EURUSD

Bed time.

Lets see how this goes.

is it long or short ?

Of course long

Pin forming on the GBP/USD 4 hour.

Not yet ... looking at 137.40 now since selling was strong today ... market is not easy to trade atm.

Bear too much disturbing here. If price run above 1400 it will get access to 1500 as well cause of the fag bear boys

agree

1. 140.3 Lots 63%SHORTS

Mid of nowhere

Since bear is wasting strength it has to break 1250 before giving up for better chance. That way destructive buying pressure will ease a bit. If bear fail before 1250 there will be no mercy for its stubbornness at current level. I mean no 1350 access before 1250

EUR/USD in narrow rang for the second day unsuccessfully trying to broke above the 1.1380.

It will break it withing this wave or next one but question is how much strength it will consume.
The 2nd wave is running in bigger TF

Consolidation continued today for EUR/USD. That said, I noticed that a double top has formed in the four hour filter chart, so I think there might be a move to the downside soon.

Since few days, the price close near top of daily range. Could be as well today.

Beware of squeeze higher especially on hopes that Merkle could bring something today which might ease Greek issue.

EURUSD 4H OVERVIEW

Price tried its best to go north but as expected the red dotted area acted nicely as a strong rejection zone. Who continuously shorted there had good profit.

Likewise, the south edge around 1.1250 also supported strongly and leave us experienced traders very profitable opportunities to risk longs and make some serious profits on this lovely trading day.. those who didn't care much to the almost same chart I shared in the morning had probably some trouble.. anyway, day is over and the best is let go of all the stress for tonight.

What's next: As long as price can't hold above 1.1350 bull power can not take control. We will watch what pa does near 1.1350 on the upside or 1.1285 on the downside. As long as we are inbetween these values pa goes sideways and it gets narrower.

See ya tomorrow..

Today has been good but may take a break from trading until PA leaves this particular range, looking for a strong BO or none at all. Feb for me was one of my worst months for a long time.

lets see short GPBJPY

EUR/USD was hesitant yesterday and expectations are neutral. Generally price is still in the upward phase after the bounce from 1.0819, but the main prospects are bearish. A key resistance is seen between 1.1350 - 1.1465, a good place for sales with tight stop loss above 1.1465. The nearest support is at 1.1240. A clear break below it could trigger further bearish pressure testing 1.1180 but remains important support of 1.1050.

i think we all here will never see 1.05 again in EURUSD..... maybe our sons...

I am afraid you are right....

Problably neither 1.08