EURUSD

https://forexfore.blog/2018/03/10/th...rades-10-2018/
practical knowledge hand me down

As follows from the latest data of the CFTC, in the week before March 6 in speculative positioning in the foreign exchange market were, in general, barely noticeable. In anticipation of news from Washington about tariffs, traders preferred to close both long and short positions in major currencies, as a result of which the net dollar value for the dollar remained almost unchanged, remaining at $ 13.7 billion.

Speculators slightly reduced the net long position on the CAD, and the threat of US protectionist measures almost did not affect the bulls in CAD and only stimulated the bears to open a small number of new shorts.

The stability of the bullish sentiment of speculators in the Mexican peso in these circumstances is simply astounding given the rather large volume of net long.

The most notable changes in the positioning of the currency "safe haven", such as the yen and the franc, where speculators quite actively closed short positions. Demand for this assets in the face of growing uncertainty did not pass and in the gold.

The volume of net long euros has changed little, remaining at a historically high level of more than $ 20 billion, despite the fact that due to the large profit differential of European and American long-term EURUSD purposes it is quite expensive.

Pound positioning is becoming less bullish and increasingly neutral.

And without that, the small volume of the net long position for the Aussies was reduced by one third, and positioning in the Kiwi was almost complete.

1 min chart Asian session

selling points:

- 61.8% fibo rejection @ 148.21
- 1-2-3 reversal pattern
- only a few strong bear candles vs previously bull candles to reach breakout point...

hence, it is a sell signal

selling at current levels 147.7x

SL 148.22

TP 147.20

good luck

update: plan changed...

GBPJPY reversed and bounced within 1 hour finding March 1 resistance turned support around 147.45

close out all sell orders

re-enter long position

targetting Asian high at 148.21, then move SL to BE,

and try target 148.54 (last Friday's NY session high)

hold your buy with sl at today's asian low

The USD index started the week on the left foot as EUR/USD recovers somewhat following the Thursday ECB meeting drop and is now sitting in a tight band above 1.2300.

Option expiries of note for today's 15:00 GMT:
EUR/USD: 1.2250 (0.8 BLN), 1.2275-95 (1.6 BLN), 1.2330-50 (1.5 BLN), 1.2400-25 (0.6 BLN), 1.2475 (1.1 BLN), 1.2550 (1.1 BLN).

Seems like it will play in the range of 1.2275 up to 1.2350 until 15:00 GMT.

Still holding my old 1/3 position short open toward 1.2115 and other short position toward 1.1780.

A double top that had tested the neckline and retraced to find a lower high to break the neckline again and form the double top with an objective of 1.1880?

So many bearish divergences from m1 to h4...going short 1,233x for 1,228x first, 1,224x and 1,218x if we can head there

EURUSD for today

EURUSD for today

Still open yesterday long !

looking for more going up !

Check again dude, its the pound

EUR/USD remains in a tight band above 1.2300, and with a key Fib still limiting dips below the handle (1.2266), while the 30 DMA (1.2350) provides a near term cap.

Let us see what the US Consumer Price Index for February brings to the table later today.

Option expiries of note for today's 15:00 GMT:
EUR/USD: 1.2200 (0.7 BLN).

Still holding my old 1/3 position short open toward 1.2115 and other short position toward 1.1780.

Yes, thanks

Close my long +80 pips !

Still running...

Today no more news for EUR/USD. Possible to see pullback to 1.232

After a rise from the bottom of the uptrend, the RSI almost reached the level of 70. This fact indicates that there will probably be another wave up, with a peak of about 1.2400. After that, there will be a decrease to 1.2320 again.
The general trend of movement between the levels of 1.2515 and 1.2210 remains. If the level of 1.2400 is not broken, I tend to decline to 1.2210 in the next week.

Ready to short at 1.2408.

Green pips to all.