EURUSD

Quoting TudorIoan

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{quote} What technical target do you set for the broadening wedges? ...flags, pennons?

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Quoting Samson85

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{quote} Yea NFP I predicted to be negative, so the euro could gain 150 pips, but then again it could fly back down as USA are likely to hike rates in December!!

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Quoting ZenNy

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{quote} HI Tud I do not have technical TP for patterns......prices moves between round numbers......I look at them as a TP.......if PA is weakening before the next RN is reached I take profits and reverse......always trail your SL beyond the latest swing.......sometime you can take 200 pips profit on 30 pips risk......look for them.....but it is difficult to sit tight......it becomes more easy when your account is growing....

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Quoting zaidan

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1.169 is the oversold area... in most of time frames areas between 1.167-1.168 are very strong to be taken without fundementals All these moves yesterday is just a reaction of usd higher treasury yeild Regards,

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Quoting Samson85

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The Euro is playing with my emotions. I have a limit buy at 1.73000

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Quoting TudorIoan

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{quote} Yea, I thought at smth simple and very technical for Flags, Wedges... like "channel trading" witch I use very often.. Is like determining a channel (parallel channel mostly) then entry when price hit the lower edge and set target at the crossing point of the upper edge with the vertical line rised from the entry point (and the RR 1:1 for the SL) {image}

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Quoting ZenNy

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{quote} price always alternate from trend (or spikes) to range.......a channel is in between the two....... a trend after a few TL break turns in to a channel....traders mostly will buy the TL and cover the CL (channel line)......when the channel weakens further traders will also sell CL and cover at TL.....then the weak channel becomes a range and fading both extremes with a strong reversal /a fail final flag/second entry is a reasonable trade......when channel are tight entering with stop orders is a losing game...best is to use limit orders..........

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Quoting vgyuszko

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Hy I wait the New York open to short {image}

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Quoting TudorIoan

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{quote} Not going for long, infinite, not ending channels. They don't exist. Just those kinda 3 points channels are profitable!

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Quoting mihai1986

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{quote} can you consider this as a channel? {image}

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Quoting mihai1986

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{quote} can you consider this as a channel? {image}

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Quoting TudorIoan

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{quote} Yes, I do. Very good! Don't let it go longer. Use it! Ok, take care though, don't play big in the NFP week!!! ...because political + macroeconomics bust any reasonable TA!

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Quoting mihai1986

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{quote} can you consider this as a channel? {image}

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Quoting mihai1986

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{quote} thinking of selling

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Quoting TudorIoan

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{quote} Sure. Obviously it's a bearish setup you got there! ...again, take care though, it's the NFP week ...any "surprise" can bust up your fine technical analysis!!!

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