PRICE ACTION

PRICE ACTION

wtorek, 23 października 2012

Considering Long from 1.2970 for 20-30 TP, after price proves me that this level holds.
If we stay relatively oversold another chance to take short term long will be @ 1.2935
Testing the 1.3000 area.
Looking to take a long trade in 1.3013-1.3000-1.2990 zone.
Not taking shorts until visible weakness @ retracement to 1.3013-1.3000 after breaking that level and at least testing 1.2990.
Possible long @ 1.3020 but SL at least 40 pips - too much for me...

poniedziałek, 22 października 2012

Possible scenarios for EURUSD short term trades today.
Range 1.3013-1.3065 or even 1.3080.
After BO from 1.3080 look foreward to see retest of highs between 1.3135-1.3170.
In case of BO through 1.3013 to the downside watch 1.2985-90, and then 1.2960.

wtorek, 9 października 2012

Consider this baby too.
@ 1.2858 there is an important trend line and we might bounce here all the way up to 1.3200.
Bearish channel overextended break out between 1.2880 and 1.2858 suggests strong appetite/sentiment for shorts.
Picture above shows a few possible places to take short term trades.
Possible scenarios and levels to consider trades:
Bearish EURUSD:
Short 1.2930
Short 1.2960
Long 1.2875
Bullish EURUSD:
Short 1.2990
Long 1.2970
Right now I'm short 1.2930 at least till 1.2900, and possibly 1.2875.
I will become bullish after breaking 1.3000 to the upside.

środa, 3 października 2012

EURUSD
Morning session got us to 1.2880 where we took long trade for a 0,5% profit.
Now there is H&S in play. Things to expect:
1. Fake BO to the downside and rally up.
2. BO thru 1.2880 - retracement (entry) and heading down towards 1.2800, and 1.2730.

wtorek, 2 października 2012

EURUSD is not the most awesome pair to trade during today's London session.
Seems it wants to BO to the upside.
I have 1/2 position long @ BE right now.
You could take short right now - it is a nice spot @1.2925. I just decided to take short after breaking 1.2880 level. Additional long position can be open after BO thru 1.2930 (on retracement).
Next strong Resistance @ 1.3050 and @ 1.3150, Support @ 1.2750.