Anyone notice the round bottom forming on daily for crude? Seems to be loosing momentum down and could support the euro this week if a breakout occurs.
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DislikedI guess there is need to be a bit watchful now.
I wish all a "green" account history!Ignored
DislikedI'm pretty sure this pattern has played out exactly before ( of course I can't find it!), with price heading due south from here. This should be good until 1.2200 as stated earlier. Might be a 50 pip gap down by Asian open, not so sure it will get filled before 1.2200 either.Ignored
DislikedI qoute one good site - Support at level 1.2590 and the pair will most likely be testing level of resistance 1.2850 rather than updating a next low. Other main pairs speak in favor of dollar's dropping for 200 pips during this week!
I guess there's no need to say this again!Ignored
DislikedBought @ 1.2595, target 1.2660, no stop for now, to fill up the gap from FridayIgnored
DislikedThat's a pretty risky trade right now, IMO. Gaps do usually get filled, but not always right away, and there's a decent chance of price heading much lower before closing the gap.Ignored
DislikedI know, but i'm pretty sure the gap will fill up this week, and if it goes really down I'll hedge.Ignored
DislikedYup no matter how many arrows are drawn pointing upward PA just seems to keep going down.Ignored
DislikedI know, but i'm pretty sure the gap will fill up this week, and if it goes really down I'll hedge.Ignored
DislikedThe big question is this. The EU crisis summit or what ever the heck they called it resulted with the Majors telling Eastern Europe they are on their own. What does this mean for the Euro?Ignored
DislikedI honestly don't see any other reason right now for going long other than the gap. The best for me is to stay short for now. 1.2200 still looks likely this week. As always, will be watching the 1-minute for any pullbacks, to make sure that they are just indeed a pullback and not a large reversal.Ignored
DislikedThe big question is this. The EU crisis summit or what ever the heck they called it resulted with the Majors telling Eastern Europe they are on their own. What does this mean for the Euro?Ignored
Dislikedbebop where are you short from again? I dont see any reason to go long other than some profit taking / oscillator reseting, moves up.
There are a couple of nice down trend lines oni the hourlies at 1.2713 and 1.2781. Obvioulsy they get lower with every hour that passes.
If I had stayed short over the weekened and I wish I had sigh (no stomach for that though) I would be ready to take profits, it could lindeed rally +100 pips plus.
I am not going long only waiting to short.Ignored