EURUSD

60 MIN

Chance for short here, rejection of 23.6% from first down wave or 61.8% from the last wave and bearish div. But I want to see another rejection around 1.317xx level once more, and my MA is currently sitting at that lv. Beware, daily pivot @ 1.31410 would act as first support if it goes south.

Add: Also note the possibility of a falling wedge bullish pattern on H4. If price break the upper trend line then rejection at revisit/retest it also a good chance for long.

Summary: Hidden bearish div. on M15, Bearish div. on M5, currently testing fib 23.6% of the fist wave down or 61.8% from the last wave(good turning point), near the upper channel, near daily pivot @1.31410, possibility of a falling wedge reversal. Scenario: if the 1.317x level holds, good for short; if breached a possible retest as it was an important lv and a rejection could be a good long opportunity.

I entered at ~1.3080 today since it was yesterday's S2 daily pivot and there wasn't one for quite a while down with a stop at about 1.3155, since if it went much lower it would mean it would test the lows at 1.3030, due to the hourly still being up.

long 1.3175

There was also nice stoch divergence on the 10M chart. I have noticed the best is when all four stochs, the 8, 16, 32, and 128 are splayed apart with divergence showing.

That would be a good long entry, but if it was me I'll wait to confirm the break of upper channel line first(look at the attachment on my previous post).

hurmmm.... i see opportunities for selling....

peace.

Both are possible, currently we are at a very important level. PA need to confirm which scenario would came into play. Please take a look at my attachment on my previous post http://www.forexfactory.com/showthre...85#post5385385.

god bless that crazy man lol.. now the new fad is "linning" if any of you watch basketballl

LOL, that was an awesome interview!

Weekly pivot at 3180 and then daily at R1 at 3206, wouldn't try to short until then myself. I think it's going to 3206 at least, seems strong.

Sell 3169 Stop 3190 Limit 3135

Today's Trading range



today's big economical reports

German Prelim GDP q/q
Claimant Count Change
BOE Gov King Speaks
BOE Inflation Report
TIC Long-Term Purchases


http://i.imgur.com/avLS3.png

Hi guys! I'm new to forex
Currently practicing with demo a/c for a month
I've chose EURUSD as the first pair I want to learn

The volume seems low in the rally of the past two hours..
Sell 3164
Stop 3190
TP 3120

Greek conservative party delivered letter of commitments to lenders

Asian session close likely ending to 1.3131 /+-10 and see re-test of close after London opens.

Sometimes happens before.

another whatever chat

flip a coin, buy or sell with 1% ? this range is for counter trend trading.

really hard to get plan tonight...