There is allot of pressure at that resistance i would Waite until it breaks north at around .9100 area.
Good call, thanks
Your welcome.
[QUOTE=“Anakin;546953”]
Hello fellow traders, well my trade on EURJPY, did got burned yesterday night … live and learn.
On the other hand mhabib, maybe right, it really looks like GBPUSD is bouncing up from a small SR of a few days back. But if you look GBPUSD on the weekly chart it’s bouncing DOWN instead, from a big SR of december 2012. So this bounce up it might be good for a quick trade only.
At the moment in the D1 chart, I don’t see a candle formation that will indicate me a big bounce up anyway or an entry point (maybe in lesser TF). But … in fact the W1-GBPUSD bounce looks kind of a tweezer tops for a really big drop. I will be in the look out for that.
The quick view of various pairs, does not look promising for trading today. I let you know if anything comes up.
Or if any of you are seeing any good possible trade, that I am missing. Post it.
Anakin[/QUOTE]
Yh, it seems as if it’s ranging for gbpusd, 1.6000 to hold a strong support, is gonna take a while to break ths level if it breaks then I’m bearish
As we were talking about it, USDCHF broke up from the SR near .9100. So opened up a BUY position a few minutes earlier. I have “modified” a bit my strategy by paying more attention to the weekly chart. Looking back on the week TF there are significantly less “fake” PB, and its easier to identify the “true” trend.
On this example of the USDCHF there is a beautiful PB on a strong SR, that I used to decided on this trade.
Also yesterday I took another trade, a SELL position on EURCAD (not one I am very proud of) because on W-TF the indecision candles signaled a good turn. My common sense was telling me to wait a little, but like a rookie I got in the trade to soon anyway, [B]just to satisfy that trader’s anxiousness[/B] (another big trader’s super enemy). Fortunately, now the trade is going the way I was hoping, but since I got in to soon, I am just barely making it to the break even point, If I had waited (or placed a pending order instead), it would be a good winner by now.
May the pip be with you
Anakin
It did brake it, almost to easy. Maybe it will dangle a little near 1.600, and then is going waaaay down. I think 
Keep me posted if you decide on this
Anakin