Trading EURUSD only

or a chance to bail on the short

It's clinging to the March 08 low 2955
Below that we have the abyss?
Edit: DS3 ~2907 is calling => Expanded Flat?

Yep, don't smell any money in the abyss, lets see SM accumulate before the manipulate again

Hello all,
this is my Euro update for a new swing long about to begin. In my humble opinion if you have still swing shorts you should close them.
I don't think all the bad news about Europe automatically signify lower prices, actually the opposite. At the moment it looks like everybody is buying Dollars and selling the Euro: a good environment for a solid chart-based and rule-based analysis.

As usual, use at your own risk.

As anticipated (see the previous analysis) the Euro corrected down into the 1.2900 area, stopping today at 1.2931. I anticipate a bounce higher now from the current price level. We still don't know exactly where the bounce will come from.

http://www.forexfactory.com/attachme...1&d=1363219417

I have the two scenarios below:

Scenario 1. Price is now within an area in which we could see strong participation on the upside. Above 1.3030 (based on current lows at 1.2931) the confirmation of support will come and price will start a move into the 1.4080-1.41 area. The start of the move higher could come from lower levels at 1.2915 or even 1.2840, if price dips lower.

Scenario 2. There is still a possibility price could keep moving lower past the 1.2769 and 1.2712 level (the latter ist he line in the sand). Below 1.2712 we could have a very high probable retest retest of the 1.2130 area of monthly support. However my belief is that scenario 2 has low probability at the moment.

Let me know what you think.
Thank you.
-fibstalker

PS: the video for tomorrow will shortly be on my Blog

Good evening fib,

i agree as posted earlier today price has reached a long therm descending TL
it may overshoot the TL tomorrow, if it does i expect a dynamic bounce up
to finish here with a green weekly candle.

Thanks for sharing thodie,
I love it when other analysis confirm mine...
GL

USDX stalling at ~83.00?
EU basing ~2950?

http://www.forexfactory.com/showthre...76#post6513476

Luis EW count.

15m:
Faded 3 Closes?
PA at 2932 - 31?
Short 2952

Out +15

Also WS1 2929

Hello everybody! Good Morning

GM All

Possibly an SHS forming?
2m

5 waves down on the 10m?
Looking for support at 2915?
WLY PA at 2907
DS1 at 2900
Luis >> ~2902
Not interested just yet..............

Long @ 24

Good morning my friend(s),

Yes, bias is to get long, imo. See lots of reason for support in the 1.2874-1.29 area. (demand levels, EWC)

But US data in 30 minutes, so waiting.

Good morning,

price has left the falling wedge on 5 min sideways.
Lg 2924

Edit:
oh yes i´m loving it 7pip drop 1min after entry

okay! We wait!

GM thodie