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

stryker you got any trendlines for mid to low 143's ?

Originally Posted by Spartan_Forex

stryker you got any trendlines for mid to low 143's ?

I have it sloted to drop to 1.437 based on the 4h chart.
1.435 based on the 1 h and 30m

Originally Posted by Cosco

I like this idea too. Every friday I fear the EURUSD trap that nobody is waiting for. It seems an interesting possibility ...

Me like this idea too. Friday is a mover.... one directional, usually break some support... major ones....

Originally Posted by Spartan_Forex

stryker you got any trendlines for mid to low 143's ?

I think now price is more likely to travel thru 4388-90 supp to 4463.. I think this now been dual is more likely to provide a bounce and if this break u should not be worried about mid 43 (even low) for a while.
My second chart shows possible dual resis if the price breaks under 4463.
The resting spit then could come around 4260-66..
Last chart is a simpler version..
4430 is 4hrs and 30 mins which held pointing to south,
4388-90 is supp followed by 4463 which is imp on 4 hrs..
Either 4430 TL break or 4463 break or bounce should dictate the price action..
Price is undecided..
GL..

closed short, gave back 10 pips. gonna sit and wait. price action is scaring me.

got a partial short in lets see if the bears mean business now

Originally Posted by Spartan_Forex

closed short, gave back 10 pips. gonna sit and wait. price action is scaring me.

got a partial short in lets see if the bears mean business now

mm too. Just gonna watch a while longer, seems directionless right now. Should clear before long, we have talking heads messing with the world.

6/17 6:45pm NY NZ CPI

Originally Posted by looker22

um.. anyone still trying to short? =/

Yes, me, shorting Now !

This may offer a clue as to what is occurring

Have a look at GOLD before shorting,
its rising , creating another high, just touched 1486.00 as im typing,
took a long from 1.4420 s/l at +1 ,still holding it lets see how it goes....

Happy trading....

i swear some of these brokerage firms make AL Capone, look like a Eagle Scout.

Originally Posted by nopainnogain

i swear some of these brokerage firms make AL Capone, look like a Eagle Scout.

Would you care to elaborate??????????

Blaiserboy knows where it is going. wave 2 finished up at .764 retrace level soon enough 3 will come to life, well more than it is.

Of course the alt count is D in route and E to follow the result will be the same though.

Anyway Elliott channell suggests 3 days of trading before toping out.

catch ya in a couple hours.

here is what i'm seeing for the remaining day. Range 1.40/70. Next week will try for 1.4530 again and potentially fail again. This upcoming week could be a momentum shifter seeing we can't close above 1.45. Candles are looking like there is a top being put in place(daily chart). IMO...Now time to go for a run.

This flat top I see on the daily chart really makes me wonder. It's not so much unusual as it is a respite of sorts. But, and too, someone or groups of someones are buying the dips, so what does that say?

To me it says I have to mow my lawn, seriously! I'm the only one in my neighborhood with 8" tall patchy grass. Freekin ridiculous if you ask me! But, I'll do the deed today since the market is reacting like a typical Friday. I've been scalping all morning but I only bring my "C" game to the table, nothing much to say about that except bla.....

Things still look good for a test of 1.5000 so I may enter long here soon and just hold over the weekend. Either way I see it, until certain levels are broken, this pair will just keep bouncing on the proverbial trampoline. We all know a set up is coming and my little money tries it's best to follow the big money, however, I'm not sure the big money is actually buying these dips here as of late. I haven't read much news lately so I'm not quite sure exactly who is doing what. And I haven't read this forum in a while so I'm way behind. Summer's coming and I can't hardly wait, but I still have not found my 3-5 month trade of the coming season.

What pair would you guys pick for a long term trade coming soon? One that you would ride all summer long. I have a few in mind but none that thrill me at the moment.

Thanks in advance, and Happy Trading.
t3t4