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.
