i still see lower.. at least 2980
- #770,862
- Mar 13, 2013 6:18am Mar 13, 2013 6:18am
- Joined Jul 2010 | Status: Trader | 1,407 Posts
Descending channel (tested yesterday and earlier today) and next support; chance for a retest of LL 29546; generally there is a lack of direction but expect things to clear up a bit once S/R are breached.
- #770,865
- Mar 13, 2013 6:25am Mar 13, 2013 6:25am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
tried condensing your m15? a downward channel. 110pip range. with a slight overshoot above and below, 20pips each. the last two lower highs, are extremely close as the top on that channel.
something like that, since march 2nd. -_-
I am already SHORT, but I am afraid there will be many buyers at 1.29800 and below which can spoil my plan.
Anyway I watch closely 1M and 5M charts.
I think we'll hit 1.2900 by the end of the week, but it won't be an easy straight line
Read Charts - Not Papers
- #770,866
- Mar 13, 2013 6:29am Mar 13, 2013 6:29am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #770,869
- Mar 13, 2013 6:36am Mar 13, 2013 6:36am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #770,870
- Mar 13, 2013 6:41am Mar 13, 2013 6:41am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Read Charts - Not Papers
- #770,871
- Mar 13, 2013 6:41am Mar 13, 2013 6:41am
This week yet has one potential scheduled news to drive pair, which is tomorrows SNB statement.
If that does not bring anything, pair likely will close around 1.30.
Don't over egg the cake.
- #770,872
- Mar 13, 2013 6:43am Mar 13, 2013 6:43am
- Joined Dec 2011 | Status: Trader | 4,013 Posts
Most likely into the 12800s in my humble view. I'm not sure if anyone respects my humble views though??!
- #770,873
- Mar 13, 2013 6:44am Mar 13, 2013 6:44am
- | Joined Nov 2012 | Status: Trader | 1,397 Posts
yeah.
I am already SHORT, but I am afraid there will be many buyers at 1.29800 and below which can spoil my plan.
Anyway I watch closely 1M and 5M charts.
I think we'll hit 1.2900 by the end of the week, but it won't be an easy straight line
for that short.i wanted to short this from that overshoot on my channel, some 3090. have missed any possible entries. tbh, it may get to 2900, but still see that 3040 is the one to carry us there.
- #770,875
- Mar 13, 2013 6:50am Mar 13, 2013 6:50am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
i wanted to short this from that overshoot on my channel, some 3090. have missed any possible entries. tbh, it may get to 2900, but still see that 3040 is the one to carry us there.
I'd rather was looking for nice opportunity to go LONG.
Yeah... You never know...
Read Charts - Not Papers
- #770,877
- Mar 13, 2013 6:53am Mar 13, 2013 6:53am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
- #770,878
- Mar 13, 2013 6:57am Mar 13, 2013 6:57am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
Most likely into the 12800s in my humble view. I'm not sure if anyone respects my humble views though??!
However, next week is big news week. There is nice range with close prices at 1.3120/1.2975.
Wording may be careful tomorrow and its just guessing right now if pair is able to break price levels.
They think they are smarter than I am.
- #770,880
- Mar 13, 2013 6:59am Mar 13, 2013 6:59am
- | Joined Nov 2012 | Status: Trader | 1,397 Posts
SHorting from 3090 would be great... though I didn't even think 4 hours ago that price will fall so much...
I'd rather was looking for nice opportunity to go LONG.
Yeah... You never know...
i had been looking for shorts today. just did not want that 3063. looking like a fool now
