#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.

#GBPUSD at the USA open.

During the european sesion GBPUSD didn't break through 1.6114 , if it tries again we will be looking for a long position at this level. On the other hand short at 1.6180-1.6185 level and if price breaks through it will be looking to take a long trade on the retracement to that level.

#EURUSD - US open

US session is about to start. After correction during european session to 1.3740 EURUSD started to move back to the upside. Breaking through 1.3763-1.3770 is crutial for further move up. If M5-M15 short term price action shows potential to defend this level we going to open short with SL around 1.3780 and TP about 25 pips. If this zone fails longs are in play and taking a trade on retracement will be appropriate (SL10-15/TP20-25).

#EURUSD what's next?

After another strong move up some indecision can be expected. Our mantra “trend is your friend” sugests to look for long positions and we are. There is a lot of places to watch today and in coming days. Break out to the upside through 1.3800 should give possibility to join the trend on retracement. Prefered places to join uptrend are: 1.3700 and a zone of 1.3650-1.3680, where breaking 1.3650 would open more space for further correction towards 1.3580-1.3600.

#GBPUSD Morning setups.

After yesterday's strong upward movement we expect some correction towards 1.6175-1.6180 level and if it fails next zone to watch is 1.6112-1.6117. At this levels we will be looking to open long positions in the attempt to join the uptrend. As always SL  10-15 TP 20-30.

#EURUSD waiting for NFP

We expect EURUSD to stay inside the range between 1.3660 – 1.3680. Any attempt to break out of a wider range (1.3700 – 1.3645) before NFP should give opportunity to take a contrary trade. We are awaiting for confirmation to actually take short towards 1.3600.

#GBPUSD USA session.

After very  slow morning and no potential from GBPUSD to go up, we expect that the level 1.6140 will be broken and we will look for short position at this level on retracement with first TP at 1.6100-1.6095 level, and second TP at 1.6060-1.6055 level. SL as usually around 10-15 pips.

#EURUSD #GBPUSD - are longs still in play?

We usually like to watch market situation to develop further on Mondays and do not rush to trade. Advice on EURUSD is to see how price action develops around 1.3700-1.3710 level and search for a short position there. Trading with trend and sentiment is usually a better and easier way to achive quick profit so we will watch price action at 1.3646 - 1.3658 zone as a first place to join the uptrend. Meaningful break of that zone will start a corrective move towards 1.3600-1.3580.

On Monday during european session we don’t expect to much  movement, depending what price action shows we will be looking for a short position on GBPUSD at 1.6222-1.6227 level, otherwise and still preferable are long positions: first at 1.6140-1.6145, and if this level will not hold then another long position to joint uptrend at around 1.6055-1.6060 level. As the market situation developes we will keep updating.

#GBPUSD

After 1.6172 is broken I will look for a long position at this level , otherwhise short on tops around 1.6260-1.6265.

#EURUSD Friday...

Common sense dictates looking for longs. I usually try not to trade on Friday, especially if situation is not clear and I’m already in nice profit through the week. There is few places to join the trend and I mainly will look for three scenarios. 1st – break out to the upside and retracement to 1.3680, then uptrend continuation. 2nd – correction to 1.3645 and from there move up. 3rd – weekness after break out to the upside and start of correction.

TP taken on both EURUSD and GBPUSD +0.50%
congrats if you followed those moves.
Appreciate forex-entourage.com

#GBPUSD

Taking in consideration a very fast and big move up through 1.6060 level I’m looking to open a short position between 1.6120-1.6125. SL 15-20 pips and TP around 20-30 pips.

#EURUSD recent high attack

EURUSD broke trendline and looks ready to attack recent high at 1.3646. I expect stop losses to get triggered above 1.3650 and will be taking short a bit above that level @ 1.3660-65. for a quick 20 pips profit.

EURUSD and GBPUSD 17.10.2013 price action

Today, after USA budget agreement longs can be expected to be in favour. Is that news already in price? Nobody ever knows.

After watching carefully price action I’ll be looking to take a shot trade at a trendline, in 1.3570-1.3580 zone. I will need confirmation before taking that trade.

1.3540 will be first place to take short term long position.

Until noticable breake out I plan to trade consolidation between 1.6050-1.5900. I will be taking short at 1.6055-1.6060 otherwhise long at 1.58900-1.5895.