EURUSD

If that's your late July/early August chart, let's not go there.

.... so here I am again to post at least a pair of Daily posts.

15m Bullish Divergence!
15m Down channel.
Flip a Coin!

I am a Medium Term Euro Bullish, with this Monthly Target as 1.3227, but a possible high in consecutive 3/4 Months.
Long Term I am Bearish, probably I am the few one that believes we can see the Parity or near it before start to see the True Trend reversal.
Monthly Gann has no more time to decide, we started the month so wait a lot of noise as usual lately until the end.
I am not waiting to see 2/3 Green daily Candles in a row this Month, so if volatility remains we can expect step channels.

There are here at forum some traders that I respect a lot, they are saying that price most drop first to 1.16 to go to 1.37, I see the opposite.

If they are right so this only means that I am wrong!

I see a triangle this week:
Range: 1.3227/1.2554
Most probable range : 1.3100/1.2554

take care and keep MM under control.
Mike

At PP, this could be where it heads back down, watch PA and for close below 881

Nice one, exactly where I just entered short...

this environment is not condoning to any positions to be held for the longer term at all. I miss the no news days where technical analysis only applied. Currently the CEO's or former CEO's of Freddie/Fannie testifying before congress. We can go any direction at any time which makes bias difficult to be determined.

Conclusion: scalping is king today as well..at least for now (like my 6pip 20second scalp just now haha)

I'm in at 882, stop 10 pips away to allow for wiggle factor

Wheres your stop, mine has just been hit

Mine been hit almost directly...minor loss..

DJI proves much stronger then expected in early hours...

I assume if the triangle at 960 or thereabouts breaks this thing is gonna fly?

ranging ranging ranging....
no trade today

I'm looking for a pullback to 885 before entering long....

on days like today when there is major news going on like the current testimonies the market is in standby mode. We see this through the stock market which is pretty much where it opened..we see this through a dinstinct range in eur/usd (draw fibs from yesterdays high to current low..youll see we did not go past 61.8%). In otherwords...there is no reason to even go that high yet..not until the news is out of the way or something is said/done that is quite dramatic...just my 2cents

has to break 3080 with steam before im convinced. if it stalls before im looking for a short. 3067 should be the first area to slow it down..

10wk average pivot
pp 1.2784
m3 1.2895
r1 1.3006
m4 1.3148
r2 1.3289

Long at 900, lets see where it goes tonight

If the djia and EURUSD correlation still close. Will it goes higher? The market still optimist with Czar bailout today. I think that's why DJI is still bullish today.

Btw, I heard about playboy CEO who will be replaced. Does playboy need bailout too ?

Too much to fast. Not sure this market will hold tomorrow, might have better reentry.

Good luck

au/nzd setting up for a embro long.. might want to keep an eye on it today and next few days (hours). longer term has to break yesterdays resistance with steam.. after that 650+ potential. just my 2 cents and no sence

market and oil down, yet usd sells continue...very interesting.

The picture here could be of H & S with target in 1.2700 area.......

Maybe the 'decoupling' has finally begun? - lol - good head scratcher though.

SeerEye