LOL! Not THAT bottom. At least not while trading, lol.
Then there is another thing with my trades. Itās not just loss. It was also a hedge for my usd account. Because I buy several things in euro. So, if usd is rising now thatās also a gain for my account. Vice versa a falling usd is not good for my account, so this was an euro hedge, too.
Regarding that bottom, I see a upper tl on the monthly at 14130 around which was broken last month to the upper side. The open last month is also that region. Plus a top at Oct. 2010. Then there is this trend channel with the lower tl at 13450 around. Could it drop that far? Yes it could. Thatās why Iām out. Iām not sure If I should go in again at 14130 with a small sl. Maybe. However, the weekly shows bearish now.
No, Iām not done completely. LOL! This rock is now at a key level of s/r, tls and just above a figure. Just looking what it will do now. But ready to lend more liquidity for the markets.
Iām holding off any thought of a long on EU until at least the 4h shows anything other than a token bounce! But a VERY small long position this morning (GMT) on EG and EAā¦ 40āish points up at present but no great expectations. :15:
Well, I made some 30 pips or so today with eurusd. Mostly long.
Key level middle term to the upper side is 14444 I guess. If that would get broken seriously, it could go back up. Anyways, it could also go lower first and test the figure. Key level below is 138. The lowest low of the upchannel since 8 months is 1345. As long as this is not broken, the long term bull trend is still active. Today it also bounced back at the upper tl since 2008. The it bounced back a little down today at the broken short term lower tl at 14275. Very complex situation right now. To me it looks now the next days could bring sort of ranging.
Just staggard back fom another weekend party in Londonā¦ this is becoming a habit! LOL
Just spent a good half hour going over EU and GUā¦ looks to me like we might very well see a retrace tomorrow? Iāll look see London open but initially my thoughts are more towards GUā¦ a TP1 of 1.63? As of right now, Iām less inclined to back a possible retrace on EUā¦ could be there but current ātechsā are still weak.
What do you think about eurusd situation now? I hope it will grow, but i saw in news that everybody are waitng for the Exit of Greece situation, the report about it wil be today,is it dengerouse for growing or not,your opinion?