EURUSD

Good boy

hmm I am long ... will see

same here. managed to catch the previous 2 big waves. lets hope for the 3rd.
been following this EURUSD forum for a month. great place!

BIS (Bank of International Settlements) on the bid rumor

A weak sign of bearish move : break of 3130 today open and back test was declined twice... and break down of ema34 on m5
But still ranging is not enough to short
Breaking down 3120-3115 zone would made it more clear

Overall chart is bearish if look at H4 where down TL declined prices at 3145.
But as many have said watch out news

I am buying euro 13085 with tp 1.3131 and stop 1.3050 is any one agree?

TP open to zone 1.05-1.00.

HAHAHAHAHAHA SO FUNNY!!!!

I'll wait for a move below 1,3090...but if the PA/swing continue like that..a good opportunity to long could be any pips below 1,3070.

Time will tell

But 1.15 will be also good.

both sides are easy possible today.. it will be more actually an ranging day again with useless spikes..

but for my view, its more downside pressure today again. But in this kind of moves i am always ready to risk my stoploss

and also this is the reason why my tp is open, will close it anytime

means if the first 5-10mins London open brings the price down, you should BUY. Vice versa.

Anyone looking 0 for long?

Hi,
are these two bull candels in 5 minute strong enough to hold the trend?? 10 pip each

thx

see the gbp/usd

I am thinking that this level could held longer and strong movement would start just before NY open. Been siting for 2 hours and still not entered any trade, slow start today. Something is growing underneath, and yes I think i'ts a big one.

BTW, for a few day I been looking at cable moving ahead before EU. Before EU jumps cable usually jumps first.

Take out of 3145 and then 3158 (ystdy hi) have to resume bullish move

no because the 1.3160 is resistance but not a strong resistance

Middle of no mans land right now. News this week provided the movement for expected technical trading.
Blue square is the Sunday open gap, which is the only thing I've needed to add to the chart this week. Once we failed to break the 2-8 highs on 2-13 the down mode was able to commence.
The move up today was anything but a surprise, news or not there was too much support there not call for an upmove after the 7 consecutive red bars on 4h.

Right now we are in an easy wait and see area.

The upper channel TL has been loosely respected. A Short here would need a stop around 1.32 - 1.322. A break of that area would give us a HH and possibly begin the next leg up. The short could potentially take us to 1.295 or even 1.289.
Resistance this week has been far superior to Support.

A long in this area would have a sizeable stop in the 1.3030 area. With the possible agreement this weekend and bounce off of the 50% makes the long and the daily uptrend continuation also possible.

For now for me its sit on my hands time though. Until a HH is made on 4h I will favor shorts. With the likely hood of negotiations breakdown and tweets between now and Sunday the catalyst is there for another leg down.

However there is also the possibility of "Greece being saved" which could take us intil the 1.34 -1.35 area next week.

The third chart is the kicker showing we are right dead center of the chop zone. R:R for me in this area isn't in my favor and makes todays chance of a decent trade pretty slim.

The good news is, it's almost beer-thirty.