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Spider's Den

EURUSD could reject from 1.0950-80, currently as presumed bought on dips. USDJPY still strong. I am in the trade also..bought 118.85 SL 118.40
Thanks! Probably, I will have to close my long on NZDUSD
USDJPY has been put in a heavy range waiting for FOMC. H1 chart shows no obvious movement , but watching H4 we can spot Higher Lows near the support of both intra month and intra week trend lines along with 78.6-88.6 deep retracement. 118.40 (L3) is interim support and as long as it holds USDJPY could bounce to 119.75 region ( H4, 23.6, upper trend line ). Only the break of 118.40 could tank the pair down to 117.90. So there is a possibility that USDJPY will be bought from current levels.

Attached Image (click to enlarge)
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Quoting nolimitz
Thanks! Probably, I will have to close my long on NZDUSD
There is still a possibility for a bounce but it should be restrained due to FOMC today + NZD official cash rate decision
What about EURUSD? Maybe it is very good time to short???
Quoting [email protected]
USDJPY has been put in a heavy range waiting for FOMC. H1 chart shows no obvious movement , but watching H4 we can spot Higher Lows near the support of both intra month and intra week trend lines along with 78.6-88.6 deep retracement. 118.40 (L3) is interim support and as long as it holds USDJPY could bounce to 119.75 region ( H4, 23.6, upper trend line ). Only the break of 118.40 could tank the pair down to 117.90. So there is a possibility that USDJPY will be bought from current levels. {image}
+50 and going
Quoting Aurimas
What about EURUSD? Maybe it is very good time to short???
I wont be making any positions now, 1h till US GDP news
Quoting [email protected]
{quote} I wont be making any positions now, 1h till US GDP news
I think US GDP news will fall below expectations, and the EURUSD to climb beyond 1.1050. My best guess. Let's see.
Quoting PariCovek
{quote} I think US GDP news will fall below expectations, and the EURUSD to climb beyond 1.1050. My best guess. Let's see.
Yes, there is 1.1050 in scope if GDP fails. That is a resistance. Above that 1.1115 is next target, but i wont gamble as today we have FOMC>
Quoting [email protected]
USDJPY has been put in a heavy range waiting for FOMC. H1 chart shows no obvious movement , but watching H4 we can spot Higher Lows near the support of both intra month and intra week trend lines along with 78.6-88.6 deep retracement. 118.40 (L3) is................
Just found out this thread.. It's nice to have someone in the same position
op @118.79
closed @119.30
Quoting jnfer
{quote} Just found out this thread.. It's nice to have someone in the same position op @118.79 closed @119.30
Welcome ! I will be buying the dips. On FOMC if the price gets close to 118.10 may buy it again
all i know i need to see this before weekend "If my view right" Technically
Attached Image
Quoting [email protected]
{quote} Welcome ! I will be buying the dips. On FOMC if the price gets close to 118.10 may buy it again
not too far...
i found support at 118.23
Quoting egkid
all i know i need to see this before weekend "If my view right" Technically {image}
i sell now 1.1145 sl 1.1175 tp 1.10 tp2 1.0970
First Target = yesterday high / low
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T Glad you like the look of USD JPY as I am in a trade on that one Entry 118.7 stop @ 118.4 TP 119.7
Quoting egkid
{quote} i sell now 1.1145 sl 1.1175 tp 1.10 tp2 1.0970
out 30-
Half position closed (+110 and +60) ...
Set the SL +1 for the other half position and let it dance with the market
Next target 1.1250 for EU and 0.9290 for CHF

Where is [email protected]? Did u take these trades? Interested to know your next R level.
Last night after RBNZ announced that it would put rates on hold but consider a cut on demand cues and just after the conference NZDUSD was hammered down with a gap. This gap is classified as a "Common gap" and it was preceded by M pattern. POC ( retail gap, L3, 61.8 ) presents a good spot to further short into the pair if the gap is closed at 0.7670-80 region. There is also an intra week trend line which makes up for resistance zone just above POC. NZDUSD should weaken further towards daily lows and 0.7540.

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Quoting jnfer
Half position closed (+110 and +60) ... Set the SL +1 for the other half position and let it dance with the market Next target 1.1250 for EU and 0.9290 for CHF Where is [email protected]? Did u take these trades? Interested to know your next R level.
Next important level is 1.1250, a break and close above will target 1.1355 and that is indeed bullish. Crucial to the downside is 1.1060 from intraday perspective, 1.0980 is strong support and if it is broken it could tank the pair down to 1.0880 - which would be neutral territory again.

Quoting egkid
{quote} out 30-
It hit SL then reversed....a bugger..

Quoting jnfer
First Target = yesterday high / low {image} {image}
Well done, nice one!
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