EUR/USD (GENERAL)

I wonder if price cant get hi enough tonight to test the 50 and 200 ema's on the h1 (red and yellow ema)

EU H1

I have the stop at break even and I am taking some profits off the table now at +32. I will let the rest run in hopes of testing the 61.8 on the h1.

The daily closed above the 50% with bullish hidden divergence, so as long as that holds, longs are good.

EU daily:


EU daily target IF the 50% holds:

Problem area on the h4 represented by the red arrow. This is where some people may short the EU if it gets that hi.

EU H4:

PipChick wrote:I have the stop at break even and I am taking some profits off the table now at +32. I will let the rest run in hopes of testing the 61.8 on the h1.

Well my BE stop was hit. Dang Gator had to go and sell the EU over in the FF thread. Anyways, its the end of the week and NFP today so I am done for the week. Made some decent pips the first part of the week but a little scanty the rest of the week. Have a great weekend all

thats how the weekly must close engulf prev. 2 weekly candles-- --- 1.4115 is about to test sometime next week-- then 1.37's later--- then much much more--- 1.2's -- selling rallies on e/u from 3 yrs ago-- fakey "bullflag" will confuse many i guess !
DX-index--- oooh 85 is what we want this year ! upper TL of monthly Triangle

Why does it have tto engulf 2 candles?

Matt99 wrote:Why does it have tto engulf 2 candles?

dont have to--just show where is the players-- they selling rallies and NOT BUYING DIPS-- 13 trading days wiped out in 2 days -
maybe i am wrong,but thats how i see this monthly top - i dont know-- i like selling E/U way more than buying ATM -
and i do see parity before we will see 1.6 --lol

it take only 15 min for the fed to jump in and start hiking--lol
just kidding ! -- so far so good with shorts-- will closed it, as soon as i see danger !
1.45's is key ress ,sometime in the next few sessions-- (possible right shoulder) and 1.4115 is neckline - thats if we get down there-

Right shoulder looks freaky...stretched by Trichet?

Thanks for explanation.

I too is eurobear...only 2 countries holding the euro up...Germany because they have to and the US because they want weak dollar against the euro to keep their exports up to the eurozone. Gator once said there is giant inverted cup and handle in the making on the weekly or monthly don't remember which. But watching the bullflag also though.

Matt99 wrote: Right shoulder looks freaky...stretched by Trichet?

I too is eurobear...only 2 countries holding the euro up...Germany because they have to and the US because they want weak dollar against the euro to keep their exports up to the eurozone.

i am playing this H&S -- and only see ABC correction to 1.37's -- maybe it is a BUllflag-

Ok ,thoought u meant the weekly....now I see it too... will keep an eye on those levels.

Will be looking at this setup if PA holds over the next few weeks.... Thinking dollar will rise eventually when Obama announces troops coming home.. Greek news perhaps a nice pullback

ok -here is my view on E/U and it still stay the same as of 2 yrs ago !! massive top was develop and we are running now on the final stages ,that will leads us in a triangle before the collapse to parity and below--but that will happen not this year--- so in my view E/U TOPP for this year @ 14950's ,we WONT SEE HIGHER HIGH'S anymore (only my view) --- we will see low's of 1.23/25 before year end ! e/u was sold on every single rally from 3 yrs ago and was never been bought up -- i am in for 1.23's ATM - then i will start looking for reversals to current high's again-- much later we should drop below parity --- anything is possible and we can still heads to 1.52xx but E/U IS NOT BULLISH -- NO DOUBT ABOUT THAT ( monthly chart)
DX -monthly also point out a reversal triangle -but for now - we will be looking for 85.00 this year and E/U 1.23/1.25
one chart of e/u was months ago -other one is latest-but still the same view
all the best and GL- and this is purely gucci's view - it might mean something,or it might mean nothing at all

another weekly chart --- perfect ABC from 1.2's to 1.5's - that tell me -hmmmmm triangle underway -- ABC back now to 1.23's -then up again ABC --

happy mother's day to all mother's here specialy for pipchick........and for the rest happy weekend..........

https://www.youtube.com/watch?v=Yy0P1O7NXHo

great posts Guccy, great analisis.........have a great weekend you all........good luck on Sunday...........

chonchy wrote:happy mother's day to all mother's here specialy for pipchick........and for the rest happy weekend..........

https://www.youtube.com/watch?v=Yy0P1O7NXHo

great posts Guccy, great analisis.........have a great weekend you all........good luck on Sunday...........

Thanks chonchy Hope you had a great weekend with your Mrs. and beautiful girls

We have a good possibility of testing the h4 5 ema which is confluent with the h4 200 ema located about 4440 area. I placed a test long at 4380 with a 20 pip stop. I will move stop to BE if/when trade is +15-20 pips.
We may have the beginning of an abc long on the daily as long as the 78.6 fib holds located at 4324 but below 4324 and we will most likely see 4157 or better.
EU Daily:

Oil, gold and DX daily charts closed friday off of key levels:

Oil:


Gold:



DX:

I scaled out a bit at +20 and stop is at BE now .

good call pipchick and good management of the trade, I did had a great weekend, hope you had also, good luck to all this week coming, I'm selling tops.........

minor pullback , before another round trip to take out key supp @ 14150's with a spike below to 1.4115 ---my expected low's for the week is 1.4115 with key support @ 14150's --and MAX hig's in the region of 1.45's----------- overall 1.23's is pretty much in my cards somewhere in Q4/Q1 2012 but fisrt is 1.2765 ,then huge B wave should form before will see 1.23's ---

Well, price retested the Weekly UTL and bounced. Let's see what hapens from here. A retest of this UTL is very likely imo.
Am selling rallies.

My BE was hit last night but I entered again at the same price. I got 20 pips out of that so again, my sl is -20 pips but I will be moving it to BE soon. Im working with the daily chart at the moment as we are in an abc long AS LONG AS 4324 holds.Looking at the smaller TF, I can see why you guys are selling rallies

I am taking these "test" trades as I call them to see if I can get in on the right side of an abc at an early price. But...if 4324 gives, then the abc is voided.

Daily:

I have a 1hr ABC short setup with bearish HD, which is currently in play I think. Looks to me like the bearish HD needs some more gas and C a slightly higher level.
A retrace to the 618 fibo at 4480 might be a good place to reshort for a target of 4210.....IF we bounce at 4480.