EURUSD

Anyone else going long on eur now?

... something for E/U bears ... maybe it will play out ... we will see soon.

not really. it may bounce but will revisit again. bad entry

[quote=KiwiTrada;6249922]


will be a toast if aussie breaks sell stops at 1.0410. cmon you aussie break that

Looks like the Dow futures have having a small pullback

This could be on its way to 12970-75 Levels for the US Open.

watching 77...

Sharing an intra-day method of getting into quick trend and pushes of prices with trend. Everytime, we are trading in a box of hi and low, breaking each support or resistance will likely to send price higher or lower to another area of new support/resistance.

Using only box and trend line. As mentioned earlier, one only can buy low sell high within a box, out of box there is a likelihood of price action buy high sell low scenario, mini breakout or big breakout we won't know.

Using triangle to identify the selling and buying zone, this is not patterns.


1 : identify the area of consolidation, earlier price attempt to climb back higher but to stall on 1.3016. So the range get widen from 1.2992-1.3016. 1.2992 is also the fibo 38.2 i have for low of 1.2945 area. 1.3005 area is the 23.6 Fibo of move down with stop after 1.3025 high area. The sell down of 1.2992 a moment ago touches 50.0 on 1.2883 area.high probability price may touch 1.2975 soon before 62 then 45. Price may get a lift from 75 before 62.

I have 2 numbers at the moment, one is 1.3056 for high, one is 1.2948 for low. If price can climb back and sustain above 1.2991, it can means its either a widening of box area or a false break. If price get rejected on 1.2991, its means support turns resistance, we may have a possible move down.

min 5 shows a rejection on 1.2992 earlier may pose further downside unless 1.2992 is re-contained.

[quote=Nachiket;6249985] she will

Looking like its going to be a volatile US session.

Support 1.2950

What a confused market... Sticking with my short for now...

Buy order at 1.2980

Tp 1.3029

Crude is starting to turn down now.
Through 87.50 and the markets will fall
off
So if that accelerates this E$ should get some legs down

but its going against the markets bullish Price Action all week.

Fridays do often throw a curveball though.

I do not have algorithms in my head, just eyes. But [Perhaps, the most meaningful support is that cluster (shown in EU chart). Will exit both GJ and EU once EU hits that price.

addendum: And then I expect to go long from there coz GJ has already reached R4 (relying on text book that once a major pair hits R4, it will never go below R2, and in fact, close above R3 within that trading day)

My chart for Euro:

How's it going mate ?
still around here in the crowd ?

Holding short as long as resistance holds between levels.

hey, long time no see. yeah, still in the back of the classroom here, throwing stuff at the teacher..

good luck