EURUSD

EURUSD - Long @ 1.3430 SL: 1.3420 / TP: 1.3470

it has done absolutely nothing for 7 hrs, and you now decide a long, not saying its right or wrong, just wondering what changed to make your decision now?? inside info???

Looked at the 1hr, and used the coin flip theory.. It was heads. Maybe its just out of hope, but I would assume that a break below 1.3420 would result in further short. Wouldn't be my first time being wrong, nor my last.

I'm sensing a long on EU with a potential target @1.3455
Looking to long on a good setup if I see one. EJ is looking like an even better long with a target @136.970.

Green pips everybody!

I believe there is still a chance for a short at least till next week

No question it is going much lower to at least around 1.33 area but it should bounce up to
1.3549 - 1.3575 first.

Just closed my longs for quick profit and opened short here (Intraday) looking also for few pips on the short side now..

Good Morning !

Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD

http://www.forexfactory.com/showthre...20#post7634120

Liking what i see on your pic. Lets hope it gets that high.

Short EJ @ 136.850 SL 136.927 TP 135.956

I think not, this looks like a setup for break higher.

Have tight SL

Good morning,

I would agree that EU appears to want to push upward, but that is my opinion based on my scalping theory. Have a look at my 1hr chart.

Do you see the last bear candle to close on the 1HR? Do you see how it failed to engulf the BULL candle before it? Well that is a strong sign that a reversal is setting up.

You can have a look at the last time the very same setup occurred.


The first arrow marks the very same setup which I have described above. You can then see that after the first candle followed a bull candle, and once that candle was engulfed (second arrow) we took a further dip on EU.

That bull candle which opened 2 hours ago is the key to any move up or down. If we have a fake towards it's low, without a close under it, then we should have a very strong move to the upside. Should we close under that green candle then you can kiss your longs good- bye as we will be looking to print a brand new low on EU.

At this current moment EU is a swing trade long.

Selling rebounds will be easier than trying to call a bottom at least until there is a clear sign of reversal.

OUT

Excellent. EU has now hit it's main pivot. So now we must expect a pull back, and accumulation before we get confirmation on the 1hr chart of a reversal to the upside. I personally will await a retest of 1.3429. on the 1hr. If we get a rejection as we did last time, then I will enter a long once again.

Based on the distance between my MA lines, a breakout to the upside will not occur unless it is PR driven.

well said .... we will see whats happening....

Right now it's very hard to take either side. It needs to make a significant close above 1.3440/50 area, or break below 1.3420.. Price is not OS/OB on any of my intraday timeframes, I am flat atm.

If entering long, I would rather wait to see if 134 gives way and enter in the 133.85 area

I would not recommend looking at longs yet. We are crawling upwards in a channel, best seen on 30m 15m. DP is above at 3441, friday resistance is also there, shorts very much still in play, i just added to shorts at 3437. TP is still down at the 3380 area. Are we unlucky we will crawl for a couple of days.