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Spider's Den

And the target on NZDUSD has been hit. ALso, stay away from EURUSD at the moment. Yesterday there were some nasty spikes. I think we could see those spikes until the situation is resolved.
AUDUSD has been making bearish zig zag after it was rejected from 0.7850. If we get a retracement above the trendline we could possibly have 2 spots for new shorts. First POC ( 50.0, DPP, previous breakout ) comes in 0.7780-90 zone while next surge of sellers could show at POC2 ( 61.8, near term historical sellers, pin bar rejection ) around 0.7810. 0.7850 double top needs to hold for this setup to be valid, and the targets for the move are 0.7740, 0.7725 and ONLY 4h close or momentum breakout below 0.7720 will target 0.7650.

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Nervous price action on EURUSD, market is heavily guided bu Greece situation. Be patient.
Hi guys, a friend just sent me the Compiled list of important events in Greece- TIMELINE OF KEY EVENTS.

- Jun 23 Eurozone Finance Ministers meet in Brussels
- Jun 23 ECB to review Greek bank ELA?
- Jun 24 Euro Working Group (EWG) meets for talks on Greece
- Jun 24 ECB Governing Council non-monetary policy meeting - ELA review
- Jun 25 Eurogroup meeting?
- Jun 25/26 EU Leaders Summit
- End June Greece to pay E1.5bln public-sector wages and pensions
- Jun 30 Greece to pay E1.6bln IMF bundled payment for June
- Jun 30 Greece's EU programme extension ends
- Jul 01 ECB Governing Council non-monetary policy meeting
- Jul 10 Greece T-bill redemption for E2bln
- Jul 13 Greece to pay IMF loan E467mln
- Jul 15 Greece to pay E200mln mid-month public-sector wages and pensions
- Jul 16 ECB Governing Council meeting, press conference in Frankfurt
- Jul 17 Greece T-bill redemption for E1bln
- Jul 20 Greek to repay E3.6bln to ECB/EIB in bond repayments
- Jul 31 Moody's may publish update on Greece sovereign ratings
- End July Greece to pay E1.5bln public-sector wages and pensions
- Aug 07 Greece T-bill redemption for E1bln
- Aug 15 Greece to pay E200mln mid-month public-sector wages and pensions
- Aug 20 Greek to repay E3.4bln to ECB/EIB in bond repayments.
NZDUSD is perfectly following the trend, meeting all the targets we have previously discussed. Fundamentally Flash PMI rose by 0.2 % from the forecast ( 49.6 from 49.4 forecast) The expectations see RBNZ to further cut the rates which are putting additional weight to the pair.
Technically the pair is too low to position trade safely now, so I would rather wait for a retracement. We can see that the pair is making a valid bearish ZIGZAG pattern which is a sign of a stron bearish trend. POC comes at 0.6960-6970 ( Retail Gap trendline, H4, 50.0 ) but we can also mark 0.6930 as a possible retest zone ( H3, DPP, 38.2). 0.7000 levels should hold and 0.6750 is the target.
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Hey, [email protected]!
How would you comment on EURUSD today? Cuz I am planning to go for short position
Quoting nolimitz
Hey, [email protected]! How would you comment on EURUSD today? Cuz I am planning to go for short position
Hi Nolimitz!

EURUSD has been tanked by Greece and FED's possible rate hike in September. Selling Pullbacks toward 1.1200 look fruitful at the moment. If 1.1136 breaks and we have 4h close below it, 1.1085 is next.
Eurusd important pivots point for today: ( Based on GMT+3 AM platform which corresponds to NY )

Pivot point: 1.1204
RESISTANCE: SUPPORT:
mid pivot 1: 1.1239 mid pivot : 1.1166

resistance 1: 1.1274 support 1: 1.1128

mid pivot 2: 1.1312 mid pivot2: 1.1093

resistance 2: 1.1350 support 2: 1.1058

mid pivot 3 : 1.1385 mid pivot 3: 1.1020

resistance 3: 1.1419 support 3: 1.0982
US Q1 GDP third reading came as expected ( -0.2 % vs - 0.2 %) and USD is getting some love again. After the news has been published USDCAD managed to break the trend line and it is moving in a bullish zig zag. POC which stands at 1.2300 ( L3, previous swing breakout, 50.0 ) marked the bullish breakout of the pair which started at 1.2280 ( L4, 61.8). So the zone which has been identified as 1.2280-1.2300 should provide bounces towards 1.2370 and 1.2400. Only if the pair breaks 1.2250 it could return to neutral to bearish territory.

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USDCAD 1st target reached!
Here is the accurate pivot point table for today - GBPUSD
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The market is ranging, NZDUSD is the pair we should sell the rallies into for positional trading. Short scalps on GBPUSD
GBPUSD pivot points

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After some good movements of EURUSD during previous months , June has mostly been very choppy for EURUSD pair. Greece vs EU is all over this pair and that has been reflected also on charts where positional trading has been futile.
Still taking some fundamental facts and possible solution, aligning it with technical analysis, we could spot a bearish consolidation around 1.1200 zone. Having dropped from 1.1400 levels to 1.1200 levels points to conclusion that a relief rally fade could be the option. 1.1235 (38.2, H4, previous swing h/l) and 1.1270 (H5, 50.0) could be the spots for a short trade but stops should be kept around 1.1310 just in case. targets should be 1.1165-50 where the break of the level leads to 1.1120 followed by 1.1090.
For any trades taken on this pair, recommended risk should be 0.5 % as the EUR has been mostly governed by carry trades and bond markets throughout the summer which has been adding to technical and fundamental misalignment

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Quoting [email protected]
After some good movements of EURUSD during previous months , June has mostly been very choppy for EURUSD pair. Greece vs EU is all over this pair and that has been reflected also on charts where positional trading has been futile. Still taking some fundamental facts and possible solution, aligning it with technical analysis, we could spot a bearish consolidation around 1.1200 zone. Having dropped from 1.1400 levels to 1.1200 levels points to conclusion that a relief rally fade could be the option. 1.1235 (38.2, H4, previous swing h/l) and 1.1270...
All targets hit. EURUSD gapping down, finally due to technical and fundamental alignment. I advise closing all short positions and waiting till LO opens .
thanks on the open i have close all green pibs T
should have meet you before men ; )
market will be crazy iŽll satay out for a few days ; )
be calm be patient and logic
Quoting guguxpto
thanks on the open i have close all green pibs T should have meet you before men ; ) market will be crazy ill satay out for a few days ; )
You are welcome! I am glad that you made money!
Interesting to read during this volatility : Britain's oldest first-time mother, 57, gave cash to man she met online thinking it was being invested in her daughter's future


http://www.dailymail.co.uk/news/arti...-s-future.html
AUDUSD has broken through the weekly trend line support and currently it is retracing towards possible rejection zone. POC comes at 0.7680-90 ( H3, 61.8, trend line, near term sellers ) but we also need to pay attention to any close below the level. The pair has closed "retail gap" after the weekend volatility caused by Greece/EUzone negotiations and it has reached 0.7585 where it has made a spinning top/master candle rejecting the support for further retracement to the upside. POC zone could reject the price towards next support - 0.7620 while the momentum break ( with stop grab ) or H4 close below 0.7585 should target 0.7540.

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Quoting [email protected]
AUDUSD has broken through the weekly trend line support and currently it is retracing towards possible rejection zone. POC comes at 0.7680-90 ( H3, 61.8, trend line, near term sellers ) but we also need to pay attention to any close below the level. The pair has closed "retail gap" after the weekend volatility caused by Greece/EUzone negotiations and it has reached 0.7585 where it has made a spinning top/master candle rejecting the support for further retracement to the upside. POC zone could reject the price towards next support - 0.7620 while...
+30 pip rejection currently
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