Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by PIP Slap

Hopefully this plays out. Got the idea somewhere else but looks to be playing out. If Chinese data shows slow down then we should see a nice pop and drop. Good luck everyone.
Hard to squeeze out all the shorts when all US traders have lower leverage now. This run up should end soon.
RSI divergence.

9:50 take your short position and your stop 100pips away...you will be ok for a drop.

That chart say it all but set your limit order, this is not the "drop" yet.

Originally Posted by Thomas Long

Here is the easiest way to post charts so that they show up right on the post:

1. Call up the chart on your computer screen.

2. Press the Print Screen key on your keyboard. (Upper right hand corner)

3. Open up a Paint Document.

4. On a Blank Page in Paint, Paste your image by hitting CTRL+V, or right-clicking your mouse and scrolling down to PASTE.

5. Use 'SAVE AS' and name your image. Save your document as a JPEG. Save this onto your DESKTOP, so you can find it easier.

6. On the DailyFX forum, when you post, scroll down to MANAGE ATTACHMENTS and hit this button.

7. In the small window that appears, hit BROWSE, and locate your image (remember it's on your desktop) and press open in the windows box after you find it. Now press UPLOAD.

8. Wait for the image to upload.

9. Then press close window.

10. Scroll back up to your post section.

11. Press Submit Reply.

12. You now have a chart for us to see what you are seeing.

lol, how many time you have to post this?

Release of Chinese Data Could Set the Tone for Tomorrow

If the Chinese data is good watch out this could play out.

potential massive inverted head and shoulder forming. Good luck

I hope this is the where it is going. I have some big shorts here!!!!!

The downtrend channel has been invalidated when price hits 140. And if my understanding of a short squeeze is correct, price will rise above 14050...

(It's not a squeeze if the shorters are still shorting...)

We have two possibilites here: correction down or rocket move to the moon, where the latter should promise more profits.
Inverse H&S is forming in 1h chart, but im not so convinced yet as stock index not showing any momentum, and AUD is back into short term downward channel just few pips below the resistance.
so this 70 pips rally of EUR in past 1 hour maybe could be faded by enter short with small stop loss.
OR wait and see if it breaks the resistance for inverse H&S formation and enter long to ride all the way up.
I'm short AUD at the moment try to benefit on correction move.

Hi alll........

I see (chart 4h) that is filled with the right shoulder with the formation of Inverse H & S. Overcoming 1.4000 will have a moment ... and then the attack on 1.4158 and then travel to the north ...

Maybe someone has a different opinion ..?

Regards
andy1

EUR/USD October 21, 2010

EUR/USD ended the series of lower tops and lows during yesterday's session. Price did also create a higher low at 1.3880 during the Asian session which shifted the short term momentum and established an up trend.

Price has know broken above 1.40 and as the short term trend is rising we need to assume that price will reach 1.41 as long as price trades above the immediate lower bottom at 1,3880.


Should prices trade above 1.41 then 1.4175 will be our next target (R2). Should prices fall below 1.3880 then the short term trend is broken and price will probably reach 1.3775 which is today's S1 level.


EURUSD 60 min chart



Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

Originally Posted by andy1

Hi alll........

I see (chart 4h) that is filled with the right shoulder with the formation of Inverse H & S. Overcoming 1.4000 will have a moment ... and then the attack on 1.4158 and then travel to the north ...

Maybe someone has a different opinion ..?

Regards
andy1

STAN DA MAN WID DA PLAN....... U r spot on......... played it well and played it right...
4075 imp......... break higher and good to head towards 4190 region...
4017-22 should contain dips...........

GL....

Originally Posted by piri

We have two possibilites here: correction down or rocket move to the moon, where the latter should promise more profits.
Inverse H&S is forming in 1h chart, but im not so convinced yet as stock index not showing any momentum, and AUD is back into short term downward channel just few pips below the resistance.
so this 70 pips rally of EUR in past 1 hour maybe could be faded by enter short with small stop loss.
OR wait and see if it breaks the resistance for inverse H&S formation and enter long to ride all the way up.
I'm short AUD at the moment try to benefit on correction move.

Well it breaks!, Long is triggered @1.4038, let see if this is true breakout, Im very pessimist given all those missing expectation of EUR PMI

As most of you guys noticed price broke above resistance. A smart way to get the timing of an entery correct is to buy the correction of the breakout.

Below we see a 15 min chart with fibonacci levels. 1,3980 and 1,40 is an interesting area. Yet remember that price might "run away" from us.

As long as price does not fall below 1,3925 which is the important low of this uptrend in the 15 chart then price should head higher.


15 min chart.


Thanks
Alejandro | DailyFX forum

Originally Posted by Alejandro Zambrano

As most of you guys noticed price broke above resistance. A smart way to get the timing of an entery correct is to buy the correction of the breakout.

Below we see a 15 min chart with fibonacci levels. 1,3980 and 1,40 is an interesting area. Yet remember that price might "run away" from us.

As long as price does not fall below 1,3925 which is the important low of this uptrend in the 15 chart then price should head higher.


15 min chart.


Thanks
Alejandro | DailyFX forum

thanks Alejandro for this nice tips, I always think price will run away from me which makes me break some of my rules sometimes, but im trying to improve this everyday ;-)

Something to consider. EUR/GBP is near to resistance. Eur/usd stoped near to 23.6 fib level from recent travel to the down. 5 wave down on 1 min chart can be count. Still it is only probability. We even may go further up to 1.41 and only there reverse or even not reverse.

[QUOTE=Alejandro Zambrano;632205]As most of you guys noticed price broke above resistance. A smart way to get the timing of an entery correct is to buy the correction of the breakout.

Below we see a 15 min chart with fibonacci levels. 1,3980 and 1,40 is an interesting area. Yet remember that price might "run away" from us.

As long as price does not fall below 1,3925 which is the important low of this uptrend in the 15 chart then price should head higher.