{quote} i disagree euro is strong euro will break all ressistance it will continue going reason: all my indi's bottomed out and there set to find tops and bottom.s (on different pairs) and they did BIAS : EURO LONG : medium GBP LONG: strong
{quote} In my opinion that might not be completely true. EUR has so far only shown signs of strength against the Yen and AUD. It's also 50/50 with NZD. It's still considerable weaker than USD, CAD, GBP and CHF. so I still think It has to do more to justify going long on it other than indicator overbought/oversold readings. Just my opinion though. I might be totally wrong of course.
{quote} In my opinion that might not be completely true. EUR has so far only shown signs of strength against the Yen and AUD. It's also 50/50 with NZD. It's still considerable weaker than USD, CAD, GBP and CHF. so I still think It has to do more to justify going long on it other than indicator overbought/oversold readings. Just my opinion though. I might be totally wrong of course.
{quote} This is what i got on ZzBB. It will swing today, latest on Monday ... and will down next week. For today, my Sell target today is around 1.2838. There is unfinished job at zone 2836-2840. It will go up again today/Monday to reach upper BB, then it will be a long down next week ... {image}
{quote} a bit early to the party though. Scout entry, very small risk...
i will see at around 2870-2877 as my first zone. This area is almost surely will be hit. If it goes lower, next 2836-2840 is my last target for today.
Ordinarily I wouldn't trade two strong currencies against each other at any given time, but just to help illustrate how I leverage trades off potential TZs and/or RZs, here's a juicy one cooking on USDCAD...(like I said this just for illustration purposes. This is in no way a high probability setup for the simple fact that USD and CAD are both very strong currencies at the moment. This just for illustration purposes. Now imagine if one of them was extremely strong and the other extremely weak...AHA...like USDJPY?{image} {image}
{quote} This is a good idea, will try it. Thanks mate.
{quote} sweet! GBP/AUD 273 pips GBP/NZD 186 pips EUR/nzd 88 pips what about tomorrow?
{quote} sweet! GBP/AUD 273 pips GBP/NZD 186 pips EUR/nzd 88 pips what about tomorrow?
Main trade still doing well...clocked 210pips at a point. 166pips locked in... just enjoying the ride.
{quote} sweet! GBP/AUD 273 pips GBP/NZD 186 pips EUR/nzd 88 pips what about tomorrow?
{quote}.....They are both strong currencies, so there might be a tendency to range and/or whipsaw a bit. I only posted the setup as it was forming in order to illustrate how I play the TZs/RZs...trade safe.
{quote} careful with the EURNZD though. I don't see EUR winning that one longer term. Just my thots.
{quote} thank you for your reply my BIAS is up EUR/NZD is STRUGGLING BUT IT TESTED 61.8 FIB couple times it want.s to go there and beyond if it doesnt? thats fine ill short but from looking at the charts ! it wants to go up your input is highly appreciateed!
