Mainly the 15 min but I look at the 4h and daily for confirmation. The double top that happened earlier on the 4h is way to not significant to consider on any timeframe today though.

Long — Can one of the longs explain to me why you went long? The double top to me said this thing was plummeting down. What were you looking at?

Scyang, It is definitely looking primed and ready for a solid move down. I am also looking at about 104 for the first take profit. I have been extremely patient with this one also, as I entered a little early about 29 hours ago when it was at 104.6. ...

And there you have it, a very solid down move, perfectly bouncing off the 4hour/daily trendline, and moving right back inside the weekly. This trade more than anything shows the importance of the technical side of trading such as trendlines and fib ...

Just because experienced traders say it is going down to 102, doesn't mean it will right that instant. If it was that easy a ton of people would be billionaires on that call right now because they put in their life savings because they knew it would ...

The trend is down on this pair everyone. It just reached the top of the 4hour and daily channels, and actually broke through the top of the weekly channel, but is already being sucked back in. The run up over the past few weeks was simply because it ...

man these run ups are powerful

how much do you guys think this gbp news will affect the e/u?

you think this heads past where it just dropped? cuz it still seems to be fighting to go north

Wow 30 pips back up in 5 mins, it completely redid that entire drop

how does this just randomly shoot 40 pips up?

Um...I was obviously talking about the fact that it hadn't broken above at the close of the bar....and the funny thing is it ended up NOT closing above so I hope no one lost anything on that trade

not broken yet

what was that a picture of? it isnt showing up...also where do you guys see this thing headed right now?

i agree it is looking bearish for a few hundred pips, it seems like it is slowly going up and getting ready for another big fall.

what are everyone's feelings on this pair right now? should the rate cut send this up or down? market is extremely indecisive right now...

do you guys think this will head north because of the rate cut?

lol why do you think it will go up? the trend is down, and I don't even think it will hit that top of that channel before hit 95

life is hard wow thanks for that helpful answer...that long was from analysis early this morning by karmo and someone else...I was just trying to figure out what caused this to go down

oh wow....i had but in a long earlier with a tp at 207 then went to school...anyone know what happened? I thought we had a clear shot to 207 and instead it launches down?