EURUSD

hit it baby all positions closed... going for a short at 5600 and every 50 above... no longs for today and tomorrow...

I see the first resistance at 1.56OO

Same fibbo as the other night pipmac. This time it should really hold. I shorted at 1.5570 - looking for 1.5500 when it heads back to the bottom fibbo. I could be wrong again though.

Wish I had listened to the fibbo yesterday and longed at the bottom Was risky though.

hmm..seems to be going perfectly in trend. Next target is 1.5586, once broken then next is 1.5661.

*bear with me FF doesn't allow me to arrange the order of the charts so I'll clarify here*


1) Chart 1 is the analysis of asia session it was all choppy consolidation but the price's move towards the 200ma an upwards breakup is imminent. *PS the ellipse on chart 1 is the data cut from FXSol's data feed yesterday all is well, no lost profits or anything.

2) chart 2 is about the downward drift of the eur/usd towards the 50% of the fibs from here a reversal was imminent and a squeeze was coming into play, you can call this an descending channel/flag/wedge whatever it still has the aspects of an upward break.

3) chart 3 is supposed to follow chart 4 but this chart is the sector break between the range of 1.5550~1.5573 within the range of time between 0230-0645 AM EST

4) chart 4 as you can see is the chart that precedes 3 and an imminent breakup was bound to happen (which it did) due to the high trend reading of the ADX and the +PDI

5) chart 5 is the predecesor of chart 7 in which it projects the potential targets and in which time one can expect it to be hit. the green sector is where the price is expected to go next towards 1.5586 time given is till 0645AM EST the red sector is a possible retrace and correction, to the same time period of the green sector, now the yellow sector target is a long shot, however a longer range of time given would allow it to hit the target 1.5645 possibly by today @ 1515PM EST

6) chart 6 is supposed to go after 4 and this one shows the present strong uptrend a +39 reading is very strong for ADX so we shall see if it holds up

7) chart 7 shows possible resistance to a breakup to 1.5586 thus all one can do is give it time to play out it's course. I am sitting on this as of now finishing up this analyses.


*If one thing is certain... it is that nothing is certain in the markets.*


If you like what you see come visit my Journals I welcome any constructive criticism.



cheers.

-FXC

First of all, I would do something about your font size. Horrible to read that stuff.

you happy now? good.

Im tempted to add another long at 15555

already added another position, tight stop so if it goes wrong oh well.

2) I can't see descending triangle, flag nor wedge on chart two. You meant chart 1 ? No particular price-pattern their either unless I'm missing something.

5) Possible, as long as rate is trading above 4h TL.

I've added .5650 as possible resistance-area on 4h chart. Round number combined with previous high. I call this a healthy uptrend as long as we are trading above .5470 and forming (soon?) new highs and lower lows.

First signs of weakening trend would be a break of 4h TL along with .5470 area.

yeah i meant part of part 1 in chart 2 and that there was a downward drift and reversal. i didn't get to quite put it into words correctly since i was flying all over the place typing that up, good catch on that one. I should have drawn it out but it's past data now so it's all good.

if any of you were tempted to go long at 1.5550, it's paying off

Yes, I added another position.

US Consumer Confidence mostlikely will be a bad number so ill be damned if it's good. that's another possible +50 jump on the eur/usd, then again we shall see. hold on to the positions and lock the profits you get until it's 10 am est, 5 more hrs. could we afford to take a nap...? haha

Could be possible we are seeing a head and sholder on 1h . I might be wrong

ya,,New Home Sales....most likly to be the bad one too!!!

E/U was in Bull since last week..Monday was the trap!!!

Anyway.,,,I trade what I see, not what I think!!



sonic

yeah, monday sucked. but here's chart that says future might be bright.

i take a little nap and I miss a dip to 1.5547 WTF lol i'm not sleeping now..well im trying not to arrrghhhh@! hahaa

Another test of the 1.5568 level we're killing off the shorts 1 by 1. matter of time when we break through that.