We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
DislikedT@rantula, what have you done with the UJ trade? if I'm not mistaken the stop you suggested was around 119.40 no?Ignored
DislikedT@rantula, what have you done with the UJ trade? if I'm not mistaken the stop you suggested was around 119.40 no?Ignored
DislikedEURUSD and other USD pairs completely reversed the trend mainly due to USD weakness then their own strength. It creates some uncertainty for swing traders and short term traders whether totake long or short positions. Situation is 2 fold at this point. EURUSD can be traded both ways. ECB is expected to extend QE programme beyond 2016 and FED probably will not hike in 2015 as i already explained. Of course there is always a scope for a surprise but that is how i see things now. Technically speaking EURUSD has made a W pattern and we can see clearly...Ignored
DislikedEURUSD and other USD pairs completely reversed the trend mainly due to USD weakness then their own strength. It creates some uncertainty for swing traders and short term traders whether totake long or short positions. Situation is 2 fold at this point. EURUSD can be traded both ways. ECB is expected to extend QE programme beyond 2016 and FED probably will not hike in 2015 as i already explained. Of course there is always a scope for a surprise but that is how i see things now. Technically speaking EURUSD has made a W pattern and we can see clearly...Ignored
DislikedAs I already stated a couple of times, USDJPY is range bound with a bit more buying into dips. Presumably it is done by institutional traders as we can see from the chart. Scholastic example of double bottom vs V shaped reversal spike the pair up close to 120.00 level. Interim resistance zone lies at 120.00-10 ( channel top + H3 ) and we could see some selling towards 119.40 which is important support. I would pay attention to 119.00-118.80 zone as the dip in could be used for some short term buying towards 119.85-120.05. POC ( L3, 61.8, historical...Ignored