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#GBPUSD European session

GBPUSD is  in consolidation for few days. Yesterday fundamental news didn't put price in a new trend. Look for a long position under or above zone 1.6072-1.6175 levels. Also 1.5989-94 level is a good place to open long trade because of visible reaction in the past. On the other hand look for short only after signifcant break out of 1.5994 level (on retracement).

#EURUSD before FOMC

EURUSD moved another step up and now is expected to consolidate between 1.3530 – 1.3564 (Fibo 50%). Open longs in 1.3520-30 zone. On the other hand take short on retracement to the same level after meaningful break to the downside. Further updates as situation develops. Keep in mind that today @ 6pm GMT we have FOMC Minutes. For that event watch for break out of 1.3580 towards 1.3650, or 1.3500 towards 1.3300.

#GBPUSD in zone

Wainting for GBPUSD to get of zone that is in since three days (1.6148-1.6059). Look for short position a couple pips above that zone and long position under it. New setups expected after fundamental informations.

#EURUSD and 1.3500

EURUSD is still around 1.3500. Key levels to watch are 1.3500, 1.3550 and 1.3450. At 1.3550-60 zone 50% retracement of recent move down (1.3830-1.3290) is located that coinsides with top of channel (bearish flag). 1.3450 coinsides with bottom of this channel. Breaking 1.3500 to the downside will be important and might be the first sign of EURUSD weakness that starts another move down towards 1.3300 and 1.3000.

#GBPUSD morning setup

GBPUSD is in a zone between 1.6093-1.6149. Look for long position couple pips under that zone or for short above it. Only meaningful break out from that area will be a sign to look for new setups. Short position from retracement to 1.6093 level and long position from retracement to 1.6149 level. Further updates at mentioned levels.

#EURUSD @ 1.3500

This week started already interesting as EURUSD is fighting 1.3500 level (38.2% retracement) where short positions are adviced (1.3500-1.35010). If 1.3500 is defeated look for longs at the same level towards 1.3550-60.

#GBPUSD Monday Scenario

 

GBPUSD is in up trend since Wednesday. Watch price action at 1.6100-05 , 1.6060-55 or 1.5990-95 level as good opportunity to open long positions to join that trend. If 1.6137-42 level is defeated expect GBPUSD to reach 1.6260 again in attempt to break out and make new 2013 highs.  On the other hand look for short position after significant break of 1.5990-95 level. Further updates at mentioned levels.

#EURUSD bearish flag

Anticipate EURUSD to move lower today, as we didn’t have enough strangh to break through Wednesday’s high (1.3497). That view is supported by flag pattern that reached 38,2% retracement where noticable supply zone can be defined. Primary look at 1.3409-27 as a zone that should be broken in order to validate bearish flag and continue downward move at least to 1.3300. In case currency pair moves up watch price action at 1.3500 and 1.3520. Further updates at mentioned levels.

#GBPUSD Friday setups

GBPUSD is in the up trend for last three days. Expect price to test 1.6114-19 level which is good to open short position. Also look to open short position when 1.5989-94 level will be meaningfully broken. On the other hand look for long positions at 1.6046-51 level or 1.5989-94 level to join the up trend.

#EURUSD next setups

After being stopped on first trade, look for another opportunity to take a trade either on retracement to 1.3450, for a short position, or in 1.3400-1.3410 zone for a long position. Remember to wait to see weakness, or strength at those levels before opening any trade.

#EURUSD b Wave Continues

EURUSD after breaking through 1.3450 to the upside is expected to continue correction that might reach even 1.3650. Yesterday night pair touched 38.2% @ 1.3497. If EURUSD breaks through 1.3500 it will be expected to reach 1.3570 (50% retracement of 1.3830-1.3295 drop). Take longs @ 13450 until they fail. Once this level is broken take a short on a retracement back to it.

#GBPUSD morning setup

Expect that GBPUSD after yesterday break out through 1.6023 level will try to retrace to 1.6114 level. Look for long positions at 1.6005-10 level or if this fails 1.5958-63 level. On the other side look for short position around 1.6114-19 level.

#GBPUSD new setup

Bank of England raises UK growth forecast what changed today’s market sentiment. Look for long position at 1.5945-50 level. Short at 1.6023-28 and long after defeating that level is still actual.

#GBPUSD Wednesday setup

During yesterday's european session GBPUSD fell 140 pips and tested 1.5853. If the currency drops again and makes new lows look for a short positions from 1.5893-1.5903 ( that is double top scenario from 29.10.2013). If GBPUSD moves up, look for a short positions at 1.5945-50 or 1.6023-28 levels to join a short term down trend. When it comes to long positions watch price action at 1.5849-54 level or if price breaks through 1.6023-28 take a long on the retracement to that level.

#EURUSD short 1.3450 again

EURUSD again at 1.3450 which is a very good place to join down move. If it fails, another short position should be open aorund 1.3475-80 for 20 pips TP (just before 1.3450) where one may look for longs towards 1.3500.

If EURUSD starts going down right now (1.3430) and will not give a chance to short 1.3450 anymore we have to monitor market situation and wait for new conductive setup to develop.

#GBPUSD shorts below 1.5900

We are watching price action of GBPUSD right now, after break through 1.5900 to the downside. Look at 1.5895-1.5915 zone as a level to open short position. Be aware of possible fake out that will keep GBPUSD in consolidation between 1.5900 and 1.6250. Waiting for signs of weakness around 1.5900 is crucial.

#EURUSD after ECB and NFP

After strong and fast move down from 1.3830 to 1.3300 it's wise to expect a correction. 1.3300 have been defended and we were not able to go lower even after NFP on Friday. We are going to watch 1.3450 and 1.3500 as good levels to short and test 1.3300 again. Also 1.3550 should be interesting as some stop loss orders might be located a bit above that level. There is no visible situation to take adventage of right now, and we need to see further development to find a good trade.

#GBPUSD Tuesday morning

GBPUSD since friday is falling to the downside. Looking for a short positions at 1.5995-1.6000 or 1.6023-28 level to join the down trend. On the other side if GBPUSD breaks through 1.6064-69 level, we will be looking for a long position from retracement.

#EURUSD NFP + downgraded France

Anticipated scenario form 06.11.2013  was fulfilled yesterday evening. Now we are looking to take a short around the same spot which is 1.3450 – start watching price action above 1.3440 and then we’ll decide about the details of  a short trade. Keeping in mind NFP report today, on the picture above we marked good levels to counter trade a spike (up or down). About an hour before NFP news we will stop trading (short @ 1.3450). Interesting observation was a fact of no reaction (no continuation of down move) to France’s credit downgrade to AA by S&P.

#GBPUSD waiting for interest rate decision

Since yesterday GBPUSD is in a zone between 1.6067 - 1.6114. We can look for long position couple pips under 1.6067, or short position above 1.6114 level. This trades shouldn't be risky till 60 min before news. An hour after interest rate decision if one of this levels is broken we will look for a good spot to join the trend. However that  can be very hard if the volatility is too high. Othewise if GBPUSD stays in this consolidation after interest rate decision, we will wait till after usa news comes out (13:30GMT).

#EURUSD D-day

Unless there is a great setup in next 2 hours, we will look at the market around rate decision news and ECB conference..Yesterday's EURUSD analysis is still 100% valid.

#EURUSD 1.3530 in view again

Another attempt to reach 1.3530 may give us a second chance to enter a short trade. Before taking a trade we are going to look for a sign of weakness.

#EURUSD update

If you opened short position above 1.3526 you can move SL to BE.

There is possibility to make double top around 1.3530 and enter again short above 1.3525. Now we are waiting for development of this situation.

#EURUSD short attempt

Going to take a short between 1.3525-30 with SL 12-15 pips and TP close to 1.3500

#EURUSD a day before ECB

Today we have PMIs from UE and usually it’s better to wait till 9am GMT when it’s over. Tomorrow ECB Rate decision and Conference. Watch price action at 1.3520-30 and 1.3440-50. Those are two zones where to expect fight between supply and demand. We will look for longs above 1.3525 and for shorts below 1.3440. We also expect EURUSD to stay between 1.3435-1.3535 till tomorrow’s ECB conference and then we’ll see a break out, either way. PMIs doesn’t seem to have a big impact on EURUSD right now. Actually good PMI numers did’t make this pair move to the upside as it  usually would. This means we have still a big pressure to the downside which is supposely caused by expectations to hear more dovish tone from Mr. Draghi, and even warning or actual cut of short term interest rates by 0.25%. More updates after price reaches either 1.3520 or 1.3450.

#GBPUSD morning setup

During yesterday’s session after positive PMI from USA we could see how GBPUSD defended 1.6023 level. Currency pair is about to move up and because of that we will be looking for long position first at 1.6055-60 level and secondary at 1.6020-25.

#EURUSD downside pressure - 1.3450 again?

At 1.3450 we saw more supply showing on the market and defending September lows. Corrective move t0 1.3524 was weak and right now we are looking at second attempt to break lower. We will open short trade @ 1.3478-82 with SL 12-14 pips and TP 25 pips

#GBPUSD Long opportunities

After positive PMI news GBPUSA went up very fast towards stronger 1.6080 level. In this situation we don't look for short positions any more. Best level to join the up trend we can see at 1.6023-28 or 1.6075-80 (only on retracement).

#GBPUSD looking for shorts

Yesterday GBPUSD wasn't strong enough to get to levels we expected. Today we are still waiting for currency pair to get to 1.6023-28 or 1.6075-80 levels as good places to join the down trend and check again 1.5900 level. On the other side if GBPUSD drops down we are looking for a long position at 1.58950-1.5900 level. If currency breaks 1.6075-80 we will look for a long position on retracement.

#EURUSD fighting 1.3450-70

EURUSD had a spectacular drop of nearly 400 pips last week. While fighting strong supply zone @ 1.3450-70 we expect correction before heading further down (if zone defeated). Shorts below 1.3475 on a meaningful break and retracement to the long term (H4) trend line. We are at the point to add or open new swing trades here. On short term basis we are looking to open long above 1.3500 (BO to 1.3520 – RET to 1.3499 – Long @ 1.3499-1.3505 – SL 15 pips – TP 20-25 pips) towards 1.3560-80 zone where is first good place to look for shorts in anticipation of attacing 1.3450-70 again. More updates as market progresses further.

#GBPUS Monday morning

After GBPUSD dropped down from 1.6256 we expect to it correct a bit. Looking for short positions at 1.6000-05 or 1.6075-80 levels. On the other side we've got very strong level at 1.5893 and we'll be looking for a long position there while GBPUSD is defending it

All Saints Day in UE

Because of Holiday in most of Europe will are taking this Friday off. 

Besides, EURUSD still drifting lower, and until it pauses it is really hard to trade on short (too big of a move in a short period of time), long side (first we need to see consolidation – break/stop in falling down).

When it comes to GBPUSD, because of lack of movement yesterday’s trade entries are still valid.

#EURUSD @ the zone

EURUSD at 1.3682-1.3658 zone where we can expect more demand to show up. Stop losses below 1.3650 are already being defended. Perfect place to join this downward move is @ 1.3750 or below 1.3655 on retracement. Consider long position on the third or fourth attept to break the zone. More details and decisions as situation revolve further.

GBPUSD European sesion

GBPUSD still at the down trend . Looking to catch it with short position at 1.6075-80 or 1.6114-18 levels. On the other side the uptrend starts when currency break through 1.6114 level.

#EURUSD Wednesday 30.X

After quite emotional move up and down yesterday EURUSD spent a night between 1.3730-1.3750. Visible defence of 1.3730 will give the reason to think about longs. In our opinion 1.3752 and 1.3765 are good levels to try to open short positions (1.3765 – not right away – wait for signs of supply over there first). Even though EURUSD has potential to reach 1.3700 TP 25 pips SL 15 pips. In a second scenario take short after breaking 1.3730 to the downside – entry on retracment @ 1.3732 (+/- 2 pips).

#GBPUSD Wednsday trades

After yesterday's break of 1.6114 level we expect that GBPUSD will still move down. Looking for a short position at 1.6055-1.6060 level , or at 1.6114-18. If that scenario is not gonna work, we wil wait for another setup.

#GBPUSD following the down trend

After GBPUSD  tested 1.6060 we will expect that the currency make correct to 1.6114-18 or what is less possible to 1.6140-45 level. This levels are good to open short position and follow the down trend.

#EURUSD taking 1.3830?

If we get to 1.3830 on one  H1 bar (3min.) short around 1.3830-35 SL 12 pips, TP 20-25 pips.

