What he said! ;-) @cheersdup, I am not going long right now - there is still some dollar strength left (we haven't even reached the trendline and the 61.8% fibo), and the reversal won't be instantaneous. The reversal might take all the way to ...

A look at the big picture is better than a thousand words. Within a few months we should have a sweet ride north.

Fake pin bars aren't relevant here - the conditions for the pin bar have been met - including the tail sticking out to a new high from the bullish correction trend.

The sharp bullish correction in EUR/USD might have come to an end - the daily chart shows a bearish pin bar (a.k.a. rejection candle). Not the strongest or the most beautiful pin bar - candle body isn't too small, but the minimum conditions are met. ...

Shorting opportunities for GBP/USD: Small volume - starting now (daily PP, 1.5613) More confident volume - @ 1.5638 (weekly PP) Very confident volume - @ 1.5660/1.5670 Stop - 1.5715 Target - 1.545x-1.546x Expected holding time - within the current ...

Has the Swiss Central Bank intervened in wrong pairs? Or exactly the right ones from their point of view

@Goldflake, EUR/GBP might stop its ascend and go down on tomorrow GDP and at the weekly pivot of 0.7963 I have a short order at 0.7963, stop loss 10 pips above, target 0.7915

EUR-USD, 4-hr chart: I see formation of a flag since November 6. It may be bearish continuation pennant or a turnaround for a correction within the daily bearish trend. On the EU GDP numbers I expect the flag to be broken decisively. If GDP results ...

I consider my target achieved, shorts closed within 5 pips of the daily S1. Further down move isn't guaranteed, and I don't see signals for a turnaround.

I wouldn't say it is oversold at all - it falls nicely in a long-term trend (8-hr chart scale). The bottom trend line should provide support. We had been held at the weekly S1 pivot (1.5759) - that's why the temporary delay. I call for the daily S1 ...

1.5794, to be precise. This is weekly S2.

This does not sound right. If you enter a trade and set a stop-loss (1.5930), there must be a reason according to your strategy for both choices: the entry, and the stop-loss. Not just 40 pips lower, but a level that cancels your initial forecast. ...

Earlier GBP/USD broke through the side channel, 1.5950 support and plunged all the way to the weekly S1, made a beautiful turnaround and retested the daily central pivot. That was a great shorting opportunity. My stop loss is at 1.6042, take-profit ...

The new daily pivot sits at 1.2782. The price might not necessarily visit such a depth (would love to have that buying opportunity). The likely destination before the trend north continues is mid-point between the daily PP (1.2782) and the day's ...

@Kgp, I have a moderately bullish view at this moment. Moderately meaning slow trend upwards towards 1.2910 Next day's central pivot point will sit at the infamous 1.277x area! It definitely warrants a revisit there, at least half the way from new ...

Here is what happened today - technically: Previously, PA was stuck between the two weekly levels - 1.2640 and 1.2774 During the hysterical rush to 1.2880 earlier today that whole candle found itself outside of the Bollinger Band on the 1-hr chart - ...

It's some nonsense speech - at the opening of the European Cultural Days 2014 in Frankfurt, organized by ECB. blah-blah that has no speculative value unless someone asks Mario the right question

The daily R2 level is at 1.2817 - that's why it stopped a couple pips shy from there. There is nothing significant at 1.2825 - if it gets that far, most likely it will continue straight through