EUR USD 4hr chart = A close below 1.2300 will confirm a resistance of 1.2400 IMO, is time to add SHORT position?
My stop could be atleast 1.2420, Target 1.2200
My stop could be atleast 1.2420, Target 1.2200
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DislikedEUR USD 4hr chart = A close below 1.2300 will confirm a resistance of 1.2400 IMO, is time to add SHORT position?
My stop could be atleast 1.2420, Target 1.2200Ignored
DislikedI just about pissed myself watching this classic about Occupy Wall Street.
http://www.youtube.com/watch?v=O-253...eature=relatedIgnored
DislikedI see the EUR/USD has taken off. However, there is that pesky 1.24-1.27 area.......I will be looking for a candle to fade over the next few session I think.Ignored
DislikedIMO 1.24 is the gate for EURUSD to 1.27, until there I'm on the sideline, wait and see mode at the moment.Ignored
DislikedThis is what I am watching personally.......
Trend line, failure, resistance (horizontal), and of course the 50% Fibonacci. In fact - hell with it - I will throw a small short on now......the moving average is the 50 day EMA. I don't believe in them generally - but it is just one more reason to think it could fall I suppose.Ignored
DislikedHere's what I am currently watching. Definitely stopping... H4 seems compression'ish into this area... let's see. Always the question though... hold or break?Ignored
DislikedAppologies for the lame chart. I'm at work so can only access IG and MS paint.
I've set SMS alerts close to these levels. The upper level is a nice clean supply level if it makes it there.. also a prior flip.Ignored
DislikedC12, I have a question, the area looks logical and the trade makes sense. If you are a fan of this area why would you not place limit sell orders here with a stop loss clearly above this level instead of an SMS. Must you clearly see appropriate PA unfold for you to enter the trade?
I personally struggle with using Limit orders for entry but if I had your belief about this level it would be a no brainer? Would love to hear your thoughts.Ignored
DislikedC12, I have a question, the area looks logical and the trade makes sense. If you are a fan of this area why would you not place limit sell orders here with a stop loss clearly above this level instead of an SMS. Must you clearly see appropriate PA unfold for you to enter the trade?
I personally struggle with using Limit orders for entry but if I had your belief about this level it would be a no brainer? Would love to hear your thoughts.Ignored