EURUSD

this has potential for a 200 pip runner. Just need to figure out the retrace here. then if breaky we could skyrocket as koreanz did

True altough it is hard to be super bullish after last week's unsuccesful attempt to 1.3170s. Buy yeah when Bulls take control they do it nicely. Last time I checked, I made three times more pips with LONGs then SHORTs even in a down market, can you believe that. Bulls are very persistent with the cripple

It's at a complicated level now and worth re-looking at the higher TFs...

Monthly: price is correcting the 0.822x to 1.603x up swing and has so far made a complex 50% correction complete with a double bottom. Price currently sits around the 38% mark

Weekly: looking at the last swing down in that monthly correction on the weekly chart 1.493x to 1.204x you can see that it made a very clean 5 wave trend move ending right on target (see chart W1 and that was great trading )

this leaves us in a correction on the weekly timescale (see chart W2) which has so far completed 38% and has two primary target zones 1.331x to 1.336x and 1.378x to 1.383x

Daily: looking at the correction of the last swing down 1.348x to 1.204x it has completed 78% at 1.316x which is a potential tipping point and the correction has become complex with multiple swings. Any move above 316x will put the weekly target zones in play, otherwise we should consider this correction probably at it's ceiling and look for downward pressure for now.

H4: the 4 hour chart (see chart H4) is currently correcting the last upswing 1.266x to 1.312x which has completed in a good 5 wave trend move which provides better confidence that we are in a correction of that move.
It is a little messy here as it has so far completed 50% with the move down to 1.287x so could be complete, BUT it did so in a single violent move which makes that unlikely and gives us some downside target zones 1.286x to 1.283x and 1.279x to 1.276x.


So the trade plan.....

Below 1.306x short for the H4 correction
Above 1.312x long for the weekly correction

Clear, simple and just brilliant analysis again...

Longs making a little more sense for now after 1.2995 making a clear support for the time being. Took a small one, will add more if 1.3015 breaks.

Hi guys,

My outlook for EUR/USD:

Market is postioning ahead of FOMC. Beware that anything can happen on Wednesday like this.

Take care,
Seb

PS: More on my blog.

short @ 09

she is behave like north Korean rocket

misguided and slapping the innocents ?

More like a crazy horse's ass... Bloomy is pumping in Fed stimulus, more asset purchases, economists see more & more crap. This channel should be banned for spreculation the we all watch Murdochs's muppet show....

Max what do you target with those shorts...? If 1.2995 goes I might join you, I have 1.2970s as the first target then 1.2955ish.

misetry remains

TP open but places to watch out for

2985 Daily Pivot
2970 Weekly Pivot / support
2950/55 Daily S1 / Support
2929 support

It does not matter where you stand, as long as the bus hits you!

Except for 1.2885, I have all those levels here as well. Break of 1.2995 should actually give more than 10 pips but yeah. Difficult PA so far. EJ is making new highs so shorting wouldn't be comfy to me yet.

as usual i moved be too early , my long stoped out now time for north journey

more likly FED will deliver

looking toppy

BUY EURUSD?

I'm in this because of the price pivot and confluent minor fib...still holding short but PA showing a lot of stubbornness. Was hoping London open would provide some more guidance, but looks like just a bunch of up and down noise.