wait and see at present until things settle a bit
Happy trading

Ignored

Schminner you were spot on A lot of burned trades for those in the market this morning on €/$ I suspect.
I nipped off 30 pips on £/Y this morning and left the market.
Done my day now
Happy trading

Story Stats

Posted: Jun 5, 2014 2:27am
Submitted by:
Newsstand

Category: Technical Analysis

Comments: 8 / Views: 5,962