EURUSD

Testing to make sure they aren't about to sell into demand?

daily says pair is consolidating , i am still on long buy with target above 1.50 , market will try it

shorted from 1.4947,targetting 1.4810-06 area.but chickened out at 1.4860 due to long lower tails.i will wait to long at area 1.4806 should any reversal candles appear. till then happy pippin' guys,no peepin'

All timeframes below the weekly are in red territory.

This is what i still see.Still tending to explore lorwer parts of my body.Sorry chart

Two D1 candle analysis:

oops look like the "I" of "IB" became the candle wick.

its about supply and demand. when everyone is bullish and already in.. their is nobody to push it higher. so bulls take profit some become bears some buy gold. each time we go back and forth and top fails more pull out.. the ones in at the top are left holding the bag.

excuse my ignorance but what does that mean?

cheers

Do you think taht we rech 1.4830 1.4810 before NY open or Unemployment Claims at 14:30? thx

commodity pairs will suffer the most and kiwi is the weaker compared to aud and cad... but its more volitile..

This is What I see going on with this pair

Almost every market in red.S&P Future is up 0,10%

Hot on the heels of much worse-than-expected public finances figures, the [OECD] unsurprisingly says the UK will need to come up with a concrete plan to tackle the growing budget deficit. Announcing more ambitious fiscal consolidation plans and supporting them with a strong fiscal framework will strengthen the recovery according to the Paris based organisation. While the UK Treasury is seeking to reassure markets that the deficit is still on course to meet this year's projected rise in borrowing to Gbp 175bn (this fiscal year), we suspect the govt could overshoot given weak tax receipts and high expenditure on welfare benefits. The govt has also tried to appease investors with the proposed introduction of a Fiscal Responsibility Plan which envisages a halving of the deficit over the next four years though we would add that previous fiscal rules (PM Brown's own) have been broken/smashed in the past.

Hourly close below yesterday open!

Im short from 4940.... but the lower yellow TL is making me a bit nervous that it may find its bottom here before hitting my target of 4825...... tightening SL just in case

Short 1.4962.

Profiting on the way down - 1.4944, 1.4929 and 1.4863, still have 25% of that trade open.

Do not be greedy, but do not be stupid too.

IB - inside bar. It is a candle formation that shows indecision in the market and possible change in trend. Search Forex Factory for it.

okay, sounds like plan.

ca-ching!

green line (Gann line is below or above this daily depends on is it 4053 or 4856.So if we close below that line tommorow i wait for retrace and new sell.If not.....
It is moving like a bridge in England.I have a cartoon on my platforma