EURUSD

euro confirm short movement if not go to > 1,3637... great down movement in little time is possible...:-)

thats why I very rarely trade this pair... oh well

when you least expect it - it will do what you want --- but not when you want it to!

Smart to stay away from this pair, it's a nightmare.

They want you to fear...my advice is use a lot that can never harm you (don't be greedy)! Than you have no fears of loss, than you won't put SL too close, and you won't get sweat while the market is against you....you will be patient and that means you are undestroyable...

now happening the "look at my left hand"...waiting for a turning signal/formation.

(EurUsd is lasy and dilettante...when there is a clear situation, than it starts moving in the opposite direction because it has to finish the previous move before the real move...imo)

Not bad enough, it has to print under 2013 inflation low ( 0.7 ) ... but good for 20- 50 pips of a dovish comment !

I have an unresolved price way down at 1.33ish... not sure if that's a target yet. But I have a pending short at 1.3649
It's been difficult to gauge 1.37 as a viable target for January... Daily is suggesting more downside.

So what's going on lads? are we buying or we selling?? keeps getting stopped out here on this ping pong better wait

I see a 3740 print in the mean time.

as well, we can see an agressive short @ 1.365, so watch out!

Was waiting for these levels, but since this week started up, than I think we go lower before imo. Waiting for double top, head&shoulders or a spike in higher TF, etc. to add short.

Hi people,

I am still holding my Euro short from 1.3793, and I lost some shorts yesterday (Bad scalping strategy, not for me!) and H4 is not doing what I was waiting.
I was waiting to see 1.3550 first before a new 1.3650 touch.

I continue to see 1.3650 as a strong resistance level, But I will not hold shorts below 1.3650 with my trade open at 1.3793.

My next short entry only above 1.3690, but I may try a small trade around 1.3660.
If 1.3778 will be reached this week will invalidate my Bearish view for this month.

All the best
Mike

Nice tricky ping pong played by MM. I think these 2 days movement is a retracement from last week movement.

I have spent quite some time watching the pair for three days, and I believe it will spike up to at least 1.3670, but not more than 1.3695 before it goes south quite rapidly.

Keep in mind if you wanna short, that we are in a reversal of the bigger short move right now.
Also, DAX is up 0.5% so far.
Not the best odds to go short anytime soon me thinks.

...and we may are in a retrace since 1.20 or not a retrace but the new LONG TERM wave since Euro topped at 1.60 and this one more important.

FXRAT

Is looking for this to form into a nice double top formation
If it starts breaking and staying above 50 ill think about cutting my short
And looking for Longs
Bit to hasty this morning taking this short
But in a few hours could be looking good

Good day,

Every time price rises a few pips - short stops run back to the 1.3800/1.3810 cluster. There, the bulk sits. Although open positions are only 2:1 short, those retail traders using/showing stop loss numbers, are 5.5:1 short. Still..

Cannot see the market allowing 11000+ positions profiting too much longer in favour of chasing after 1400 long stops..

We have 2 numbers as posted earlier

1.3757 to the upside
1.2915 to the downside

Both to be covered.

It may be because of the GAP left on the MT4 platform, that the stops remain up there. These stop clusters normally moves down as price drops as traders lock in or new traders enter. Price will therefor ZigZag between short- and long stops to feed from. (normally picking the higher volume stop clusters.

So - with 1.3757 as an upside target to be covered, coupled with the stop clusters @ 1.3800/1.3810 ( about 4000 stops combined) and the well disputed gap also in that region - could long be a more viable approach first?

Regards