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  • #18,541
  • Mar 13, 2014 4:47am Mar 13, 2014 4:47am
Quoting danc
{quote} MMMMMM... better post that up on wall
Yea will do that prolly


Quoting FX MiG
{quote} I think that we are going to see another push up. 3960
Yes it is important level.


Quoting Munal
GU After forming daily pin on key support area price has shoot up for 8x pips to north. On hourly chart we have seen a nice pin bar formed on resistance, keeping profiting taking . On hourly we have see nice rejection and am expecting a long on 6626 / 6640 area. targeting 1.6767 area. EU: Heading Towards 1.42xx area {image} {image}
Nice analysis Munal. So far EUR has been reaching for 1.4000 but we could have some retracement later to 3930-3915 prior to next swing up?? hmm, lets see. USD unemployment data later could give us a second PB entry towards 1.4000



And, I like when I see so healthy conversation on the thread
  • #18,542
  • Mar 13, 2014 5:10am Mar 13, 2014 5:10am
My view on EURUSD is that we need to wait for retracement prior to entering new longs. Its hard to draw fibonacci while the second candle after the prior high has not yet closed.

We can see a multiple confluence around 1.3920-15 zone, so id rather wait for a retracment down there and watching MACD momentum turning down before entering new long. 3985 should be next resistance prior to 1.4000. I will wait for US data release later in the afternoon and then we will see if retracement happens. Also reversal patterns have not been formed yet so we should wait before entering shorts.

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  • #18,543
  • Mar 13, 2014 5:20am Mar 13, 2014 5:20am
Quoting T@rantula
My view on EURUSD is that we need to wait for retracement prior to entering new longs. Its hard to draw fibonacci while the second candle after the prior high has not yet closed. We can see a multiple confluence around 1.3920-15 zone, so id rather wait for a retracment down there and watching MACD momentum turning down before entering new long. 3985 should be next resistance prior to 1.4000. I will wait for US data release later in the afternoon and then we will see if retracement happens. Also reversal patterns have not been formed yet so we should...

Yes T , Looking same area 3915 area with 38.2 Fib Level and a previous resistance too. which has been broken today, if retracement to that level and with multiple confluence makes strong area. Any Pin bar formation in that area within a trend (inside 8/21 EMA) will be a nice buying opportunity.


**** 3893 is still area to join this bullish move ....
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  • #18,544
  • Mar 13, 2014 7:33am Mar 13, 2014 7:33am
Quoting Munal
{quote} Yes T , Looking same area 3915 area with 38.2 Fib Level and a previous resistance too. which has been broken today, if retracement to that level and with multiple confluence makes strong area. Any Pin bar formation in that area within a trend (inside 8/21 EMA) will be a nice buying opportunity. **** 3893 is still area to join this bullish move .... {image}

Hey Munal, yes the zone should give us long chance after the pullback. ALso, I can see that you are using Barry's support and resistance ( blue and red dots ). Is it set on H4 or daily?
  • #18,545
  • Mar 13, 2014 7:56am Mar 13, 2014 7:56am
Quoting T@rantula
{quote} Hey Munal, yes the zone should give us long chance after the pullback. ALso, I can see that you are using Barry's support and resistance ( blue and red dots ). Is it set on H4 or daily?
I use that on 4HR TF.
  • #18,546
  • Mar 13, 2014 8:00am Mar 13, 2014 8:00am
Quoting Munal
{quote} I use that on 4HR TF.
Yep its a good visual representation of s/r levels
  • #18,547
  • Mar 13, 2014 10:17am Mar 13, 2014 10:17am

  1. Dec 23, 2013 2:45pm

Quoting egkid
e/u in my view in uptrend since october 2002 i wait the sign for trend change,But it go no where before touch over and over 3950 New year will b fun cya
AT last 1.3950 here we go
  • #18,548
  • Mar 13, 2014 12:57pm Mar 13, 2014 12:57pm
OUT OF THE BLUE:

