EU - where is it going next?

[Lucrum]

Quote from Steve:

Is it going up to the testing area, or is it going to plummet like a stone?

What do you think?

BTW There is a chart attached with the testing area

Couldn't it go sideways?

 

[Steve]

Quote from Lucrum:

Couldn't it go sideways?

It could Lucrum - if it goes to the testing area and rejects it (one of the possibilities). In that case it would make a triangle pattern with a potential for a nice break out trade?

 

[Steve]

Quote from Steve:

Is it going up to the testing area, or is it going to plummet like a stone?

What do you think?

BTW There is a chart attached with the testing area

It went to the testing area and touched it. Now it seems like it's going south.

Any thoughts?

 

[ammo]

Quote from Steve:

We can just follow the big boys Instant Karma. If only one knew beforehand what they are up to - trading eur/usd would be much easier. HFT doesn't help either.

hft is just noise..how much coal do you think the big boys have,can they keep fueling the train, how much higher is the mountain this train is on, and whats after the top, a higher mountain or a valley

 

[ammo]

if no. 1 is resistance we drop to 2,if we can't hold 2, then drop to 3,if we can't hold 3 then 4

 

[ammo]

short term we could drop to 1 2965-30 area

 

[Steve]

Quote from ammo:

short term we could drop to 1 2965-30 area

Thanks for the numbers Ammo - I'll check it on my charts

 

[ammo]

eur

 

[Steve]

Going south? (there is a chart attached for your kind attention)

What do you think?

PS I would go for a short only if it goes below the doji (order to short few pips below)

 

[oldtime]

Quote from Steve:

Going south? (there is a chart attached for your kind attention)

What do you think?

PS I would go for a short only if it goes below the doji (order to short few pips below)

well, that's half an opinion

what's your opinion on usd who you are spreading against?