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- EDG replied Jan 14, 2020
It takes great effort to reverse a trend quickly espec if one is entrenched for quite a while...short of a major news event that drive the mkt into frenzy. However...for a small group of traders..espec one with deep pockets and with relatively quiet ...
- EDG replied Jan 14, 2020
Bottom looks heavy.. gotta see which level the currently hourly bar close at.
- EDG replied Jan 14, 2020
Near term..price need to close above 1.2930 to show upside potential and with a further surge upwards to close successfully above 1.3030 for a full potential u-turn. Failing to do so will see price test the low of 1.2960 and further down to around ...
- EDG replied Jan 14, 2020
hourly..aud seems to be testing the upside though the 4 hourly still shows border line slightly below line bordering the upside
- EDG replied Jan 13, 2020
imho ...a close above 0.6995 may have potential for upside while a close below 0.6880 will see it testing 0.6865
- EDG replied Apr 29, 2015
cable likely to keep up its momentum although at 155 even level would most likely pose a challenge. Forsee traders would tp or short at that level. How deep the sell off will eventually decide if cable can continue upwards or stall. This can only be ...
- EDG replied Apr 29, 2015
a break below 13080 could bring eurjpy to test support at 12950
- EDG replied Apr 29, 2015
Given the strong momentum buildup so far..it would not be surprising if cable test the 1.55 region. Near term support 15250 should hold otherwise we could be looking at 15150 critical support which if broken may cause the tide to turn.
- EDG replied Apr 24, 2015
imho i feel if 15070 remains the support....the downside for cable could be limited.
- EDG replied Nov 4, 2014
if theres any consolation...the trend atm still bullish...so you may still stand a chance...and if the upcoming news favors you...it may move your way much sooner. Of course..there is another side of the coin..to contend with...
- EDG replied Nov 4, 2014
take a look at eurgbp..i see a possibility of the pair inching up north....possible .target 0.7870....pls note this is just an opinion. I have no control over how it will move..
- EDG replied Nov 3, 2014
thats the reason why i feel it is difficult to trade using fundamentals...you won't know how the mkt movers will react to the news..same outcome may turn the mkt in different way. Personally..i am all for technicals...becos they act as pointers to ...
- EDG replied Nov 3, 2014
nothing special....I am just a trader doing my thing...like everyone else here......
- EDG replied Nov 3, 2014
cable still on track to inch higher
- EDG replied Nov 3, 2014
eur was pretty much firm yesterday...consolidating trading within a narrow range most of the time around 12480 - 12500 region. I feel it may just break away and move upwards today...possibly towards 12580 area. This is just my own view... and i may ...
- EDG replied Nov 3, 2014
Hopefully green pips to you...nobody can know for sure how the mkt will play out. Will just have to see how it moves as the day goes.
- EDG replied Nov 3, 2014
Looks like the usdjpy rapid recovery upwards yesterday fell short. Atm it will need to break above 11380 in order to regain its yesterday upward momentum. While overall trend may still be bullish....how deep it retraces will likely affect its ...
- EDG replied Nov 3, 2014
You may be right...Most likely profit taking in the works...need to see what happens after the selling died down...
- EDG replied Nov 3, 2014
11400 target taken out by the spike. objective met.
- EDG replied Nov 3, 2014
hourly chart for cable seem a lttle feeble though the 4hourly still looks firm.