ECB conference wasn't mentioned in FF calendar? Dont know why...as it is VERY important and FF calendar should had it there. Also Earthquake hitting Japan.

http://www.forexlive.com/

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  • #18,549
  • Mar 13, 2014 1:11pm Mar 13, 2014 1:11pm
Quoting egkid
Dec 23, 2013 2:45pm {quote} AT last 1.3950 here we go
I like to long again target 3950 again
long 3850
  • #18,550
  • Mar 13, 2014 1:16pm Mar 13, 2014 1:16pm
Quoting egkid
{quote} I like to long again target 3950 again long 3850
hope it will be ok...I will stay away from EURUSD atm
  • #18,551
  • Mar 13, 2014 1:28pm Mar 13, 2014 1:28pm
Quoting T@rantula
{quote} hope it will be ok...I will stay away from EURUSD atm
wise but i want to see if i'm right or wrong , it's small trade :-)
  • #18,552
  • Mar 13, 2014 1:31pm Mar 13, 2014 1:31pm
Quoting egkid
{quote} wise but i want to see if i'm right or wrong , it's small trade :-)
I would like you to be right. TECHNICALLY you are. But when price is SO FUNDAMENTALLY driven, then ofc, we use small trades
  • #18,553
  • Mar 13, 2014 2:08pm Mar 13, 2014 2:08pm
Quoting egkid
{quote} wise but i want to see if i'm right or wrong , it's small trade :-)
1h close above it so that's good sign for me
  • #18,554
  • Mar 13, 2014 8:57pm Mar 13, 2014 8:57pm
Actually there is a fib right at 3966.. No news - technicals..
  • #18,555
  • Mar 14, 2014 3:43am Mar 14, 2014 3:43am
Quoting egkid
{quote} I like to long again target 3950 again long 3850
morning all
position still in play
  • #18,556
  • Mar 14, 2014 4:41am Mar 14, 2014 4:41am
Quoting egkid
{quote} morning all position still in play
Quoting jaylovin
Actually there is a fib right at 3966.. No news - technicals..
Yes I completely agree with you. That is why i said -"technicals". When fundie driven pa kick in then usually price may exceed technical entry point bu 2 or 3 supports ( as it was case yesterday ) or resistances. Now as the day progresses the price is correcting itself. I will do the analysis.
  • #18,557
  • Mar 14, 2014 5:06am Mar 14, 2014 5:06am
From technical standpoint we can see that EUR has been technically rejected from 3850 area as there is a confluence of trendline and last swing 88.6 fib. Now the hurdle is 3887-3905 region where EUR is facing multiple resistance. If that region stays intact there might be a probable retest of 3850 and the break of 3850 will target 3830 first and 3810 afterwards. Above 3905 , 3930 and 3960 are still targets.

My opinion is that if resistance holds we will see another swing down maybe to that 3830-15 level if profit taking occurs later today. The ideal entry was 3850-60 yesterday but so far EUR is really struggling to break that DPP/H3 zone resistance. I advise using trailing stop for entries.

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  • #18,558
  • Edited 5:40am Mar 14, 2014 5:27am | Edited 5:40am
Quoting T@rantula
Now the hurdle is 3887-3905 region where EUR is facing multiple resistance.. {image}
Yes T Agreed.
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  • #18,559
  • Mar 14, 2014 7:11am Mar 14, 2014 7:11am
Quoting Munal
{quote} Yes T Agreed. {image}
Yes Munal, your chart also shows it.. You see 3895 having multiple rejections now.
  • #18,560
  • Mar 14, 2014 8:36am Mar 14, 2014 8:36am
CHFJPY had a sell off yesterday and now its having a retracement up to POC confluence zone around 116.30-40. Will pay attention to that level and we might see another swing down around the zone. There is double fib swing and trendline which are making the resistance to price as retracement. If the price overshoots it violently it may form W bullish pattern instead.

So i am definitely paying attention to these levels.

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