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09-11-2013, 03:11 PM #37591
2 Hour Chart
The 2 Hour chart shows a down cycle has finally started after tagging the upper BB60. The BB20 midline (1.32681 and rising) should offer support. If support holds expect the price action to reverse back up towards the upper bands. If support break down, the price action should continue on down towards the stronger support offered by the lower BB20 (1.32283) before reversing back up.
The Daily chart bar patterns favor the first scenario.
09-11-2013, 03:58 PM #37592
I am targeting the 3280 area around the R1 and 50% fibo. So it seems as if im in good company. Good luck!
Originally Posted by rcopadilla
09-11-2013, 06:48 PM #37593
This table shows several bands around the 1.328x area including the all important Daily BB20 midline.
Originally Posted by Bignatx
09-12-2013, 12:03 AM #37594
1.3293 is Daily pivot, if we get there.
09-12-2013, 03:03 AM #37595
Sell off in gold, about 1 percent in 15' candle
09-12-2013, 03:15 AM #37596
Short from 8/27 low 3322 moving stop to above 8/21 open 3416; target open
EU may go higher to 3340-3370 (momentum too strong) may add shorts
did not short GU
09-12-2013, 03:18 AM #37597
Im still expecting new high's from E/U but a nice correction should still happen...
Gonna post some chart latter this day ...
Out for coffe...
09-12-2013, 03:24 AM #37598
Long 1.3320 - 1.3365 - 1.3400
Originally Posted by nefre
DP 1.3293 - 1.3280 Turning point or break
Short 1.3265 - 1.3233/1.3225
09-12-2013, 03:27 AM #37599
Still watching the Euro rising wedge.
I've also just entered in the UJ with a big hammer on the H1 @ 99.40 off the bottom of the triangle. Will put updates on the ArtofFX thread.
Edit: Now +20, moving stop to +1
Last edited by Mr Su; 09-12-2013 at 04:04 AM.
Brisbane, Australia | Austin, USA
09-12-2013, 04:15 AM #37600
Good morning fellow traders! We have hit Thursday already!
This has been a bullish week for the EURUSD pair so far with the pair hitting the highs of 1.332.
Currently the pair is trading around the 1.33 levels above the daily pivot.
A bounce from the daily pivotal regions may be expected before a further move to the daily R1.
A move below the daily S2 invalidates this bullish outlook for today.
We have unemployment claims at 1:30 pm Uk time today (USD)
09-12-2013, 04:28 AM #37601
Doing; 1.3293, looking for a turn here
Originally Posted by Joke
SL under the 1.3270
Last edited by Joke; 09-12-2013 at 04:29 AM.
Reason: Put SL
09-12-2013, 04:28 AM #37602
And there is the chart that I promised whit some changes from the previous chart that a uploaded a while ago and I also attached the initial chart posted a while ago
1 H chart enjoy
09-12-2013, 04:31 AM #37603
We may be headed to the Monthly pivot (1.3281). id expect a bounce around there. Will explore options to add more longs in that area. Currently holding long positions 1.3130 and 1.3235.
“There are no limitations to the mind except those we acknowledge.”
09-12-2013, 04:44 AM #37604
Thank you for the advice, i'll surely follow them
Originally Posted by Mozart
09-12-2013, 04:44 AM #37605
Things are looking good for bulls on the daily time frame. We managed to close above the 20 SMA, weekly pivot and 1.33 level.
These are quite paramount scenarios which favor the bulls.
The MACD on the daily has just crossed upwards.
The weekly R3 is slowly becoming a more achievable target as time progresses.
If bears do return and we attain a daily close below the weekly pivotal regions around the 1.3180 levels, this simply invalidates the daily bullish outlook.
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