{quote}
EU long. {image}
Member
- #1,082,884
- Dec 7, 2016 6:32am Dec 7, 2016 6:32am
- Joined May 2014 | Status: From1toMillion | 9,471 Posts | Online Now
Everyone can see the chart, but only a few can actually read it.
- #1,082,885
- Dec 7, 2016 6:35am Dec 7, 2016 6:35am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Short @1.0726 TP @1.0683 Will look for a long set up once it gets there and it will get there today.
Excuse me though, why do you think 1.0683 it is a sure thing for today?
Member
- #1,082,889
- Edited 7:03am Dec 7, 2016 6:50am | Edited 7:03am
- Joined Dec 2015 | Status: Trader | 2,405 Posts
{quote} Thnx so much to share that! Excuse me though, why do you think 1.0683 it is a sure thing for today?
1.0683 - 38.2% ret level from Monday's low to 3 week high 1.0796.
It has been consolidating around the very important 1.0726/1.0736 for the past several hours. It wants to go up, yet it just doesnt find enough momentum. EUR price action behaviour is just that it seeks buyers or sellers if it can not make the move according to the trend. Trend is up but pa lacks buyers. It needs to go down and see whether demand is somewhere below 1.0700 and 38.2% is a minimum test.
One additional note, please check 4H chart, you will see that second large bullish candle close on Monday @ the exact same spot and there is a hidden gap attached to it.
I agree that 1.0760 would be a better short but doubt it can get there now and if it does will add some more shorts into the trade.
- #1,082,890
- Dec 7, 2016 7:04am Dec 7, 2016 7:04am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Member
- #1,082,891
- Dec 7, 2016 7:18am Dec 7, 2016 7:18am
So I think I'll short CAD. Why? : ...there are clearly 50 pips at least at the key support (TL) on daily chart Guys, BOC decision and meeting is the most important event of the day! OPEC ok for Oil lately {image}
- #1,082,892
- Dec 7, 2016 7:25am Dec 7, 2016 7:25am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Good idea to jump ship. The river is still flowin but this EU ship is in coma. Lol....pals jummmmp ship !!!
Listening to them I've shorted myself 1.0735
...anyway, so far so goodWatch out for the NR7 pattern
Member
- #1,082,895
- Dec 7, 2016 7:32am Dec 7, 2016 7:32am
{quote} Hey, lttle respect for E/U ...people here have plans for today to go dip over 40 pips on this ahead ECB mass melancholy
- #1,082,896
- Dec 7, 2016 7:34am Dec 7, 2016 7:34am
{quote} Hey, lttle respect for E/U ...people here have plans for today to go dip over 40 pips on this ahead ECB mass melancholy
trap! run, run, run!
- #1,082,898
- Dec 7, 2016 7:42am Dec 7, 2016 7:42am
- Joined May 2014 | Status: From1toMillion | 9,471 Posts | Online Now
So many people opening shorts...makes me feel nervous...this is never a good sign, rather staying out. 
Especially when looking at how H4s are building up...not bearish at all...at least not for now.
Especially when looking at how H4s are building up...not bearish at all...at least not for now.
Everyone can see the chart, but only a few can actually read it.
- #1,082,899
- Dec 7, 2016 7:44am Dec 7, 2016 7:44am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
thank you for that ...it's just my uncle, Tudor. I don't listen to him too often, but it seems I shouldResult? closed my scalp short
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