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EURUSD....Euro

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I think after ECB we trade higher to 1.34 and then take another run at top
after Employment numbers
stops for all long from this levels and lower 1.3060
 
AbundantIncome said:
ECB ???

Daily trend seems to indicate an uptrend ??? maybe a long term thing for this thing ...
Click to expand...
yeah maybe it's back to the previous long term channel which was disrupted by the "fed prints money" shock
 

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regarding NFP announcement, I think USA unemployment is heading into historical highs not seen since the early 1980s recession. Unemployment lags the rest of the economy but surely it will go up beyond 10 percent. There's nowhere to hide for the real US economy now.
 

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EUR/USD

H4 graph
The pair had passed the "R" resistance trend line (level 1.3480) and now it's being traded along an ascending trend with the target of growth to level 1.3750. The support is found at level 1.3455; intermediate resistance is at 1.3570. If the pair goes below level 1.3350, an ascending trend is supposed to be replaced by a descending one


Daily graph
An ascending trend having the target of growth to the resistance level 1.3750 had been developed at H4 graph. Upon reaching the stated level, there are 3 scenarios of events to follow:

1. If the pair rises above level 1.3800 (breaks the "Y" trend line), then target 1.4360 will be reached.

2. If the pair bounces off level 1.3750 ("Y" trend line), a "double top" turning figure will be formed having its basis at level 1.3112. Upon the bounce off 1.3750 the following is supposed to happen: "M" trend will get broken, figure's basis level and then the support at 1.3112 will be reached, after that the pair will bounce again and grow to level ~1.3650, then break the "Y" trend line and reach level 1.4360.

3. If after the bounce off 1.3750 and reaching the figure's basis at level 1.3112 the pair goes under this level, it will reach an intermediate support and then the main support at 1.2500 ("U" trend line) - the lower bound of the "triangle" figure from weekly graph
 
No analysis at all on this call, but it looks like a reasonable point to jump in long on the Euro given it's fairly steep decline over the past week and the ongoing ramp up of USD production. Oh well, I'm in at 1.2980 aiming for a move back to around 1.3150 with trailing stops 20pips below

Anyone with me?
 

looking really uncertain at the moment to get in on 1 hour chart :d, so a waiting game i guess
 

I'm waiting for some elephant to jump in at 1.3000 to trigger some kind of stop run, my guess is that it will hit 1.3020 before crashing down to new lows
 

I just saw your post. I think 3150 is too low there are a lot of stops above 1.3140 and will go to 13240 just a guess
 
Naked shorts said:
So... how much did all you guys loose? :
Click to expand...

was not in and i am starting to get confused again with my charts .. i cannot find a confident point to get in ! and i tend to get out and the pair does a runner from my stopped target !!!

is everybody confused about the market as me ? or is it just me
 
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