EURUSD - I have changed my medium term bias to short side. Yesterday we broke away from previous medium term Value Area (VA) and broke below 1,3300 with a single print.
Yesterday´s daily VA was established lower which made me change my medium and short term bias to short side. I am waiting for price to get into 1,3280-1,3300 resistance and will look for short trade there.
EURUSD - Friday´s data did not bring continuation of downside move. There is poor high at las week´s high. I consider it healthy to be tested, before continuation of downside move continues. I see sideways move as more likely for today, but I do not rule out bigger correction all the way to 1,3300.
I still maintain my medium / long term view that 1,3000 - 1,2900 area should be tested.
I currently hold long position with target at 1,3210. If target is reached I will wait for test of last week´s high and then look for signal to enter into short position at one of the resistances highlighted in the attached picture.
EURUSD - we had a nice short squeeze during Monday US session. Yesterday, the short covering continued in my opinion. I closed my long from Monday´s tweet. I tried to short from 1,3240, but closed the postion for a scratch, since value migrated higher. At the moment I am long from 1,3261 and I expect test to 1,3300. I am still willing to short there, but I want good confirmation. {image}
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EURUSD - I closed my long position from previous tweet.
EURUSD - We have poor high from yesterday and also from today. There is also poor high from August 28. All these highs are candidates for a test and I expect price to test them.
I have short term bullish bias and hold long position. I consider it healthy for price to test at least into 1,3350 - 1,3360 area which I consider a good resistance. I will watch for signs of sellers there. If sellers do not enter there I would expect test above 1,3400 with 1,3420 another good resistance where big sellers could enter the market.
There is poor structure below current price so the risk for downside move is high. I still maintain my medium to longer term bearish bias with potential to test poor low around 1,3100 and 1,3000-1,2900 area of crazy overnight move after FOMC MM release.
Not doing anything since Monday. Waiting for big Ben tonight. For EURUSD I still maintain my medium to longer term bearish view with potential to test into 1,300 - 1,2900 area of ineffectivity.
EURUSD - I took long on Friday after confirmation of buyers around 1,3500 level. Price did not bounce higher significantly. I put in stop loss before today´s macro news in Europe and was kicked out from the trade with a small profit.
Now I wait for another chance to open long position. I do not like today´s low so I will consider long around 1,3490 and 1,3460.
I am very busy his week. I had 3 webinars so no time to post here. I am still bullish on EURUSD. I hold long position from Wednesday last week. I also took 2 more longs yesterady and hold them. I see poor structure all the way to 1,3550 and expect price to test there.
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EURUSD - Well, my outlook from this morning played out nicely. I tightened stop loss too agressively on the first position and was kicked out from the trade (with small profit). Later it went to desired profit target.
I was not angry. That is part of trading. And I had the second position in the market which went to profit target I intended.
EURUSD - I was not planning on doing any trades before tomorrow´s ECB. However this morning brought nice short opportunity.
I was patiently waiting for a test of strong support around 1,3525-1,3515. After the macro news release from US at 16:00 my profit target was hit, but because of wider spread I did not get a fill. So I closed the position manually. I lost few pips because of manual close, but that does not matter.
I was not expecting any good intraday swing opportunities before ECB, so this trade is a nice bonus :-)
EURUSD - so here is the big day for EUR. We will have the ECB rate announcement and Draghi´s press conference.
Hard to tell what the guy will say. If he surprises and lowers the rate or says something dovish, then I will try to open a short trade since I see poor structure below the market with medium and long term targets around 1,3100, 1,3000 and 1,2900.
I can also imagine a scenario with false downside move during the press conference, just to take stop loss orders below the consolidation range we have for the past 2 weeks and then reversal to the upside. I still hold long position from Wednesday (Sept. 18). It is no risk trade now so I will hold it into the press conference and either get kicked out of it or wait for my target at 1,3660.
I will wait for what clues the market offers during the press conference and after it.
EURUSD - so here is the big day for EUR. We will have the ECB rate announcement and Draghi´s press conference. Hard to tell what the guy will say. If he surprises and lowers the rate or says something dovish, then I will try to open a short trade since I see poor structure below the market with medium and long term targets around 1,3100, 1,3000 and 1,2900. I can also imagine a scenario with false downside move during the press conference, just to take stop loss orders below the consolidation range we have for the past 2 weeks and then reversal to...
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EURUSD - I have closed my second long position from Sept. 18 (Bernanke´s press conference).
EURUSD - I lead a webinar yesterday for Czech audience. I tried to enter into 2 long trades. I closed the first one for a scratch. Second trade went to profit target this morning.
I tried aggressive short trade this morning but there was no price move to downside so I closed the trade for a scratch. I still would like to go short. I see good targets around Wednesday´s (Oct. 9.) low and around 1,3460 area. I will wait for confirmation of sellers now.
EURUSD - I got to my PC later in the afternoon yesterday. I saw good potential for short trade in the area of resistance that I have indicated to subscribers of Forex Expert.
I closed the trade recently after nice selloff. Now I am waiting for pullback to enter again. Targets to downside mentioned in few of my previous tweets are still valid.
EURUSD - I had bias to short side this morning. I tried to enter short 2 times in the morning, but price did not test lower. I closed both trades for a scratch. I tried to short AUDUSD as well.
Before noon (GMT+1) I changed my bias to long side and opened long position. You can check my postion and target on my website.
EURUSD - still waiting with my long postiion from Thursday to reach it´s target. If price moves lower I am willing to add into long position after confirmation of buyers in the market.
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