EURUSD

a lot of shorts covering after the definite TL break..

Same view of you, [email protected] can be a good test...

Nothing to worry..attractive prices attract short sellers.

But i am not averaging my shorts here..holding one from 1.3680 levels.

EURO-DOLLAR: Extends to $1.3777, with next band of resistance/offers
between $1.3780/90 moving within touching distance. Traders note that
E700mln 1-week $1.3900 euro calls have been transacted, adding to the
upside push.

Provided by: Market News International

Low Risk entry on Pre-Momentum Reversal opportunity.
Market Profile stretched. Minimum reward back to equilibrium.

EURUSD bullish pattern has been confirmed right now, as the price managed to break significant 1.374 level. That means, that at least bullish wave 3 has to be finished in the following pair of trading sessions.

On 30min chart a detailed view on wave 3 is shown. Its start is marked with firebrick arrow, right now 3rd part of it is forming. Possibly its length will be 161.8% comparing to wave 1 of 3.

After it’ll be completed, we should await another uptrend move, and it will mean only the completing of 3rd bullish wave, after that we’ll seethe fifth one. So the bullish momentum for EU is rather strong.

2 charts are attached in the signature link

That is where key average on weekly is & it got pushed back from it hard last time Euro was selling off & bounced

Traders note that a US investment bank is recommending long EUR/USD possie. Target 1.4500, stop 1.3500. Will help explain part of the rally this morning. Take it for what you will. It’s one bank’s research departments’ opinion.


from forexlive

The soucer formation, from my post at 4.03 is now completed.

Long EUR USD was covered at 13775.
Good luck,

well done wish I had the balls to hold on to my long from this morning, but experience will get me there...

I don't know how many of you watch 4hr bars, but we need to close at highs...if we give it all back, this run will be for nothing, and shorts will pile on like mad.

big

Daily TL needs at least one close above to confirm.

G-Man

my chart give me to stay in this trend , its strong and getting stronger.
and if i closed now i don't know when I will jump back on the long side .

no closing on any chart for me so far.

for the 4h chart take fibo from the open and close of this bar and put your target at the 161% to collect the long

A short lived bull rally.

Hold your shorts in DD. No need to close them in loss.

not so nice

Keep an eye on monthly February bar, highly unlikely high will be breached.

Timing the market is quite challenging.

One day long green candle, another day red green candle...

possibly the current uptrend continues until 1.3825 in the short-term. It is brought according to fibo+elliott analysis, details are posted in the link below.

there could be a dip after this 4h candle close to 3750.

I will collect half position at the close of this candle

or at another thought . all positions