EUR/USD is looking bullish this morning but I prefer EUR/JPY as this currency pair will prob.benefit the most. Look for a move to 106,5 as long as price trades above 105.75.
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EUR/USD is looking bullish this morning but I prefer EUR/JPY as this currency pair will prob.benefit the most. Look for a move to 106,5 as long as price trades above 105.75.
EU 3262 is resis and a break higher has a run up to 3380ish for today.. As of now with EU session kicking in, if this lvl holds we can perhaps try around 3210-15 once more..
GL..
I knew I could get some scalp out of it but perhaps all the way to 3202-05 and would be looking to take some longs from there after shedding shorts....Quote:
Originally Posted by stryker
some profit around here into 3230 to bank some pips sounds good to me...
GL...
Incase 3200 breaks I be expecting a move to 3145 on euro on pattern play and a breakout..
GL...
GU pops in as a weaker link and possibly better sell to come on gu than other pairs against the USD..
GL..
It's at resis on 4 and 8 hrs .. A break higher and I tend to believe I should not be hitting longs off 3200-05 supp rather wait a 3145 touch to be long.. Incase DX fails to head higher here than possibly we won't even see 3205 getting testing a move higher to break 3260 and subsequently 3281 should come into play..
GL..
First target looks like 1.3122 - the Pitchfork I have been monitoring, has been honouring numerous touch points where price break outs have been repelled. 80% of all price moves return to the median line (according to Alan Andrews' own work) assuming I have the right Pitchfork in the first place! This be why I use various studies to give me a 3D view, if you will.
Anyhow's, the first diagonal down, marked with green arrow, also happens to be the head to foot distance of the double top we have over the last couple of days. If you extend that diagonal left, it sits across a lot of price action. Key line for a bounce but I would then expect the daily Hull Moving average to contain it for another move down to the 1.3055 area. I am assuming an ABC down for now but still wary that we may have only seen a B wave up and we are going down further.
I have been playing with the wave counts to do a bit of research. Action Reaction - action Reaction. We just had a blimming messy 9 waves up. I am looking for a really clean 9 waves down now to compensate for all the angst. The possible 1-2,1-2 would set up an extended third now which would fit the need to get to 9 waves. This is why I am cautious about the posibility we have a C wave down now, not a 2.
Happy, as ever, to let the waves tell me the story.
what happend ???? EU up, GU down, Dollar up ????? i think EU will down after news Industrial New Orders
Initially still expecting a move to 3203 or close enuf and if the price is staying higher to 3200 in next 45 mins i be shedding shorts for longs.. IF price is trading lower to 3200, I be gunning for 3145..Quote:
Originally Posted by windlyu
3200-03 is now supp.. 3260 n 3281 resis..
GL..
Yeah, missed that gold, even tho i had the chart, and it looks an easy one in retrospect. Def gonna move across more assetsQuote:
Originally Posted by stryker
Brent looks interesting - we could be on the verge of a massive breakout:
Attachment 114522
Attachment 114523
and the spread vs WTI has narrowed recently, while Asian Minas has accelerated up.
LTRO China LTRO China LTROQuote:
Originally Posted by windlyu
i hate china :)) they are very dangerous
Quote:
Originally Posted by windlyu
dont say like that..BUT i love chinese woman ahaha
ok :) but i love chinese too :)) hahaha
Hey Don't knock China.Their present demise will bring the Ozzie $$ down & help our exporters. :cool:
AND make for good trading too...:cool: