Both pairs are now very ripe for shorts. We are waiting for primary, secondary and tertiary impulse trades on eur/usd and gbp/usd soon.This is going to be great fun!
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Both pairs are now very ripe for shorts. We are waiting for primary, secondary and tertiary impulse trades on eur/usd and gbp/usd soon.This is going to be great fun!
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really having issues with the skype room. Last update on chat for me was 13 hours ago. This is taking lagging a bit too far. Anyone else having these kinds of problems?
Hello Odellcash,Originally Posted by odellcash
Can u pls let me Know What is the Skype room name pls....
<article taken from my FX blog>
Here are two charts that show you key levels I am looking at:
According to the technical system that I trade, the EUR/USD is still in bearish 'mode' - more precisely:
i) it started its bearish trend on 29th Feb
ii) It has had a bullish reversal pattern on the daily but no confirmation trigger - this part is key
iii) It can now either give us a bullish confirmation trigger (this would send the EU sky high!) or it can give us a continuation short (this would continue the bearish trend possibly for a few hundred more pips)
The GBP/USD is really in 'no-man's-land' and has been pretty much all along whilst EU was trending. It never had its own 'primary impulse' short trigger into the trend so all this movement down has not really been true trending at all. Again, GBP/USD has two options. Either:
i) It may finally get a short entry into the bearish trend, or
ii) It may confirm a bullish daily reversal of its very own and again shoot sky high.
The lines on my charts are levels that may very likely determine what takes place.
Be careful when initiating trades close to 1.30pm today - spreads can become very large on many brokers.
Best wishes,
ProsperityFXPro
QUICK ADDENDUM TO PREVIOUS POST
I have noticed that there was an impulse yesterday during the 13:00gmt hour long on gbp/usd. Whether it will be strong enough to force GBP/USD up today after NFP news is to be seen. However, there is a new long setup formed on GBP/USD so if this is triggered I will be buying the pound!
Hello Fx Pro,Originally Posted by ProsperityFXPro
Can you please let us know once you enter long in gbpusd.... Appreciate your signals....
Yes agree we shld avoid buying Gbpusd after nfp data.....
For eurusd, The technicals were favoring for long EURUSD in the morning.... I was waiting for a breakout at 1.3290 to extend till 1.3350.... But after the Greece swap opt the mkt went eur negative not sure why....
After nfp data usd is very very strong....
So I m waiting for any retracement towards 1.3250.....
Any ideas for retracement...,