Regards Alejandro Zambrano
Currency Strategist | DailyFX Forum (London) azambrano@fxcm.com
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because of the downward movement we have now, and based on if its gonna go high it will be once its hit .4600. I do have tight stops in place and am only looking to take a few pips.
EUR/USD 30-Minute Chart: US Durable Goods Orders May Jump Start Euro
EUR/USD 30-Minute Chart: US Durable Goods Orders May Jump Start Euro: A better than expected number is expected of 2.3% which is substantially higher than the previous -0.6%. A close below the 1.4655 area could lead to a fast move down to the 1.4588 (200 SMA). However a close above 1.4712 could lead to the 1.4800 area.
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Which of the 3(EU/AU/GU) dollar pairs is the better short/long play? EAud looks to have settled back into its consolidation range. While EG has broken free from its 4hr diamond(HAS rejection), hmmmmmmm.
Next Support at 1.464s , and 1.4646 to be specific... which is the previous HIGH of yesterday....if it holds then it will return back.. other wise next support comes at 1.4626 which is 55MA at 1Hr chart....
i m labeling ma chart will post it in a while...
This is my out look for today.. Still pretty much bullish , we might reach atleast todays R 2 level, coz a lot of support levels to cross in order to be bearish..... n we can make some pips either ways.....
i define my support n resistance levels n they work pretty well,
i believe the whole trading revolves around S n R levels, defined properly n we can make gud pips,
Caution before the FED decision , but i don think fundies r gonna effect the market anyway....
but Caution is advised
This is my out look for today.. Still pretty much bullish , we might reach atleast todays R 2 level, coz a lot of support levels to cross in order to be bearish..... n we can make some pips either ways.....
i define my support n resistance levels n they work pretty well,
i believe the whole trading revolves around S n R levels, defined properly n we can make gud pips,
Caution before the FED decision , but i don think fundies r gonna effect the market anyway....
but Caution is advised
Happy trading......
I'm hoping to see a pin bar on a daily chart... nice explanations, but I cannot Like, Forum problem I think... Good luck with your plan.
A beautiful mind is much more important than a fat pocket.
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
I like the middle chart with bull flag pattern.
Below a possible X-Pattern to come on Eur/Chf .. lets see if this gets to play out if the breakout is achieved...
GL..
That pattern finally getting into play.. mid section on TL is achived and so is the close.. 2970 or close to it would be nice..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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Originally Posted by chaudhry 
