HUCKDATE: Thoughts on EUR/USD
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  1. #1

    Default HUCKDATE: Thoughts on EUR/USD

    Hi guys! I'll be re-posting all of my trade ideas on EUR/USD and weekly updates on the HLHB Trend-Catcher in this thread from my blog, The Loonie Adventures of a Forex Noob. Wee! I'm so excited to hear your thoughts about them.

    XOXO,

    Huck

  2. #2

    Default HUCKDATE: Will Resistance at 1.2300 Hold?

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    So EUR/USD is now trading around 1.2300. One the 4-hour chart we see that the pair has previously found support at the level. On top of that, there's also a bearish divergence too!

    What do you think? Will resistance hold?

  3. #3
    Join Date
    Nov 2011
    Posts
    5
    Good, I think the resistance will hold if the market don't jump higher on a strong news.
    Which charting do you use for that analysis?

    I think we can se a decline in this pair to test the new low at the 2160 area. The market have been doing lower lows for the last 10 months and we are in a bigger perspective also doing lower lows, the 2008 low, the 2010 low and hopefully soon, The 2012 low. I also belive that there is no fundamental that would strengthen the euro in the next months. And a trend turnover would have to be a couple of hundred pips. Just my thoughts.

  4. #4
    Join Date
    Jul 2012
    Posts
    24
    Am not seeing a bearish divergence here (maybe am wrong) i see bullish. more over connecting the lows, what am seeing is higher lows, which gave us a strong support and at the same time if we are to go up, we have a strong resistance to battle with. enjoy

  5. #5
    Join Date
    Jul 2012
    Posts
    24
    dont you think if we clear 1.2340 we are in for 1.2400?? enjoy

  6. #6
    Yikes! Looks like the pair just tapped a new high for the week. Now I'm wondering if it will be able to close above 1.2300.

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  7. #7
    I use Xtick I just posted an update! It looks like EUR/USD broke higher at least on the 1hr tf. But it hasn't closed yet.

  8. #8
    Quote Originally Posted by lurdmanny View Post
    Am not seeing a bearish divergence here (maybe am wrong) i see bullish. more over connecting the lows, what am seeing is higher lows, which gave us a strong support and at the same time if we are to go up, we have a strong resistance to battle with. enjoy
    Noticed the higher lows just today. Thanks for the heads up!

  9. #9
    Join Date
    Oct 2011
    Location
    Bergen, Norway
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    456
    I see that a move as a fake out, trigger some longs above Asia high then head back down.

  10. #10
    Join Date
    Jul 2012
    Posts
    24
    Quote Originally Posted by liftoff View Post
    I see that a move as a fake out, trigger some longs above Asia high then head back down.
    fake break out?? that means we are going south? let see i like the northern part anyway enjoy

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