Sell Eur/Usd

[Noor]

Our teacher is Back ....

Iris, Usd/Cad did not make any south move till now even though Oil is at $69... And we all know that Canadian dollar moves almost the same as Oil charts...

My question is... Is this is the end of the south move in Usd/Cad and that we can say now the 1.14 area is the bottom for 2006??

[Menjee]

Noor, Cad elections today. I think the market is waiting for the outcome.

[Noor]

Originally Posted by Menjee

Noor, Cad elections today. I think the market is waiting for the outcome.

Thank you Menjee

[Menjee]

Glad I could help. Thanks for your analysis Noor.
Which reminds me. I have to go vote
I'm eager to see which way the usd/cad will go.

[Iris]

Hello Noor...Menjee...Everyone....

Canada has important rate news tomorrow on a definite .25% hike to 3.50%along with the Canadian elections with the 1st Conservative governance in over a decade...tho current baseline Support at 1.14 is strong and with Crude Oil possibly Topping at $69.20 for a South move to $64<>$62 a basing is Positioning for a North move.

I would wait till after the Canadian Election/rate hike tomorrow before formulating an Entry Zone as Crude Oil is off it Highs currently at $67.80Bl with the Usd/Cad poised for a North advance onto 1.17<>1.19 levels upcoming with its current South test of Lows dating back to the 1990<>1992 period.

Let the Market digest the impacts tomorrow...and Open an Entry Window.

[boldrik2]

Head & Shoulders on 30 min EURUSD + macd divergence?

[Mafioso]

To Noor and Iris
Good day to u both. I would really appreciate ur view on EUR/USD now as many traders think a rise to 1.2370 is on the way. I'm short at 1.2283 targeting 1.2190. Should i stay in this position or close it and turn long an short higher at 1.2370 level.
Would very much appreciate your reply.
Best regards

[comingback]

Originally Posted by Mafioso

To Noor and Iris
Good day to u both. I would really appreciate ur view on EUR/USD now as many traders think a rise to 1.2370 is on the way. I'm short at 1.2283 targeting 1.2190. Should i stay in this position or close it and turn long an short higher at 1.2370 level.
Would very much appreciate your reply.
Best regards

I am sitting here doing nothing, so I will post this. What you are doing is a recipe for disaster. You should never ask someone else whether you should buy or sell. Iris or Noor (or anybody else) don't know where the euro will go from here. Whoever 'gets it right' is gonna be lucky, pure and simple. It is pretty disgusting for anybody to suggest they know where the price will go from here. nobody knows anything about what is going on. The sooner you realise Iris doesn't know any better than any body, the better off you will be. Guessing market direction is just that guessing, especially soon after a breakout. I accept that prices are much more predictable when in a tight range, but you will do better to quit asking Iris what to do because his GUESS is as good as yours. Good luck.