EURUSD

EUR Tech Trader I follow

Short @ 67

Bearish action at the start of a new week eyes levels back below 1.3000. The 21 DMA is the next key level in favor of short trades. Seeing the 200 DMA at 1.2933 under pressure would not be a surprise. Lower stops on a break of the 21 DMA to reduce risk on the trade. Day indicators are bearish.

Another nanopattern forming here. PA is compressing below 3037 and making triangle on m1. And errr, according to babypips , this would result in bear. So we had bear nanoflag, break down, now nanotriangle, and guess where I think we are gonna break

Are you using. 2 subaccounts at Oanda ? To trade in 2 directions

"nano pattern"... I like that term

Yes two accounts for each bias.

I have a main account where my short trades are. Then I created a sub account under that for my long trades.

I also made the background colors different. Black for Short account and White for Long. Got confused once during the heat of battle.

1.3022 support level. 4h TF potential head and shoulders

geppy might be about to finally fall trollop, which will stuff up my xg short so covering

bought 1 lot at 1.3024 SL 1.2994

shorting here...100...or 0..

Why is so big deal shorting or buying on demo acount?

Head and shoulders formation completion. If 1.30 breaks, it is going straight for 1.29 to chase some stops.

EUR Overnight Rally Now Wiped Clean

 

1. EURphoria over Italian election news short lived as EUR/USD down for the day
2. Fed's Dudley says Europe's near term econ outlook less bright, weighs on EUR
3. Smart money selling EUR/GBP drags EUR/USD to 1.3022 low
4. Bids at 1.3020 & 1.3000 with stops below, if no rally soon stops may attract
5. Through 1.30 immediate support sits 1.2962/68 (Apr 8 low, 21 DMA)
6. Bigger support will be 1.2900/3 (Apr 5 low, 200 DMA)
7. Beyond 1.2900 opens up March & April lows ~ 1.2740/50
8. Chart: http://link.reuters.com/syq57t

eurusd is vulnerable here for drop into at least 1.2919/28 / usdjpy support likely at 98.95-99.12 / audusd estimated supportat 1.0186-1.0215

Maybe

But i'll still try some longs though.

Don't like the idea of shorting.

Ultimate Target 1,3154

I hear you brother. This is why I trade long and short when the indos say it might go my way.

Even indos can be wrong with multi confirmation such as my long @48. This is why I stress MM. It is the only constant in the markets.

EUR Slide deepens as Coeure chimes in

 

1. ECB's Coeure says hasn't seen improved econ signs since last ECB meeting
2. Could be a sign rate cut rhetoric may pick up
3. EUR/USD slides to new session low at 1.3015
4. Bids still rest 1.3000 with stops below, 1.2960/70 eyed on 1.30 break
5. A 1.2900 break puts April low ~ 1.2750 into play
6. Chart: http://link.reuters.com/kar57t

EUR/USD tech levels 22 April

Well the euro seems to stuck in a rut at the moment. Bar fleeting moves either side we have spent most of this month in about a 100 pip range. There’s been no real impetus from the market to take us in either direction. In such instances it becomes very difficult to trade. You position yourself to take advantage of a break only to see it fail. We’re in the realms of a non-trending market and that in itself can present plenty of opportunity. Look to trade the edges of the range with tight stops in case of a breakout.
We’re still being kept at bay by the 50 fib level from the Jan/Apr hi/lo at 1.3227 and on the H4 chart we can see that the 100 ma has crossed the 200 ma which could indicate a break to the upside is more likely that one to the downside. The 55 ma is still pretty much keeping us in check in quiet times over the last week and the 100 and 200 ma are creeping up on the downside at 1.2991 for the 100 and 1.2973 for the 200.
http://www.forexlive.com/wp-content/...13-330x171.png


Other levels to note are the 100, 200 H1 & 55 d ma’s which are still entwined around the 1.3085/90 level and should provide sellers with a decent point to lean against in the near term.
With well known support at 1.3020 and orders at 1.3000 then again these will mark decent points for those wishing to go long.

geppy gap closed

EUR at S1 on daily here and Demand Zone

If I'm reading my chart right, EU might go to 1.29xx area today...
don't know whether it will bounce up from there or keep going down though...
NB: I haven't put any order yet too risky for my taste...