As for me I buy on dips as usual once it closed above weekly pivot and showed bouncy properties.
Edit: Added chart
Edit: Added chart
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedLOL, A woman of her word... respectable
I tried sushi my first time actually on my Florida trip at Breakers. Figured that's the place to try it, eh?Ignored
DislikedStaying on the sidelines for this pair until it forms some trend in either direction. The pin bar on the Daily chart looks extremely lethal.Ignored
DislikedAre there any Candlestick traders following this thread and what are your observations of the candlesticks on the daily graphs?Ignored
ONDON – Goldessential.com – Mar 12 – 8.06GMT
Following are comments on the technicals of the global most commonly traded currencies.
* EUR/USD: "Violation of $1.5313 support threatens bull, but only a break of $1.5142 would undermine the broader up-trend. Resistance at $1.5496."
* GBP/USD:"Constructive above $1.9975, with our focus on $2.0221."
* USD/JPY: "Heavy below 104.19 yen, with pressure on 101.42."
DislikedI'm short @ 1.5326. Going with a 50 pip T/P, but I believe there is potential to hit strong former resistance @ 1.5230.
Downward sloping 24 SMA on 3-hour chart
A lot of volatility, to be honest I think one could earn 50 pips either way with a large stop.
EDIT: Also, 1.5330 (former support) acting as resistance (FOR NOW)
We'll see how it goes.Ignored
well Major rend still Bull, but Daily chart sounds like making a Top and we have nice pinbar. I will go short only once market wil break weekly pivot. target will be 1.5230-40 area here we have good cluster if broken 2nd target will be 1.5178-60 area...well all depends on market where it can lead us. we have Bull planed we have bear planed now let the market make its direction.
My 4h Indicators still Bull..we have minor resistance at 1.5388.. i am just waiting aside that when it will break weekly pivot or previous Highs to go short or long. right now market is ranging.Ignored