EURUSD

No luck tonight again. Missed limit order for few pips

[quote=mercy seat;4428838]http://www.forexfactory.com/images/attach/pdf.gif 2011-02-25_08h21_European Forex Technicals - GBP Suffering Vs EUR, USD.pdf (9.1 KB)



European Forex Technicals: GBP Suffering Vs EUR, USD
25 Feb 2011, 08:21

By Francis Bray (TRADING Central)
The Dow Jones Newswires Technical Analysis Partner




Intraday EUR/USD: further gains for the euro are expected towards the Feb. 2 reaction high at 1.3862. The wave equality target at 1.3824 has been keeping the underlying tone positive and the 1.3862 peak marks the highest point of a recently completed bull flag/wedge pattern on the daily chart. The positive wave structure of the strong recovery off Tuesday's 1.3525 low creates scope for the 1.4000 area in the coming sessions. Corrective downside risk is limited to Thursday's low at 1.3704.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: the corrective recovery off 81.62 is likely to be short-lived and limited to the 82.50 area. Resistance at 82.32 will look to protect 82.50 and prompt a return to the 81.62 low, which is close to crucial support at 81.50. The support line of an effective four-month bear pennant consolidation pattern lies at 81.50, which is protecting the Feb. 4 reaction low at 81.10.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: Thursday's failure to force a break through the key 1.6277/1.6298 resistance area will concern GBP bulls. Action since the Feb. 3 reaction high at 1.6277 can be confined within a bullish continuation pattern, although this means there would be scope for a return to the Feb. 11 reaction low at 1.5964 on a break below 1.6075. Regaining ground above 1.6211 is required to bring the focus back onto the 1.6277/1.6298 resistance area.

Weekly chart GBP/USD trend: Bullish.



Intraday USD/CHF: the downtrend into fresh all-time lows is expected to continue and a break below Thursday's low at 0.9229 is eyed. A seven-week bear pennant continuation pattern has been completed and there is scope for a downwave equality target at 0.9182. However, a deeper target lies at 0.9010, which is achievable next week. Solid resistance lies at 0.9355, which is protected by 0.9329.

Weekly chart USD/CHF trend: Bearish.




I do post this today again ... as I see that many of us are not able to see what the market wants to give us ...

Those who are looking for reliable information ... should have a chance to get some ... mehr kann ich nicht tun ... it's up to you ... I have not got soo much time for Plapperei ...

At least there are only very few here who are working with success and with a system that is based on real experience that could work for you as well ...

That's why ... nennt es wie ihr es wollt ... aber sitzt nicht lange in einer falschen Fankurve herum ... don't waste your time ... trade in stead of ... einen schönen Tag wünsche ich ...

palim palim

Good job >>>>>>>>>> every day reminders for traders that whats going on to strengthen the views for the right path and to warn the opposites ?>

could be.. bigger eyes then mine watch it.

i wonder what is palim palim is that your name?

hey guys, whats your idea about what i see ?

Is this a case of what cant go down, must go up?

Apparently seems so but think it not, follow eu ultimately .if eu can able breaks 3861 gu may break 6273 not any far from 6298 which correspond eu 4281 weekly tf . gu more advanced in the bull & so usd not any strong with gbp.in gu chart there chances of retracement seeing towards 5795 as per pa but not believe yet , may break directly up.
so if gu now go for those levels to test then eu may go 3933- 4048-4281 in no time & all possible as eu bull intact. long eu there & now long gu added to see ..lets see .
fontu

it comes from a german comedian called Dieter Hallervorden ....



check out 0:50-0:54 ^^

Nice Analysis my friend, not because i also share that view but because thats just what the supply and demand picture in the Euro shows, and as in all markets, its all about supply and demand. Somehow when trading the markets, the crowd forgets about common business principles and instead put their gambling hats on and as you said build fanclubs. Anyway, all dips are buying opportunities and this will not change in 2011. Good trades to you.

bulls will have to do better holding short

and that means....

its first target is 2716

go short

nothing ofc ^^

Looks like it. 2nd attempt to break 1.382x but this time London is on the game. Time to long intraday right now. I am opening one very small with very small risk but not the best odds as it wasn't a proper retrace. r:r is more than enough... we'll see

sisse

That's exactly what is bothering me. I know Intraday long is pretty solid at this time but I would be far happier loading up after a proper retrace.


PS: You don't have to sign off each post with your name, we know who's post it is :-)

After they take profit.. YES .. for sure..

me either

still looking for a good bull candle through my zone...otherwise I have a possible short trigger around 3809 if we fail up here, again with a good bear candle...still flat now...