EUR_USD Spot.png
weekly in cloud,BUT a BULLISH CROSS
the eur/lfx is pretty bullish, maybe we see break of this trendline today.
But best on my charts is eur/aud long
- #181
- Jun 26, 2009 12:10am Jun 26, 2009 12:10am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
the eur/lfx is pretty bullish, maybe we see break of this trendline today.
But best on my charts is eur/aud long
- #183
- Jun 26, 2009 12:16am Jun 26, 2009 12:16am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
we have a bearish cross for aud/jpy, lets see how this plays out.
- #185
- Jun 26, 2009 12:20am Jun 26, 2009 12:20am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
eur/gbp looks pretty bullish to me
- #186
- Jun 26, 2009 3:00am Jun 26, 2009 3:00am
- Joined Dec 2007 | Status: Trader | 1,964 Posts
maybe a bit ranging again and then we will see a weekly doji at 1,65 ?
baz
- #190
- Jul 1, 2009 12:16pm Jul 1, 2009 12:16pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
i will see how this TREND will end.....
but notice again,the CLOUDS were respected.....+100 pips were on the table..
GBP_USD Spot.png
I think most ranging problems for usd related currency pairs is the usd:
It is caught between this monthly 61.8 fibo level below, and the weekly cloud above. So which way to go ?
Ichimoku says: down, because we have just broken the cloud. This would mean: full retrace down to next 76.4 fibo level. On the other hand, price likes to sureprise traders, so we may break into the cloud to test the uper part of the cloud first. So nobody can say, but from ichimoku point of view:
- #191
- Jul 1, 2009 12:21pm Jul 1, 2009 12:21pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
my favorit trading situations are kumo break out trades, which appears here for eur/cad:
price break through the cloud retested it, and bounced.
I watched on 1 h chart candles and went long
price break through the cloud retested it, and bounced.
I watched on 1 h chart candles and went long
- #192
- Jul 1, 2009 12:34pm Jul 1, 2009 12:34pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
i will see how this TREND will end.....
but notice again,the CLOUDS were respected.....+100 pips were on the table..
GBP_USD Spot.png
From observation of mine 4 h chart sometimes work, somtimes not
But last month candle for GU is telling us, the power of buyers are dimishing, but what is point of view ichimoku:
On monthly we have taken tenkan sen, but for bulls there is serious next resistance the kijun sen, near the 61.8 fibo level (which coincident).
But weekly: Price has broken inside the cloud, and for bears: might test the lower part of the cloud as solid resistance, its a weekly resistance.
So this will be interisting, if we fall out of the cloud again, or just ranging around here a bit. Maybe you notice that we have broken a weekly trendline too
For daily the kijun sen is support.
If I think a bit about it, there are more arguments for the bulls, then the bears (on higher weekly/monthly timeframes).
- #193
- Jul 1, 2009 12:45pm Jul 1, 2009 12:45pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
eur/usd next, which is very interisting.
I observe next attack at the weekly upper part of the cloud, which is a weekly resistance, so this is a tough nut to crack. I will definetly not enter a trade here.
Notice the upper part of the cloud is flat, this means resistance is more easy to break compared with a cloud which has waves (is not flat).
The daily looks nice bullish, and might close above kijun sen.
But we have on daily a triangel breakout with target 1.4242 (fibo extension 127.2), so this is very very interisting: daily fibonachi against weekly kumo cloud, which will win ?
I observe next attack at the weekly upper part of the cloud, which is a weekly resistance, so this is a tough nut to crack. I will definetly not enter a trade here.
Notice the upper part of the cloud is flat, this means resistance is more easy to break compared with a cloud which has waves (is not flat).
The daily looks nice bullish, and might close above kijun sen.
But we have on daily a triangel breakout with target 1.4242 (fibo extension 127.2), so this is very very interisting: daily fibonachi against weekly kumo cloud, which will win ?
- #194
- Jul 1, 2009 12:55pm Jul 1, 2009 12:55pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Eur/lfx:
price has reached 127.2 fibo extension level of the last major bull run, plus 161.8 level of the last triangel break, but look, where 161.8 level of the bull runs is: it is near the upper part of the cloud.
So I`am in general bullish about the euro, but if not running higher then 2.56 retrace gives better entry for long.
lunch time
price has reached 127.2 fibo extension level of the last major bull run, plus 161.8 level of the last triangel break, but look, where 161.8 level of the bull runs is: it is near the upper part of the cloud.
So I`am in general bullish about the euro, but if not running higher then 2.56 retrace gives better entry for long.
lunch time
- #195
- Jul 1, 2009 12:59pm Jul 1, 2009 12:59pm
- Joined Dec 2007 | Status: Trader | 1,964 Posts
Eur/lfx:
price has reached 127.2 fibo extension level of the last major bull run, plus 161.8 level of the last triangel break, but look, where 161.8 level of the bull runs is: it is near the upper part of the cloud.
So I`am in general bullish about the euro, but if not running higher then 2.56 retrace gives better entry for long.
lunch time
Euro looks BULLISH to me,BUT tommorow,maybe watch Wimbledon, NFP and Intrest Rate Statement.....and the Usual from Trichet "" Price Stability "...blah blah blah
baz
- #196
- Jul 2, 2009 11:05am Jul 2, 2009 11:05am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Today was pretty exciting and successfull until now, so
Maybe we have had today an impulse wich will last a few days.
My eur/cad was stopped out + 1, but I will enter long again, if todays candle looks like a doji or hammer.
Maybe we have had today an impulse wich will last a few days.
My eur/cad was stopped out + 1, but I will enter long again, if todays candle looks like a doji or hammer.
- #198
- Jul 2, 2009 11:14am Jul 2, 2009 11:14am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
see, what happens for a currency if kijun sen is broken
