Sell Eur/Usd

[boldrik2]

Look like head shoulder ( mesa bottom) with all major indicator bullish divergences on GBP 30min went long at 1.7456

[watchmen]

Never saw that QuickDraw - well spoted. I normally trade head shoulders at retest of the broken neckline. Its a Peter Bain trading method. Well spotted anyway.

[watchmen]

sorry Boldrok2 qudos gos to you. I was a little to quick on the button there.

[pbtech]

Originally Posted by pbtech

Sold @ 1.1995. Target; 1.1920

Finally closed this trade @ 1.1972. It had reached down to 1.1943 earlier but was strongly rejected at that level. here on it looks to be a bit of an up-down aff.

Will continue to monitor closely but I still think the probability of a downward movement to around the 1.1900 level is quite high which could perhaps happen on better-than-expected deficit numbers on Friday.

Let's wait see....

[boldrik2]

sorry watchman target 7510

[Iris]

Hello Everyone.............

I'm Looking for the Swiss to Top out today at 1.3020/25 which will have Euro testing a decline Low to 1.1938 level before a Corrective pullback ensues...also with the Euro having a test below 1.1959 is setting the stage after a Corrective pullback to test the 1.1890<>1.1830 Lows.

Euro current Low at 1.1926 for a Corrective pullback...Buy Euro off the Lows at 1.1926 above to Target 1.1990<>1.2020 to Reverse into a Sell Entry Zone...with Cable off the Lows to Buy at 1.7405 above to Target 1.7480<>1.7510 to Reverse into a Sell Entry Zone.

Euro<>Cable Scalp North to a Sell Entry Zone...Key is Swiss North containment at 1.3035 to decline back to a Buy Entry Zone at 1.2935<>1.2965.

Swiss 1.3035 North containment to a decline triggers Cable<>Euro North to Targets. A Swiss North break at 1.3035 Closes Cable<>Euro North...temporarily.

[4Xgold]

[quote=Iris]Hello Everyone.............

Euro current Low at 1.1926 for a Corrective pullback...Buy Euro off the Lows at 1.1926 above to Target 1.1990<>1.2020 to Reverse into a Sell Entry ZoneQUOTE]

You gave the entry target but did not give the stop. Do you have a stop?

[pbtech]

Originally Posted by Iris

Hello Everyone.............

Euro current Low at 1.1926 for a Corrective pullback...Buy Euro off the Lows at 1.1926 above to Target 1.1990<>1.2020 to Reverse into a Sell Entry Zone...

Iris with respect I think this could be a bad idea. Especially now that lower oil prices will have given the USD an extra boost it is quite possible that downward momentum will be maintained through the end of the week making this a dangerous move.

I myself have sold off the break through 1.1965 am trying for the 1.1900 target (again). So far things aren't looking too bad I personally am not counting on any major pullbacks.

Good luck with your trades.