EURUSD only

More bears now ...wow, very interesting!!!

Who let the bears out ......

Guys, preopen we have:

EUR/USD:
- bearish flag
- fake Asia breakout
- double squeeze play

USDX- on support
EURX - on resistance
JPYX - on support

all happening around a technical level, right before London Open.

Fundamental driving factors for EUR/USD:
- Bonds still crumbling down, getting slaughterd
- Treasuries peak new highs
- shakes in Stocks
- Gold on drop after rangebreakout
means: --> Money flows into cash > USD

And here is how to trade this intraday
It can not get more precise than this, for a technical trader.

With less volune pull the pair up in tokyo session and wait for scapegoat to enter and screw them. .

bearish strong now

adding more shorts ...can you see the chart guys?!?! more bears!

Heavy accumulation started on EU, as yesterday and today the market is engaged in a lot of buying... I wouldn't be surprised if EU starts bouncing back from here...

I will buy every good dip today. I'm not selling this, not at all.

The main problem in EU is the gold outlook... Gold outlook is very bearish, and it might go all the way down.. So, I will not try to make any assumptions on where EU is going. Rather wait and see and check if EU has started upward trend. Its a very tough time to trade indeed....

pit stop at 1.1781'ish - final stop dbl btm with 1.1760 - all imo..be surprised if it turned back

http://i.imgur.com/wI40zpz.png

BEAR TGTs on:

H1 - .1820 (Now Resistance), .1746 and .1627 as supports.
D1 - .1826 (Now Resistance), .1425 and .0775 as supports.

Below - intraday M5 chart and TGTs

Here is my thinking. Stophunts all the way through from Frankfurt and London open and Asia close. If they left price towards the Asia high at London open my thinking is that they want to drive price down, This was not to be, They broke the Asia low, hence my thoughts are that they could be looking at driving price up. Opened my first long with a tight stop just below todays low...

Cheers Leon

Oh, see that 2B on M1, M5 ? ....bull trampoline?

Marking 1.1792 as crucial low on H1... as long as no H1 candle CLOSES below it I am looking for buy setups today.. if I see a close even after having a buy trade open I would try to close with BE or minimal loss and continue selling but as long as that doesn't happen I would stay long..

Good luck to all..

Stay Green

Rise to 1.1855, followed by fall to 1.1760.

My thoughts.

Ps - there are much easier pairs to trade than EU at the moment, in my opinion!

Short SL
Bought 1825 (20pps)