Euro find support at 1.1875, Usd/Chf unable to stay above 1.1585, Euro aiming at 1.2023.I am long euro to 1.2014. Good luck to me and you all. My first trade for the week
Attachment 487341
Attachment 487341
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
Stopped out after moving my stops 40 pips from my entry, first trade for the week (winner), focusing on second entry. next will be Usd/chf on retracement. Euro still looking at 1.2023 area, good luck to you all. You must know main support and resistance before entering a trade. look at your weekly and daily char .
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
Gbp/Usd- strong support at 1.42 area and between 1.4340-1.4370, resistance now at 1.4550 area as indicated by the green line, closing above will lead to 1.4580 to 1.4616.
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
Eur/usd at resistance point 1.2044, the high point we have to watch for is 1.2068-1.2091 which should provide strong resistance, if able to stay above 1.2091 next target should be 1.2135-1.2150 area. to the down side look for 1.1985-1.1993 to provide support.
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
What you see on the 4hour chart are the monthly pivot, Red color represent pivot point, green is support pink is resistance, the numbers are the most accurate pivot points we have to watch, i have been using this for a long time and they very accurate.Left side represent the anticipated next pivot points.
4H chart with weekly pivot points
Monthly pivot points
4H chart with weekly pivot points
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
Eur/usd moving up nicely, hitting target after target
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
Gbp has hit most of the up targets, went high to 1.4643, my target was 1.4616, next we have to watch for for the of 1.4550-1.4524 to continue the yp move, breaking under will lead to 1.4380, breaking under will confirm the down move to 1.4330 and 1.4227.
I have been long in the euro since last night, I entered at 1.1993 when the market moved to higher above my entry moved my stops 10pips above my entry, Euro reached up to 1.2087 my target is 1.2091. good luck to all. Just remember every pip count because we trade currency.
I have been long in the euro since last night, I entered at 1.1993 when the market moved to higher above my entry moved my stops 10pips above my entry, Euro reached up to 1.2087 my target is 1.2091. good luck to all. Just remember every pip count because we trade currency.
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
Last week the recover up to 1.2152, now the two areas we have to look for are 1.2179 and 1.2235 which are the next targets for the euro. 1.2040 is a solid support 1.2090 is minor support, The Euro must stay above 1.2091 to continue the move to 1.2179 and 1.2235.
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
On Friday Eg has confirmed support at 110.30 area after hitting 111.38 high, next area for Ej will be 111.75 which is the next resistance area, if able to break above 111.75 the next target will be 112.75 ( daily chart ).Ej must stay above 110.90 to continue the up move
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
1.4550 is must hold for Gbp/Usd to continue the move to the upside recovery to 1.49 area, First line of resistance on the weekly chart at 1.47.68. Under 1.4445 will open the the door to 1.418 and 1.3967 which represent first line of support on the weekly chart, Daily chart area to watch 1.4565, 1.4687 and 1.4777 to the up side, to the down side watch for 1.4520, 1.4350, 1.4303 which will act as Support
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
111.75 has been reached. Watch for 111.88 to 111.97 next
- | Commercial Member | Joined Jan 2010 | 5,509 Posts
As I indicated yesterday, Ej daily chart was long up 112.75, today it has been reached, for EJ to stay on long we must stay above111.75- 111.91 and higher. under 111.75 look for 111.45 and 111.0800
