Hello everyone,
There is the daily chart of EURUSD, and here is what I see:
I believe that this means that the 1.30 level is way too resistive to keep going up, and that this is a perfect location to start short.
However, my concern is that this resistive candle is a bit… ugly. The body is still a bit large for me to start shorting. I wish that it will be smaller by the time NY session closes.
For now I am waiting… and expecting.
What do you guys think?
Thanks!
Wllen1
I’ll Play,
#1, tuff to watch the daily with this type of action, JMO
Looking for 1.3077 to long to around 1.3185, then 1.2988 to short to around 1.2882,
We are actually, at this moment, at a very critial area on the price, who knows it we will see movement in the next 5 hours tho, never know…
Run a fib on your chart, high to low, see where price stopped today - leave the fib and drop to 1 hr - see the reaction at 38.2 (3005) and then this evening at the 50 line (3085)
Zoom back and eyeball that 3085 line (on 1 hr) - lots of orders there recently - so if the big boys want to buy they may well set from there - similar to what happened at 3005 today.
Price is now above 100 and flirting with 200 (daily) so I’ll just wait.
Euro is def not ‘weak’, Eur/gbp broke the 86.50 as expected, now 87.00 is in it’s sights - I’m figuring next week 
There you go - 87.00 for the eur/gbp - less than a week - now may fall back for a while but 87.20 is the target, after that, who knows … that ends my predictions
I happily take the other side of that trade and go long the Euro and short the USD.
days are going by soooooooooooo fast fellas, seems i wrote that post 2 days ago, still 1.2988 for short.
Run a fib on your chart, high to low, see where price stopped today - leave the fib and drop to 1 hr - see the reaction at 38.2 (3005) and then this evening at the 50 line (3085)
Zoom back and eyeball that 3085 line (on 1 hr) - lots of orders there recently - so if the big boys want to buy they may well set from there - similar to what happened at 3005 today.
LOL, nice one Perry.
My post was on the 11th - so immediately setting a buy order at 3005 with a stop of 25 and a second buy order at 3085 with a similar stop - well you can see the outcome.
BTW where are those mountains located?
