EURUSD

New highs are not materializing on MACD or CCI, anothe bearish divergence, but I am not getting in front of this. I will wait for weakness. Might need to wait until 1.40 for short

morning every one

Waiting to see if we re-affirm the top of the channel. If so, going short back down into the 1.36 range.

dollar getting weaker huh

I learned a valuable lesson early in my trading carreer. NEVER, trade against 2 star formations especially when they are on both the 4 Hr and the Daily. Its like getting run over by a freight train while sitting in a Volkswagon.

MK

I have pending short @ 3707

what do you think guys ?

Had difficulty pulling the trigger when the cycle switched to long 40 pips ago...

What makes you want to short from there?

TP hit 100 pips 1.3693

bearish diversion on the 15m chart

and price target of two A,B,C formations

BADA BOOM!!!! Well done!

Could work. I was looking at 1.3727 as viable short area...that's the top of the up-channel...kind of

db whats your sl and target from 3707

I've got stopped out of my shorts, but if this is going to come down 1.3716 is agood area to look at, and I will re-enter a short below there, when I get a signal.

It first needs to go up further to test the 1.3716.

HAPPY !

sl 3720

target hoping reversal 3670 first target

my short got activated

I am short now @ 3707 as I said

Tested the line twice. M15 RSI showing oversold. Looking for a reversal.

They got all the repairs done on the lower floors and you jumper off the elevator early.......

the main target is still above 1.3780

do not close ur positions earlier. from yesterday from my technical analysis I have got near 300 pips from eur in waves 3 and 5. I ececpt more as I said.

Someone asked about 1.3720. In my oponion this resistance is not very important. Yesterday morning when we were at1.3440 I explained that why the only powerfull resistant is 1.3650. Check it again mate.

For guys who are not in Long position I dont advice to take it now. What I can say: around 1.3780 search for Sell target. THIS SELL CAN BE VERY PROFITABLE.

I was waiting for it for several weeks and it will start soon.

ps) sometimes wave 5 does not touch the target exactly so use candle trailind above 1.3700