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  • #9,341
  • Jan 15, 2018 3:12pm Jan 15, 2018 3:12pm
The last price on this week 1.2356
  • #9,342
  • Jan 15, 2018 5:09pm Jan 15, 2018 5:09pm
Appearing like a 2240 test is under way ,,,,possibly open up down to last weeks high if its successful ,it did drop out of the channel.
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  • #9,343
  • Jan 15, 2018 9:19pm Jan 15, 2018 9:19pm
Possible lift to 1.2320-1.2350+...
  • #9,344
  • Jan 15, 2018 10:40pm Jan 15, 2018 10:40pm
4 hour still on for a buy i think high potential for a new high today
Along with 1 hour
  • #9,345
  • Jan 15, 2018 10:48pm Jan 15, 2018 10:48pm
It's a skyrocketing thing, a spike, ...what techs?!
And still, I guess people are waiting for a substantial correction to buy more ...or to sell an overstretched situation. Bulls and bears ll'never be friends lol

IMO, the question is, where is that significant correction?

Ok, here's my view:
See 161.8% expansion on Daily, 1.2317 as a possible resistance to start a correction.
Also Weekly_R1 zone @1.2277 - heavily tested lately - can work as a cap to start a correction.

Supports to buy for more could be like: 1.2220 (Monthly_R2), 1.2187 (Weekly_Mid), 1.2088

In situations like that, it's also a good thing to check the historical levels. Weekly and Daily can make sense.

Have a good trading day, you all!
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Member
  • #9,346
  • Jan 15, 2018 10:58pm Jan 15, 2018 10:58pm
Quoting TudorIoan
It's a skyrocketing thing, a spike, ...what techs?! And still, I guess people are waiting for a substantial correction to buy more ...or to sell an overstretched situation. Bulls and bears ll'never be friends lol IMO, the question is, where is that significant correction? Ok, here's my view: See 161.8% expansion on Daily, 1.2317 as a possible resistance to start a correction. Also Weekly_R1 zone @1.2277 - heavily tested lately - can work as a cap to start a correction. Supports to buy for more could be like: 1.2220 (Monthly_R2), 1.2187 (Weekly_Mid),...
I have a old support level at 1.2253 taken from the Daily as its all i could work off when i was looking for resistance levels, its holding nice on both my 4 hour and 1 hour.
I had a bullish bias despite price action throwing me around to bearish sentiment i stay intact with my bias until my swing low to HH is broke.
Gives me more confidence for a long here.
Chart on 4 hour at begning of asian sesh told me this was a pullback, that was confirmed by the consolodation on my 1 hour currently and now ive got resistance turned support.
Just looking for a nice entry on london.
I do think we will see a new high today or tomorrow but again i could be wrong the market will do what its got to do.
  • #9,347
  • Jan 15, 2018 11:05pm Jan 15, 2018 11:05pm
Quoting Neil0163
{quote} I have a old support level at 1.2253 taken from the Daily as its all i could work off when i was looking for resistance levels, its holding nice on both my 4 hour and 1 hour. I had a bullish bias despite price action throwing me around to bearish sentiment i stay intact with my bias until my swing low to HH is broke. Gives me more confidence for a long here. Chart on 4 hour at begning of asian sesh told me this was a pullback, that was confirmed by the consolodation on my 1 hour currently and now ive got resistance turned support. Just looking...
Nice analysis.
The last significant pull back (correction) I can see is on D1 1.1925-45 zone.
From that zone EUR/USD rallied through 1.2088 to some eventually Fibo expansions like 138.2%, 161.8%..
I think (technically) is reasonable to expect a new significant correction soon.
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Member
  • #9,348
  • Jan 15, 2018 11:08pm Jan 15, 2018 11:08pm
Target 1.25 ish hopefully if I don't get stopped out.
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  • #9,349
  • Jan 15, 2018 11:12pm Jan 15, 2018 11:12pm
Well that soon backfired lol im out of tune with the markets
  • #9,350
  • Jan 15, 2018 11:14pm Jan 15, 2018 11:14pm
Here we go.
  • #9,351
  • Jan 15, 2018 11:17pm Jan 15, 2018 11:17pm
Stillnot broke my low though,
Look for retracment and a entry short if it does
  • #9,352
  • Jan 15, 2018 11:23pm Jan 15, 2018 11:23pm
Quoting TudorIoan
It's a skyrocketing thing, a spike, ...what techs?! And still, I guess people are waiting for a substantial correction to buy more ...or to sell an overstretched situation. Bulls and bears ll'never be friends lol IMO, the question is, where is that significant correction? Supports to buy for more could be like: 1.2220 (Monthly_R2), 1.2187 (Weekly_Mid){image}
Gee, what a bear spike! That little correction was quick! The way for 1.2800 is clear ...kiddin'
Attached Image
Member
  • #9,353
  • Jan 15, 2018 11:26pm Jan 15, 2018 11:26pm
Quoting TudorIoan
Gee, what a bear spike! That little correction was quick! The way for 1.2800 is clear ...kiddin' {image}
Still could be on for my sentiment of new high today or tommorow, got to keepto my rules the urge to short is unreal!!
  • #9,354
  • Jan 15, 2018 11:26pm Jan 15, 2018 11:26pm
Good for long from that point.
  • #9,355
  • Jan 15, 2018 11:29pm Jan 15, 2018 11:29pm
Quoting altzspec
Good for long from that point.
Quoting Neil0163
{quote} Still could be on for my sentiment of new high today or tommorow, got to keepto my rules the urge to short is unreal!!
Yes, guys. The long term direction is still bullish IMO
Member
  • #9,356
  • Jan 15, 2018 11:29pm Jan 15, 2018 11:29pm
Quoting mbrown
{quote} All I can write (I'll avoid thinking ) is my pitchfork is suggesting a minor pull back to 2240 then 2220 if 2240 doesn't hold. This doesn't cancel out the bull scenario but would cancel the pop to 2325 I was expecting.
Same old same!
  • #9,357
  • Jan 15, 2018 11:35pm Jan 15, 2018 11:35pm
Quoting TudorIoan
{quote} Gee, what a bear spike! That little correction was quick! The way for 1.2800 is clear ...kiddin' {image}
And here's the Frau Bear!
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Member
  • #9,358
  • Jan 15, 2018 11:37pm Jan 15, 2018 11:37pm
Quoting TudorIoan
{quote} And here's the Frau Bear! {image}
This was already posted about on the weekend though. Granted, it wasn't an official outcome, but surely everyone expected this...

I thought the german WPI did it?
  • #9,359
  • Jan 15, 2018 11:38pm Jan 15, 2018 11:38pm
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Currently at a nice long location but waiting for today's offer that can't be refused.

If price pulls back to the 2147 to 2177 range I'll look for long confirmations. If I enter at 2177 it will be with a SL 30SL (at 2167 with 20pip etc).

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Longs from 2235 should have SL at 2215 and consider PT @ 2333
  • #9,360
  • Jan 15, 2018 11:41pm Jan 15, 2018 11:41pm
Minor penant forming on M1 just above daily low.. continuation down?
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