thinking of entering long from this area 3390s
- #34,185
- Feb 11, 2013 5:20pm Feb 11, 2013 5:20pm
- Joined Oct 2012 | Status: private | 2,606 Posts
short 34094
tp 34960
sl 34244
it´s late good night!
just do it
- #34,186
- Edited 9:58pm Feb 11, 2013 5:33pm | Edited 9:58pm
- | Joined Sep 2012 | Status: Trader | 1,093 Posts
- #34,187
- Feb 11, 2013 5:37pm Feb 11, 2013 5:37pm
- | Commercial User | Joined Jan 2013 | 1,169 Posts
Hello,
this is my updated view on the Euro FX currency futures contract (4-hour chart):
Price Action yesterday did not offer enough information to restrict the number of possible scenarios. Although the 1.3360 area showed support on Monday, the bearish and the bullish scenarios are still both open. As only measured moves short were interrupted on the 15min timeframe still we have two long scenarios and one short scenario:
Scenario 1. Above 1.3451 the 1.3360 area of support will be confirmed on the 4-hour timeframe as well and price can continue higher. Daily targets are in the 1.3870 area.
Scenario 2a. Price could move back to retest the 1.3360 area on Tuesday and Wednesday. After that price could pierce Friday's low and continue into the 1.3200 next support area.
Scenario 2b. After testing the 1.3360 area price could find new bids and resume its move higher above the 1.3451, thus creating the conditions to continue higher into 1.3870s.
I have also posted a video.
Let me know your thoughts
Have a nice evening
Cheers
this is my updated view on the Euro FX currency futures contract (4-hour chart):
Price Action yesterday did not offer enough information to restrict the number of possible scenarios. Although the 1.3360 area showed support on Monday, the bearish and the bullish scenarios are still both open. As only measured moves short were interrupted on the 15min timeframe still we have two long scenarios and one short scenario:
Scenario 1. Above 1.3451 the 1.3360 area of support will be confirmed on the 4-hour timeframe as well and price can continue higher. Daily targets are in the 1.3870 area.
Scenario 2a. Price could move back to retest the 1.3360 area on Tuesday and Wednesday. After that price could pierce Friday's low and continue into the 1.3200 next support area.
Scenario 2b. After testing the 1.3360 area price could find new bids and resume its move higher above the 1.3451, thus creating the conditions to continue higher into 1.3870s.
I have also posted a video.
Let me know your thoughts
Have a nice evening
Cheers
"markets traded by programs/HFT offer a significant trading edge..."
- #34,189
- Feb 11, 2013 9:58pm Feb 11, 2013 9:58pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
- #34,191
- Feb 11, 2013 10:11pm Feb 11, 2013 10:11pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
^ are you short yet?
im hoping it tests that 3408 level again?
I was short all night, in pain...now I closed for small profit, but still thinking will go down...but the turning back up is going to be fast and hard, so I´m afraid
- #34,193
- Feb 11, 2013 10:27pm Feb 11, 2013 10:27pm
- | Joined Sep 2012 | Status: Trader | 1,093 Posts
coming close to my sl 
3380
3380
