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EURUSD

  • #1,067,141
  • May 16, 2016 1:41am May 16, 2016 1:41am
Quoting PatienceFx
{quote} nothing on this chart to justify a long and definitely nothing as yet to justify a short so just waiting for a strong reason to trade {image}
1321 is the key for now so lets see what happens
  • #1,067,142
  • May 16, 2016 1:42am May 16, 2016 1:42am
Quoting alayinizAMK
{quote} your ma's touching and this could in fact indicate some fresh s/r
it could mean anything, i do not trust ma';s too much as price action
  • #1,067,143
  • May 16, 2016 1:48am May 16, 2016 1:48am
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #1,067,144
  • May 16, 2016 1:50am May 16, 2016 1:50am
Quoting PatienceFx
{quote} nothing for the time being sideways to 1359 possibility i am just waiting for a stronger reason to go long h1 rsi is still below the 50 level so dangerous to go long
Yeah I see the the 1 H chart also.
If it goes till 80 rsi iam short.
  • #1,067,145
  • May 16, 2016 1:52am May 16, 2016 1:52am
going long with tight sl 1.1310 tp 1.1360

i might be wrong, lets see

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  • #1,067,146
  • May 16, 2016 2:01am May 16, 2016 2:01am
Quoting PatienceFx
going long with tight sl 1.1310 tp 1.1360 i might be wrong, lets see {image}
looks like plan will work
  • #1,067,147
  • May 16, 2016 2:03am May 16, 2016 2:03am
Quoting PatienceFx
{quote} looks like plan will work
adding another long on confirmation

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  • #1,067,148
  • May 16, 2016 2:26am May 16, 2016 2:26am
Quoting PatienceFx
{quote} adding another long on confirmation {image}


I agree with you
  • #1,067,149
  • May 16, 2016 2:30am May 16, 2016 2:30am
I am waiting for short signal.
  • #1,067,150
  • May 16, 2016 2:32am May 16, 2016 2:32am
Quoting Raa
I am waiting for short signal.
Me to.

I think the long term is still down with that strong data from Friday.
  • #1,067,151
  • May 16, 2016 2:33am May 16, 2016 2:33am
remember this trendline from last week ?

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  • #1,067,152
  • May 16, 2016 2:48am May 16, 2016 2:48am
Bulls
As mentioned last week, EURUSD broke through support at 1.14 and continued lower. It seems like deeper correction is on the way. Bulls could wait another while until the price finds some floor around 1.1150. There are many technical levels lined up in the narrow zone. This should attract technical bulls and the price could reverse to the upside. I suggest to look for bullish reversals on smaller time frames after the price prints 1.1200 area.
Bears
Short terms bears should have had some clear opportunities to enter positions last week. If you took an advantage of these, and you are still in the position, I advise you hold them until 1.12. For those who want to enter shorts I advise to wait for the price to correct to the upside. There is a support at 1.1380, which will now act as a resistance. That level is likely to attract some sellers. Keep the stops tight and aim at 1.12 as a profit zone.
  • #1,067,153
  • May 16, 2016 3:09am May 16, 2016 3:09am
Quoting andoseg2
It should push slightly up. A lot of traders will buy here. The greater trend is down but Daily timeframe is a correction and it appear as bullish. Because the major trend is bearish, it is more viable for me to look for shorts than longs. If the price push below the support, a lot of aggresive sellers will join the new move. {image}
Update : trade triggered, risk management should be taken :

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Money moves the market, not an indicator.
  • #1,067,154
  • May 16, 2016 3:31am May 16, 2016 3:31am
The potential for a northward EU move is high. However, 'how far will it move?' is the question. There are still some barriers to clear around first the WP (1.13400) and second the MP (1.13772). I prefer to wait and watch.

KP
Do your homework, follow the footprints of smart money
  • #1,067,155
  • May 16, 2016 3:35am May 16, 2016 3:35am
Quoting KeenPips
The potential for a northward EU move is high. However, 'how far will it move?' is the question. There are still some barriers to clear around first the WP (1.13400) and second the MP (1.13772). I prefer to wait and watch. KP
I fully agree with your assessment. I'm looking for the pair close above the 50 and 10-day moving averages to trigger a good buy signal.
  • #1,067,156
  • May 16, 2016 4:15am May 16, 2016 4:15am
EUR/USD is trading at 1.1320 after making a low of 1.1283 which appeared to be prior pivot point and gave bulls some confidence that they might be able to turn the price around. Main trend remains bearish on the short-term with first bear target 1.1270.
  • #1,067,157
  • May 16, 2016 4:17am May 16, 2016 4:17am
Attached Image
  • #1,067,158
  • May 16, 2016 5:00am May 16, 2016 5:00am
Quoting PatienceFx
remember this trendline from last week ? {image}
sl hit plan failed, simple
  • #1,067,159
  • May 16, 2016 6:28am May 16, 2016 6:28am
I'm waiting for correction in the north, h4

I hope
  • #1,067,160
  • May 16, 2016 6:42am May 16, 2016 6:42am
The major trend still bearish, i think 1.1323x-1.1333x is resistant area... if broken the swing towards 1.136xx

good luck
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