Trades based on Market Geometry and Price Action

lower can be hit. but i believe a small correction of +- 30 pips will be in place before further movements. and i doubt it gonna appear anywhere soon within this 3 hours. so i exited @ 1.4400, pocketed it and wait for another entry. at the same time, im looking at eurcad. so gonna keep some monitoring first.

I hate it when it retreats like this, have to wait it out I guess

right .. I don t like it either´ ...tempting to short it around 1.4460

thats a tough level to reach. i will enter next short at 14445, 14450 which will be easier to hit as well. perhaps in the next 2 bars or so.

well done

Is DK missing all the fun? Probably riding a bike again

thanks. it was all thanks to those who participated in this thread. tonight gonna be a good good night !

Don't wait to long entering, the train is leaving soon

i hit the target for this week actually. so anything more is additional. and besides, im actually kinda bullish of the market now. so personally i felt that the retracement should be coming to an end.

Next thursday a rate hike of .25% for Euro is calculated in the market. Now we have depreciation of Portugal, so maybe the rate hike is not a solid case, guess what happens then. The growing uncertainty is killing the Euro at the moment till Thursday. Euro looks weak to me. It's still trapped in the triangle and has just barely touched 38.2 retracement from last uprise. 50 % will at least be reached in this case and possibly even further. Sorry for the fundamentals in this technical topic.

those are helpful info as well. maybe a confirmation from the movements of bar will further weaken my beliefs of the market. anyway thanks. im being so pessimist of this market mainly due to last week where tons of fake signals were given. off to get some sleep. and decision in 2 hours. good luck everyone !

Hi

Anyone else shorting GBPCHF?

rgds

ive been looking to buy it

almost time to buy au?

yes i will buy aud.usd

i will buy the aud.usd at 1.0723 sl=1.0653 tp1=1.0800 tp2=1.0950

buy the gbp.usd at 1.6078 sl=1.5980 tp1=1.6170 tp2=1.6220

whats your take on gb ch dk

i closed a part of my eur/cad trade. the move is not trustworhty...

shorteur/gbp at 0.9880 sl=0.8994 tp=0.8960