EURUSD

It is the tenkan sen kijun sen cross as highlighted below. I quite like ichimoku especially on 5min and 4h charts as long as price is not moving sideways.

hmm, maybe i was using the wrong colours...

I guess you just get used to what your comfortable with and have confidence in...

OMG. A tornado hit one mile from my home.

What a day.

I am still not convinced due to my trendline analysis that this trend is heading downwards.
The break of the 4050 region initially was a red flag to me that the downtrend is going to surpass the 3900 region and soon end up at the 3600 and 3700 region.

But the way the trendlines are laid out tell me a different story.

All that has happened is that the break of the 4050 region has landed itself on a stronger landing spot than before and the eye shaped structure shown will have another touch to the 4150 region to it.

There are 2 reasons that I believe that the break of 4050 is a false break and will quickly reverse, and that all comes from the way the price is behaving relative to the trendlines shown. I dont care at this point about Elliot Wave Analsis, because price first reacts to trendlines before it forms a elliot wave structure

Firstly whenever a major horizontal trendline which is acting as support, such as the 4050 line breaks, the break off these kind of levels travel far and fast on their initial attmept. If this was a authentic break, we should have seen 3900 very soon and even 3850. After such regions do break in the manner that I mentioned, then a revisit to the support region (namely 4050) happens. But what we have right now is a slight break of that level, and motion hanging around 4050. This is not good news for a bearish scenario

From my own trendline experience along the curved spaces, all I can see is that the lower limit of the dotted black line has been reached. The eye structure shown is a very very valid resistance area and the upper boundaries of it once broken will be the first hint that a long position is slowly taking shape.

added another at 35
bbl

Great trade, hit the target

[quote=KCV;4638900]OMG. A tornado hit one mile from my home.

What a day.

You have had quite a day, keep smiling, I live in Christchurch< NZ. I know the feeling

I am also long in EURUSD.... target 1.4110....
Good luck to all...
Regards...

>>Pulls out his magic trading hat<<

Hrmmmmmmm....

>>digs hand inside<<

First draw...says Short!

Second draw says, EU...

Aight...

Drop'n a deuce on Shorties here....

[quote=Coffeebuff;4638911] Christchurch, Man Should never happen again.

My prayers.

OneWay Ticket mate ? Still in BEAR skin ? GL!!!

haha, Archie, you called the bluff it seems... easy ride so far both ways though.

Figured daily roll as good as place as any for resistance...

AUDUSD hitting the 5m wall same time, figured thatd be worth a shot too....

Might yet get to daily support on EU before we start to climb again, and if not...pshhhhhhhhh


I swing both ways....that is, if both girls are hot!

lol, yeah just one of your yeti formations, figured at least below 4000...

what's up madge...

USDX!



Well...if only for the moment....

Back to typing with both hands, although, still a little odd....

How was the weekend Arch?

lol. Sellers are starting to show up again but currently pushing through.

good to hear that m...

quiet, just chilled with the hommies...

gotta catch some zzz's, catch up with you l8tr, have a good night...

could still happen, but got no inclination to hang around for it, catch you l8tr...

three options as i see it