EUR.USD

Quote:

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Originally Posted by peat

I did , but wisely took a lot off at 1.2650
starting to slowly build up shorts again now , I may experience pain for a while but am reasonably confident it will fall hard when it does if I look at the daily chart I see a downtrend
but hey I could be wrong and I will reduce over 1.29

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Braver than I am, I want to go short, but I think I will sit on the sidelines and wait for a better signal.
Good luck!

I've just gone short GBP.USD . Will wait on signals to do the same with EUR/USD, or use as a hedge if the trade should go against me.

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damn, the markets are ultra volatile tonight!!

SPIEGEL: As an investor, would you still bet on the euro?
Soros: I certainly would not short the euro because China has an interest in having an alternative to the dollar. You can count on China to back the efforts of the European authorities to maintain the euro.
SPIEGEL: Is that the reason why the euro is still so strong compared to the dollar?
Soros: Yes. There is a mysterious buyer that keeps propping up the euro.
SPIEGEL: And it is not you.
Soros: It is not me (laughs).

Am short Eur @ 1.4120. Looking at 1.4000

Quote:

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Originally Posted by dragonz

Am short Eur @ 1.4120. Looking at 1.4000

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closed position for a + 49pips. Will reenter a short should this fall below 1.4036 thus confirming its downtrend direction.:)

Quote:

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Originally Posted by dragonz

closed position for a + 49pips. Will reenter a short should this fall below 1.4036 thus confirming its downtrend direction.:)

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closed position for a + 24pips. Will reenter a short should this fall below 1.3924 thus re-confirming its downtrend direction

Not too often one hops a 250 pip ride moments before the bus takes off.

Attachment 4636

The situation did become very oversold though, which accounts for such a snap back.

After USD I believe EURO will have their day in the long run.

I am bullish on EURO in the long run and it will shine like AUD and NZD. Next 18 months is very crucial for EURO, AUD, NZD and emerging market currencies.

EURO and emerging market currencies will appreciate against NZD, AUD in the medium run.

My ideas are not a recommendation to either buy or sell any security or currency. Please do your own research prior to making any investment decisions.

http://www.marketwatch.com/story/eur...ged-2014-07-03

U.S. dollar hits three-week high versus yen on jobs

Euro drops as ECB holds rates unchanged; Central banker talks down Aussie

Nice day trade even if I did have to wake up pretty early. I sure got that worm
Attachment 9412

I am trading in the EuroUSD again this time in the opposite direction - so I am short from Friday after a bearish gartley presented itself - which is not shown exactly but those familiar will recognise the fib levels which are shown.
The USD govt closing down raised my anxiety a little during the weekend and indeed the price gapped up half a cent but I have held the position which would appear to be coming back to Fri close pretty quickly . These closures seem to be a bit spurious in the past ...

Attachment 9432

my weekend thoughts
EURUSD
Monthly :
Price has moved upward from the trendline top of a down channel which rejected down from the 200ema ( the down channel ) . Price continues moving down from the 200ema



Weekly :

Price has moved downward in a possible down channel from the down channel rejection double top above the significant level at 1.218. Possibly in a 'V' reversal pattern. Price has moved down below the strong level 1.218



Daily :
BIG RED DOUBLE WICKED CANDLE – PRICE MOVED DOWN REJECTING THE STRONG LEVEL 1.218 – MOVING TO THE SIGNIFICANT DAILY, WEEKLY, MONTHLY LEVEL 1.210 AND JUST BELOW THE 50EMA AND THE BASE OF THE DOWN DEFINED DOWN CHANNEL – PRICE IS AT A STRONG LEVEL AND INSIDE THE EMA'S
THE SIGNIFICANT LEVEL IS NOW A BARRIER TO ANY MOVE DOWN AND THE 50EMA A BARRIER TO A MOVE UP – CONVERGENT MACD


So now ASK : is the price likely to go up or go down OR MOVE WITHIN THE CHANNEL?

18th june 2021 thoughts for what they are worth
EURUSD
Monthly :
Price has moved upward from the trendline top of a down channel then rejected down from the 200ema toward the down channel. Price rose but failed to stay above above a significant level 1.218. Price continues moving down from the level and is very close to a red outside candle.



Weekly :
Price has moved downward breaking below the base of the possible down channel to a strong SIGNIFICANT level and zone at 1.1900. 'V' reversal pattern failed.



Daily :
SECOND BIG RED (THIS TIME DOUBLE) WICKED CANDLE – PRICE FELL MOVING STRONGLY DOWN THROUGH THE 200EMA TO A STRONG DAILY, WEEKLY AND A SIGNIFICANT MONTHLY LEVEL 1.1900 – PRICE IS BELOW THE EMA'S – THE 10EMA HAS CROSSED DOWN BELOW THE 20EMA AND THE 50EMA ALL DESCENDING, ALL ABOVE PRICE – THE 200EMA ASCENDING ABOVE PRICE
THE STRONG SIGNIFICANT ZONE OF 1.1900 TO 1.2000, AND THE 200EMA ARE NOW BARRIERS TO ANY MOVE UP AS ARE THE COMBINED 10EMA AND 50EMA AND THE 20EMA FURTHER ABOVE – CONVERGENT MACD DOWN -
I
So now ASK : is the price likely to go up or go down OR STALL ? WHERE IS THE NEAREST BARRIER, UP OR DOWN ?

19th thoughts

EURUSD
Monthly :
Price has moved upward from the trendline top of a down channel and rejected down from the 200ema ( the down channel ) from which price failed to move up returning inside the 10ema again – indicating possible fail to move up or stalling on the monthly time frame


Weekly :
Price has previously moved upward in an up channel from the long term down channel then twice rejected the significant level at 1.218 shown in blue. Possible trend reversal in progress to be conformed with a lower low. Refer Marks education.


Daily :
third BIG RED DOUBLE WICKED CANDLE – PRICE AGAIN MOVED DOWN CONTINUING DOWN BELOW THE 200EMA – MOVING TO A VERY STRONG DAILY, WEEKLY, MONTHLY LEVEL ABOUT 1.185 – THE 10EMA HAS MOVED DOWN BELOW THE 20EMA AND THE 50EMA ALL THREE MOVING DOWNWARD TOWARD THE 200EMA BELOW AND THE PRICE EVEN LOWER – PRICE IS AT A STRONG LEVEL AND BELOW THE EMA'S AND THE WEEKLY 50EMA
THE STRONG LEVEL IS NOW A BARRIER TO ANY MOVE DOWN AND THE EMA'S AND SIGNIFICANT LEVEL A BARRIER TO A MOVE UP – CONVERGENT MACD
I
So now ASK : is the price likely to go up or go down OR STALL?