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  • #17,681
  • Sep 16, 2013 3:40am Sep 16, 2013 3:40am
Over the weekend the price went to 3380 helped by Japanese holiday ( no liquidity). Now as the funds and banks are getting in we need to see the technical picture. As i previously said 3350-40 was the target for EURUSD. The drop and retail gap close should come anywhere above 3355. ( 3370-3400). If the price spikes up above 3400. We need to wait for reversal patterns around 3420-3450 for gap close. Anyway, Wednesday will also be very important day as FED will decide about tapering so for the moment try to spot reversal patterns around resistance levels for a possible gap close.

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  • #17,682
  • Sep 16, 2013 3:44am Sep 16, 2013 3:44am
Didnt know about news but i shorted yesterday already and got SO for 15. Now again in and wait for support down there. It would be nice that we dont go higher than this at least for me..
  • #17,683
  • Sep 16, 2013 4:55am Sep 16, 2013 4:55am
we maybe seeing 1.35 before a break of 1.33... if gap was gonna close it would have dropped already but its held by support... i think up more
  • #17,684
  • Sep 16, 2013 6:40am Sep 16, 2013 6:40am
Quoting jaylovin
we maybe seeing 1.35 before a break of 1.33... if gap was gonna close it would have dropped already but its held by support... i think up more
Seems like it at the moment. That is why id prefer a short around 3450.
  • #17,685
  • Sep 16, 2013 6:52am Sep 16, 2013 6:52am
Quoting T@rantula
{quote} Seems like it at the moment. That is why id prefer a short around 3450.

I am gonna hold long until 1.3530... I believe we will break 1.35 before we close the gap... but it must happen this month
  • #17,686
  • Sep 16, 2013 7:16am Sep 16, 2013 7:16am
Quoting jaylovin
{quote} I am gonna hold long until 1.3530... I believe we will break 1.35 before we close the gap... but it must happen this month
Weekly is up, daily is up and h4 seems to retrace for up, so your level has a valid standpoint.
  • #17,687
  • Sep 17, 2013 4:52am Sep 17, 2013 4:52am
EURUSD remains tightly range bound pre FOMC which is tomorrow. Above 3320 3385-3420 is possible, while below 3320, EURUSD will close the gap and potentially hit 3290. Its buy the dips mode currently.

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  • #17,688
  • Sep 17, 2013 8:51am Sep 17, 2013 8:51am
The market got really stupid this year or is it just me.. Days that dont exceed 40points wtf... omg
  • #17,689
  • Sep 17, 2013 6:35pm Sep 17, 2013 6:35pm
Quoting Vladimir1987
The market got really stupid this year or is it just me.. Days that dont exceed 40points wtf... omg
Its because market has been waiting for FOMC.
  • #17,690
  • Sep 18, 2013 12:12pm Sep 18, 2013 12:12pm
Really didnt expect such low moves prior fomc, this week looks like whole bs.
Who is going to trade this now spikes gona fly over the place considering this low range Monday and Tuesday..

GL all
  • #17,691
  • Sep 19, 2013 3:47am Sep 19, 2013 3:47am
Whoaa! What the move. Well EURUSD is SOARING. its very hard to trade now as there is almost no retracement. Targets are 3585 and 3625 with a way to 3710 open, but where is the entry?

Dips towards 3515 should provide buying opportunities. If u ask me, technically i would like to see 3460 where Id advise buying. When we have PA like this, w/o any retracement, its really hard to trade as there are multiple breakouts which we are not safe to trade as one of them could be false.

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  • #17,692
  • Sep 19, 2013 4:02am Sep 19, 2013 4:02am
Quoting T@rantula
Whoaa! What the move. Well EURUSD is SOARING. its very hard to trade now as there is almost no retracement. Targets are 3585 and 3625 with a way to 3710 open, but where is the entry? Dips towards 3515 should provide buying opportunities. If u ask me, technically i would like to see 3460 where Id advise buying. When we have PA like this, w/o any retracement, its really hard to trade as there are multiple breakouts which we are not safe to trade as one of them could be false. {image}

Hi T.,

hope all is well. Just wrote in my thread, that I see good targets @ around 3580 and 3620. Pretty close with your assessment. :-)

Right now the retail shorts seem to start to covering their large short positions, as can be seen here: http://fxtrade.oanda.com/analysis/historical-positions


A pullback towards 34660 would be great, and most possible a good buying opportunity
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  • #17,693
  • Sep 19, 2013 6:11am Sep 19, 2013 6:11am
Quoting infinitus
{quote} Hi T., hope all is well. Just wrote in my thread, that I see good targets @ around 3580 and 3620. Pretty close with your assessment. :-) Right now the retail shorts seem to start to covering their large short positions, as can be seen here: http://fxtrade.oanda.com/analysis/historical-positions A pullback towards 34660 would be great, and most possible a good buying opportunity {image}
Yes I agree Markus, pullback would be really great. SO far there is no any viable retracement.
  • #17,694
  • Sep 20, 2013 4:30am Sep 20, 2013 4:30am
Same situation as yesterday. 3515 is protected. There will be some profit taking later, but trade lightly today.
  • #17,695
  • Sep 23, 2013 3:22am Sep 23, 2013 3:22am
Hey guys,

We have a consolidation triangle at the upper part @ 3515. Now, the thing is we need to either wait for the break to the downside to the confluence level around 3480-50 or wait for the break of the triangle and retest to the upper side. First level for retracement comes @ 3480 while the confluence of 50.0 fib and my red level comes @ 3450. The target for the move is 3625. Id personally like to see 3450 to place a long entry.

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  • #17,696
  • Sep 23, 2013 6:10am Sep 23, 2013 6:10am
hi T.. 3620 before 3490... I think we will shoot up to possibly even 1.37xx before we start to retrace... we are slowly opening the doors to 1.40xx
  • #17,697
  • Sep 23, 2013 10:06am Sep 23, 2013 10:06am
Quoting jaylovin
hi T.. 3620 before 3490... I think we will shoot up to possibly even 1.37xx before we start to retrace... we are slowly opening the doors to 1.40xx
Hmm 3480-50 is the zone. Lets see what will develop here.
  • #17,698
  • Sep 23, 2013 11:52am Sep 23, 2013 11:52am
Quoting jaylovin
hi T.. 3620 before 3490... I think we will shoot up to possibly even 1.37xx before we start to retrace... we are slowly opening the doors to 1.40xx
well that couldn't have been more wrong... I am not sure - i still have 1..3621 as far as supply and demand goes - this is the nex tough resistance...
  • #17,699
  • Sep 24, 2013 4:31am Sep 24, 2013 4:31am
Quoting jaylovin
{quote} well that couldn't have been more wrong... I am not sure - i still have 1..3621 as far as supply and demand goes - this is the nex tough resistance...
Not sure if EUR moves any lower then 3475, but still we have another opportunity on NZDUSD pair, which might also turn dollar lower.
  • #17,700
  • Sep 24, 2013 4:35am Sep 24, 2013 4:35am
As EURUSD still shows range and buy the dips mode, I have spotted opportunity on NZDUSD chart. NZDUSD is nearing 8255 level. After a strong surge up this is a correction and this pair shows the best dip so far. Ill be looking for 8255-40 level for a long setup there. You have probably noticed that USD pairs are getting retracement after USDx dropped. So far this looks like a very good opportunity on this USD pair.

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