priceaction1 journal

due to choppy action of market looking for best timing no trade yet

analysts at BNP Paribas wrote in a note to clients.

The euro plumbed a one-year trough against the dollar on Tuesday as prospects for further easing by the European Central Bank weighed on the currency along with weak eurozone data and the resignation of the French government.

Hot on the heels of http://www.forexpeacearmy.com/forex-...lossarlink.gif http://www.forexpeacearmy.com/forex-...lossarlink.gif ECB , a report released on Monday showed German business sentiment sagged for a fourth month running.

Speculation the http://www.forexpeacearmy.com/forex-...lossarlink.gif http://www.forexpeacearmy.com/forex-...lossarlink.gif basis points below zero percent .

Kyosuke Suzuki, director of forex at Societe Generale in Tokyo, said euro was contending with a http://www.forexpeacearmy.com/forex-...lossarlink.gif http://www.forexpeacearmy.com/forex-...lossarlink.gif bearish factors.

"Euro/dollar is vulnerable to testing new lows. A downtrend is easily formed given the opposite directions Fed and http://www.forexpeacearmy.com/forex-...lossarlink.gif http://www.forexpeacearmy.com/forex-...lossarlink.gif bearish factor," Suzuki at Societe Generale said.

"We expect the broader trend of euro weakness to persist and remain short EURGBP in our recommendations portfolio targeting a decline to 0.76,"

Sive's analysis

Now about technicals... Although recent comments and sentiment extremely http://www.forexpeacearmy.com/forex-...lossarlink.gif bearish , don't panic. Yesterday we've even got a gap down, but the reason for this - daily AB=CD target. On Friday market has not quite reached it and finished it on Monday.
EUR still stands at strong weekly http://www.forexpeacearmy.com/forex-...lossarlink.gif support , daily oversold and Agreement. Chances on bounce still here and probably we will get it. At least right now is not the time to think on short entry yet.
Currently we have only one concern - pattern. By which pattern market will http://www.forexpeacearmy.com/forex-...lossarlink.gif http://www.forexpeacearmy.com/forex-...lossarlink.gif Fib level, WPR1 and daily overbought, but potentially 1.35 K-area also could be reached.

On intraday charts we do not see anything interesting yet. In general this gap down reminds me "Island" reversal pattern. Usually it appears on commodities that have daily close time, i.e. break in trading sessions. Thus, on EUR we will not get gap up probably, but technically it looks very similar. Let's see what patterns market will form on hourly.

my AudChf idea is published here

hospitals!!! ​

Sorry to hear.
Get Well!

Some good entries going around today, minimal DD

open hart surgery soon pray for me!!!!

May God be with you!

You are going to get well soon.... take care & have some rest & then we will make more money later.

Stay strong things will get well soon.

Get well soon.

I am wishing for your happy return my friend.

Sorry to hear about this, wishing you all the best get well soon.

Bro, Missing your action....

Got some good trading going on, hope you get well really soon....

AudJpy & CadChf

I am back recovering,
last three days! just 450%
Profit Factor:4.26


Total Trades:43Short Positions (won %):21 (80.95%)Long Positions (won %):22 (95.45%)
Profit Trades (% of total):38 (88.37%)Loss trades (% of total):5 (11.63%)

Priceaction1,

PA1, I sent you an email via [email protected]. Please kindly check. Thanks.

Shepherdl.
sorry for late reply. I disclose my system i.e if you have 1000$ for trade use only 75-100$ with high leverage 1:888 (0.5 LOT). lock profit when profit reach more than 70-100$. some time these 75-100$ wash out ; that's why I don't encourage to copy my trade. it is MM which save you.

thank you for all your good wishes! I am recovering!