Our original posts on the EUR/USD long analysis are attached. Here's an updated picture with the original levels still in place:
http://content.screencast.com/users/...83ea7/Euro.png
1.3070 - (Offers) WR1, DR2 TRIGGERED
1.3035 - (Offers) DR1, WM4, WPV TRIGGERED
1.2980 - (Bids) DPV, WPV, D9EMA, 4H9EMA
1.2950 - (Bids) W50EMA, DS1
Total: +35 pips
Note: Price never retraced to the bid zones. However, per our execution rules, we are allowed to execute into offer zones in the directional bias of our trades.
Yes, this is an update from December. We became extremely busy and had to take a break from posting. We will continue at a slow pace until further notice.
Please read our execution rules & risk disclaimer.
#FXFUSE
http://content.screencast.com/users/...83ea7/Euro.png
1.3070 - (Offers) WR1, DR2 TRIGGERED
1.3035 - (Offers) DR1, WM4, WPV TRIGGERED
1.2980 - (Bids) DPV, WPV, D9EMA, 4H9EMA
1.2950 - (Bids) W50EMA, DS1
Total: +35 pips
Note: Price never retraced to the bid zones. However, per our execution rules, we are allowed to execute into offer zones in the directional bias of our trades.
Yes, this is an update from December. We became extremely busy and had to take a break from posting. We will continue at a slow pace until further notice.
Please read our execution rules & risk disclaimer.
#FXFUSE
Dislikedhttp://content.screencast.com/users/...12-11_2013.png
Confluence
The below are key figures that were determined from multiple layers of indicators at a price point. Bids are support, while offers are resistance:
1.3070 - (Offers) WR1, DR2
1.3035 - (Offers) DR1, WM4, WPV
1.2980 - (Bids) DPV, WPV, D9EMA, 4H9EMA
1.2950 - (Bids) W50EMA, DS1
Strength
All of the below are measured in respect to the 1H9EMA:
DPV - Above
WPV - Above
MPV - Above
Daily...Ignored