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  • #20,241
  • Nov 26, 2014 7:45am Nov 26, 2014 7:45am
Quoting jaylovin
i wonder if we go up again.. make or break after retesting breakout: {image}
Yes retest then boom. +40 atm.
  • #20,242
  • Nov 26, 2014 8:03am Nov 26, 2014 8:03am
"On EURUSD we can see W 1 2 3 bullish pattern after 2450 has been broken today. Yesterday 2465 level was broken and judging from current PA, the EURUSD is targeting 2520. 2560 is the major hurdle and resistance, so it would take strong fundamentals and momentum to break the level. Because price has failed to close below 2400 and 2465 was broken we assume that price is in bullish mode. Both intraday and intraweek ( red ) trendlines are supporting bullish PA in confluence to W bullish pattern. In addition, blue trendline is supporting W 2450 breakout."

good one
  • #20,243
  • Nov 26, 2014 9:56am Nov 26, 2014 9:56am
Quoting utalk
"On EURUSD we can see W 1 2 3 bullish pattern after 2450 has been broken today. Yesterday 2465 level was broken and judging from current PA, the EURUSD is targeting 2520. 2560 is the major hurdle and resistance, so it would take strong fundamentals and momentum to break the level. Because price has failed to close below 2400 and 2465 was broken we assume that price is in bullish mode. Both intraday and intraweek ( red ) trendlines are supporting bullish PA in confluence to W bullish pattern. In addition, blue trendline is supporting W 2450 breakout."...
Thanks
  • #20,244
  • Nov 26, 2014 2:26pm Nov 26, 2014 2:26pm
Quoting T@rantula
On EURUSD we can see W 1 2 3 bullish pattern after 2450 has been broken today. Yesterday 2465 level was broken and judging from current PA, the EURUSD is targeting 2520. 2560 is the major hurdle and resistance, so it would take strong fundamentals and momentum to break the level. Because price has failed to close below 2400 and 2465 was broken we assume that price is in bullish mode. Both intraday and intraweek ( red ) trendlines are supporting bullish PA in confluence to W bullish pattern. In addition, blue trendline is supporting W 2450 breakout....
This is very nice, already hit the TP. are we expecting to 1.2560 ?
  • #20,245
  • Nov 27, 2014 5:29am Nov 27, 2014 5:29am
Quoting moshnjack
{quote} This is very nice, already hit the TP. are we expecting to 1.2560 ?
Nah...only if 2530 is broken, but as I stated earlier, Thanksgiving + profit taking could drop the price down. Gold referendum results will be on Sunday and that will raise the eur and gold volatility.
  • #20,246
  • Nov 27, 2014 9:35am Nov 27, 2014 9:35am
There is a wide sell zone in EUR/USD from 1.2510 to 1.2600. The latter level is more attractive for selling with a narrow SL above 50 SMA which is now 1.2620.
Attached Image (click to enlarge)
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  • #20,247
  • Nov 28, 2014 7:15am Nov 28, 2014 7:15am
EURUSD has formed 3 buddha top, a variant of head and shoulders pattern. This pattern has a confluence with 61.8 and last top trendline.Due to excess volatility which could happen on Sunday ( Swiss Gold referendum ), take EURUSD trades with caution. 2510-00 is POC but have in mind due to above mentioned event, that stops should be put above recent highs ( 2610 ) targeting 2350 and 2280. The thing is as with any trade, you need to calculate risk. Recommended risk is 0.3-0.5 % per trade.

Attached Image (click to enlarge)
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  • #20,248
  • Nov 28, 2014 7:28am Nov 28, 2014 7:28am
Hi T
What that referendum mean for EUR CHF?
Bank of Swiss hold eur chf on 1.2 level. Is it possible to go EUR CHF on 1.0 or down because of referendum?
Thx
  • #20,249
  • Nov 28, 2014 7:47am Nov 28, 2014 7:47am
Quoting gasster
Hi T What that referendum mean for EUR CHF? Bank of Swiss hold eur chf on 1.2 level. Is it possible to go EUR CHF on 1.0 or down because of referendum? Thx
Yes. That is pretty up to the voting on sunday. I prefer not to have any CHF trades on going, this might be swanky swanky
Hero calls followed by margin calls...
  • #20,250
  • Nov 28, 2014 8:00am Nov 28, 2014 8:00am
Quoting gasster
Hi T What that referendum mean for EUR CHF? Bank of Swiss hold eur chf on 1.2 level. Is it possible to go EUR CHF on 1.0 or down because of referendum? Thx
The vote should be expected as NO. Even if there is a surprise as YES, I still think that SNB will defend the floor as it has more then enough resources to do it.
  • #20,251
  • Nov 28, 2014 8:05am Nov 28, 2014 8:05am
Quoting T@rantula
EURUSD has formed 3 buddha top, a variant of head and shoulders pattern. This pattern has a confluence with 61.8 and last top trendline.Due to excess volatility which could happen on Sunday ( Swiss Gold referendum ), take EURUSD trades with caution. 2510-00 is POC but have in mind due to above mentioned event, that stops should be put above recent highs ( 2610 ) targeting 2350 and 2280. The thing is as with any trade, you need to calculate risk. Recommended risk is 0.3-0.5 % per trade. {image}
Nice Buddha. Eye on this one
  • #20,252
  • Nov 28, 2014 8:17am Nov 28, 2014 8:17am
Quoting bolehbah69
{quote} Nice Buddha. Eye on this one
Thanks, keep it low risk.
  • #20,253
  • Nov 28, 2014 8:58am Nov 28, 2014 8:58am
Hei, it's falling
  • #20,254
  • Nov 28, 2014 9:36am Nov 28, 2014 9:36am
Quoting margin_stop
Hei, it's falling
  • #20,255
  • Nov 28, 2014 11:41am Nov 28, 2014 11:41am
very perfect analysis, thanks T! Wondering if it' ll reach 1.2350 today, don't want to hold open orders not knowing what SNB will come up to in weekend
  • #20,256
  • Nov 28, 2014 12:10pm Nov 28, 2014 12:10pm
Quoting margin_stop
very perfect analysis, thanks T! Wondering if it' ll reach 1.2350 today, don't want to hold open orders not knowing what SNB will come up to in weekend
Thanks, not sure about today thou. Keep the risk low.
  • #20,257
  • Nov 30, 2014 4:23am Nov 30, 2014 4:23am
I am bullish above 2570 for 2700..
I am bearish below 2400 for 2270..
But keeping risk in mind 2570 will the best short with lesser SL. As it is bearish one can wait till 2270 also. I am more interested to take that trade.​
  • #20,258
  • Dec 1, 2014 6:30am Dec 1, 2014 6:30am
AUDUSD is in a bearish trend and on intraday chart we can see a retail gap which is making for a confluence with DPP, then gap trend line , where both are below intraweek trend line. 8510-8500 could be the chance for new shorts targeting L5 around 8450. Australia is also a large producer of gold and SNB referendum decision does not go in favor of AUDUSD pair.

Attached Image (click to enlarge)
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  • #20,259
  • Dec 1, 2014 6:44am Dec 1, 2014 6:44am
This is the short interview i made with DailyFX.

You can read it here

http://goo.gl/iaIwuS
  • #20,260
  • Dec 1, 2014 7:10am Dec 1, 2014 7:10am
And some good news for FX traders

http://goo.gl/RClkDG
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