Trading EURUSD only

Longs don't lose ya'll kool, this a opportunity to buy, ... shit, i'd buy if i wasn't long already. Next support@ 1.3402

The funny thing about this is I was bearish about the euro for the past couple of days (retrace). The Euro was overpriced and it had to come down. Then today, influenced by couple of people decided to place a long @3540, which clearly didn't go well. Anyways i took the hit with 20 pips SL and then shorted this b***ch @3420 with TP @3460. Time to get back to my day job now.

Yes Steve good advice. Broke that tl I was watching, sets up ugly c wave target.

touch fib. 61.8% (1.3434) and bounce back, this is a larg retracement from the low end (1.3264)

fib. 61.8

EURO is trading between weekly pivot (resistance 1.3587) and monthly pivot (support 1.3406). Right now is in down mood, but I still considered the bull trend is not broken.

Looking back at the short i placed on Euro @3520, i must have been nuts at the fact that i lost 20 pips on the long @3540. I pretty much bet my whole account on a single trade. The last time i did that was in my noobancy! I feel lucky that i survived that stupid move. Never doing that again. Made close to 90% of my account value in that trade though.

looks like coming to end of 3rd wave down at 50% retrace from 130390 low intersecting downline from Jan 30 - 5 Feb in paralell with latest downline

Long@ 3389 Think we will get a rebound here

this is forex, so do we have to admit a down trend !?

closed 1/2 @3404

1.34 is a major level, if price can stay under it for a day then all hell will break loose and many longs are going to pull out.

I'll buy at 1.3390 with stops at 1.3370 with first TP + break even at 1.3440 and other offer levels still remaining, but I'm totally willing to accept that it's at high risk of getting stopped out. Please read my execution and risk disclaimer found in other posts.

I profited on EZ and EU but they didn't run. Of course, as I mentioned earlier, its impossible to keep up with what's actually going in in my real accounts but ill continue doing this for a very short period of time.

#FXFUSE

Took a long at 13375 but not enough positive momentum divergence. Looking to exit at one of the fib retraces and then look again where there are two major fib overlaps at 13315.8

or 1.337 is the lower, so can be still in the up trend !?

.

I will not be surprised if it is in the bottom now, and rocket for friday !?

Hello guy´s

was very busy last days.

my current outlook:

only visible 1h

Good morning all,

here's my update view on the Euro FX currency futures (4-hour chart). I have also recorded a video to explain yesterday's PA.

http://www.forexfactory.com/attachme...1&d=1360310765

The Euro traded the 1.3580 area of resistance and short entry on the daily chart bringing price down into it's first target area at 1.3410.

That 4-hour daily short played breaking the weekly extension long. Price could now continue in extensions (in the 4-hour chart) into the 1.3200 area of support, my preferred scenario.

In my last analysis and video, I considered fascinating that two programs have been trading one against the other in yesterday's market session. The first program on the weekly timeframe offering support at the 1.3460 area (participation was confirmed on Tuesday, at this level, so it was valid); and the second program, on the daily timeframe, opposing resistance at the 1.3580 area (Tuesday evening and Wednesday morning) which then broke the weekly setup. As the program on the larger timeframe usually wins I overlooked the possibility of the program on the smaller timeframe to be ablet to break longs. Yesterday the bears won the battle and the 1.3580 resistance hit its first target area at 1.3410.

We now have a closer level of support at 1.3360 which I don’t fully trust and I will not consider as a potential area where price could turn around. The next important support area and long entry, if confirmed, is down around 1.3200 and it is originated on the daily timeframe. The other area of support, originated on the weekly timeframe, is at around 1.2900.

On the 4-hour chart the market is moving lower in extension measured moves with resistances at 1.3430 and 1.3410-15 at the moment. The lower resistance at 1.3415 has traded during the Asian session and may trade again during the EU morning. Above 1.3451 price can test the short resistance areas (see below) and come back down again. If the sequence of measured moves lower continues and then interrupts around 1.3200 I will consider that as the next support area for a continuation higher.

The following 2 scenarios are possible:

Scenario 1. Price is trading the next extension short in the 1.3410-15 area with targets below at 1.3360 and then 1.3325-30. If this scenario plays out we could see a continuation with a small bounce in the 1.3270 region and then a move into 1.3200.

Scenario 2. Above 1.3451 there is the potential to rally into 1.3480 and 1.3540 resistance levels. Notice that the move lower into 1.3200 could resume from these levels. Above 1.3590 we confirm the loose support in the 1.3360 area.

Glad to hear your comments.

Trade safe.