If not we will look at 1.3830 as a good place to take short, but after visible resistance. It might be a good level to take a short at the end of US session. If 1.3830 gets defeated look to open longs on retracement.

1st long @ 1.3830 SL 12 pips TP 20 pips

2st long @ 1.3830 SL 12 pips TP 20 pips

#GBPUSD double top

Nice double top pattern is forming on GBPUSD higher time frame. This pattern should be traded after meaningful break of level 1.5893 to the down side.

#EURUSD flirting with 1.3800

EURUSD slowly drifting down. Lower highs and lower lows on intraday charts on the way towards 1.3740. 1.3795 is the first place to observe short term timeframes in search for entry spot. Another place to take a short is below 1.3775 and trendlines. Long only after meaningful break of 1.3800 to the upside.

#GBPUSD looking for short

Once the 1.6155-60 level is broken we will expect that GBPUSD to  start the down trend. Levels 1.6114-1.6118 and 1.6155-1.6160  are good places to open short position and join that trend.

EURUSD update

UPDATE:

EURUSD broke through trendline and 1.3790 and gave 2 chances to enter short position on retracement. We are moving our SL to BE right now as we approched 1.3775 – another strong level on the way to 1.3750 and 1.3700.

Short 1.37898 – SL 1.38015 – TP1 1.3770 – TP2 – 1.3765

#GBPUSD trying to go down at USA session

From unsuccessful try to break to the upside GBPUSD turned around and started to go down and realizing our mornig scenario. After breaking through trendline and 1.6155-60 level retraced back to 1.6160 where our short trades were adviced.

#EURUSD Monday day trading

Level 1.3790 on EURUSD seems to be in play right now and if defeated we should see move at least towards 1.3750. We’ve seen lower high on the pair on Friday and early Monday, so unless longer consolidation seen around  1.3790, that corresponds to defending that level, we would search for good spot to join upmove towards tops (1.3830)

#GBPUSD Head and Shoulders

Looking at the potential head and shoulders formation some interaction can be expected around 1.6160-1.6155 level, depending how the situation developes we will be looking for a short position at this level. If the level gets defended we will look for a long position to joint the up trend.

#EURUSD - 5th Elloitt wave on D1?

After strong move to the upside on Tuesday EURUSD had problem to break through 1.3790. Yesterday that level was defeated, but EURUSD started to consolidate a step higher between 1.3790 and 1.3830. Expectations of deeper correction of a move from 1.2720 are growing. From daily time frame you can notice that the move from 1.3500 – 1.3830 can be seen as a 5th Elliott wave. We will look here to open a longer term swing trade position expecting start of correction. As far as our day trading strategy goes we will look for short @ 1.3830 for a 20 pips profit, or a short position @ around 1.3790 after seeing meaningful break through that level and a trendline (entry on retracement to 1.3790).

#GBPUSD expecting long possition.

Yesterday during both sessions we could see how GBPUSD was trying to  break 1.6162 level and go down. Now when that level is defended we’ll be looking for a  long possition at 1.6175-1.6180 level, eventually at 1.6160-1.6165 level. On the other hand 1.6255-1.6260 level will be good to open short possition. SL 10-15, TP 25-30 pips.

#GBPUSD waiting for setup.

Once the 1.6162 level is significanly  broken we will be looking for a short position from that level, otherwhise long  a bit below 1.6114. SL 10-15 and TP 20-30 pips.

#EURUSD break out or fake out?

EURUSD broke out to the upside in early european session. Looking for a long trade on the retracement at 1.3790. If this level will not hold we expect downward move towards yesterday’s lows (1.3740-50). After significant break of 1.3790 – take a short trade on retracement to trendline and 1.3790 level.

#GBPUSD looking for long position.

After yesterday's drop down GBPUSD defended 1.6114. Today we expect the currency will try to break 1.6156. In this situation we will be looking for a long position at 1.6180-1.6185 and if  1.6224 level will not get broken on the first attepmt again we should see possibility for another long position at the same level (1.6180-1.6185). On the other hand if 1.6224 will be defeated we will look to take short position at 1.6257-1.6262 level.

EURUSD – after quick move to recent tops: Short @ 1.3790 – if broken – Long on @ this level on the retracement. Other level to watch – 1.3765-1.3770. REMEMBER about good money management strategy. 

Short from 1.3790 - TP taken +22 pips.