Just follow the trend, EUR/USD overall still downtrending, not so strong, but the situation still support for EUR/USD short. I'm taking chance to short this pair while it break the MA 200 at hourly chart and having retest of it. Setting my cut loss level just above the 200 and waiting the result. Hoping for good result.
Following other prediction and rumor, I hear rumor that market going to collapse in 2 days and up to 2 weeks, situation is the same like 2008 only bigger. Well my bias is short, so if this issue come true, my position get benefit from it, but I still fear what will happen next if world throw into turmoil. Scared but if must then just happen fast.
It's a strong move down today, we have already expected this movement from very long time ago, where I set the sentiment for EUR/USD at 1 June. What is the next move, is it able to go further?
I think yes, we might have 1.3880 this week or next month, to fulfill monthly chart test of low and breach.
Surely in line with fundamental news that QE2 end this June,
Time for a chart
A triangle formed at EUR/USD, If I want to buy this thing, surely it's time to do it with tight stop loss, But seeing all the momentum down that is very strong, I won't do it yet, waiting for any clear sign from reversal candle. Otherwise it is going to break nicely today.
Let's wait, If break, test of low 1.3975 is on the table and further down to 1.3930, 1.3880 in card.
Have a nice day
As I have said before, I expect trend change from bullish to bearish and now it happen, lead by Dow Jones which falls more than 200 point. I think 1.3880 is possible.
and now it open the possibility, today yield me 152 pips, and that feels really good,
If you take my words, I'm shorting this behemoth down no matter what happen before NFP or next week ECB meeting.
All I know is technically EUR/USD is doomed with dark cloud cover appear in monthly chart.
now take my other words for your safety, "Sell on rally" for EUR/USD till you see a rally that is going to heaven hehehe.
Have good sleep,
and may the green pips with you
Here come my first trade, just a resistance trade, not my short term system, a long term system, seems scary to short here as I see W pattern developing, well just a small risk trade to open the my week. If fail then must go on with next trade. My short level is 1.4420 TP if possible trend reversal 1.3850 with first safe level to take profit at 1.4360.
waiting for the result, there is CHF retail sales news at 2.15 GMT+7, might move the market and move EUR/USD as USD/CHF counterpart.
Have a nice day and may the green pips with you
Now, now, EUR/USD seems a nice break, after moving above barrier area and broken through upper trend line, at this time, I'm flat and waiting retracement to around 1.3970 - 1.3980 to entry long, otherwise if retracement not strong enough, I'll entry around 1.4050 long targeting 1.4100 minus spread and tolerance.
Let's wait, what the market give us.
And this one might be chance for long, as price currently will move in sideway triangle formed. I see possibility to move to 1.4000 again today, and it "Might" go to 1.4100 if the trend line resistance broken. Let's see what happen, currently throwing some long position and will take profit at resistance (white trend line).
