Daily EUR/USD trades

[Buy1Sell2]

I don't like longs here on the Euro FX intraday. My view is just the same as it was yesterday, I think we would need a festering zone before a reversal up.

 

[romik]

Quote from Buy1Sell2:

I don't like longs here on the Euro FX intraday. My view is just the same as it was yesterday, I think we would need a festering zone before a reversal up.

Yes I remember, if you look at 26th Dec, there is an almost identical layout as we have yesterday/today, both on 30 & 60, in fact now we have a better divergence.

 

[gtholia]

soliciting news

 

[SwingOutOn5]

I agree. I got burned by this severe head fake. Instead of the flat going for a breakout, it looks like we're starting a channel between .3060 and .3300.

Based on fibs though, This is a really strong buy later this month if we are around the .3000 level.

Chart attached, updated data, old analysis.

 

[SwingOutOn5]

ok, i have to brag.

btw, by doing this, I'm going to lose the next 4 trades

 

[romik]

Long 1.3097

 

[SwingOutOn5]

Quote from romik:

Long 1.3097

are you watching the Eur/Jpy and USD/JPY? I think it's key right now.

 

[romik]

I do pay attention USD/JPY, what's your point? Why is it key?

 

[gtholia]

Quote from romik:

I do pay attention USD/JPY, what's your point? Why is it key?

 

[SwingOutOn5]

They seem to be in cahoots a little more than usual. I dunno. I found reversals to the minute, but just around the europe open.