EUR/USD (GENERAL)

We now have this:



EU m15

PipChick wrote:Looks like price is still trading in the h1 range over night. It also looks like there is a good chance to test the 4 hr 50 ema (red ema) unless we bounce from this current price. If that happens, a new abc will be formed on the h4 with bullish hidden divergence.

EU H1


EU H4

Do you think it will break the upper trendline of the flag?

First target met. Up 49 pips and will scale out and trail stop manually

M15 :

Matt99 wrote:

PipChick wrote:Looks like price is still trading in the h1 range over night. It also looks like there is a good chance to test the 4 hr 50 ema (red ema) unless we bounce from this current price. If that happens, a new abc will be formed on the h4 with bullish hidden divergence.

EU H1


EU H4

Do you think it will break the upper trendline of the flag?

The eur is pretty strong against the usd right now so it is very possible.

Weekly



Weekly



Monthly



Correct me if I am wrong...

I had those bear gartleys a few weeks ago but the trend was so strong, they were violated. But whenever I see those, I trade carefully. Thanks for pointing them out

We have the same scenario on the m30 that we had on the m15 earlier today that gave up about 75 pips. (I didnt make all of the 75 pips, I made about 55 in the end)
But we do run the risk of testing the m15 50%

EU m30 and 15:

Divergence on weekly ,was that correct? Might be wrong...something wrong with my datafeed. I don't have June 2010 on monthly ,which had the low of 2010 ,1.18757. Any Ideas?

PipChick wrote:We have the same scenario on the m30 that we had on the m15 earlier today that gave up about 75 pips. (I didnt make all of the 75 pips, I made about 55 in the end)
But we do run the risk of testing the m15 50%

EU m30 and 15:

Inverted HS?

Hmmm, not trusting this move up much. I was expecting a retrace down to the 47-4730 level before any continuation further north. (1hr 618 fibo retrace + 4hr 382 fibo and the 4hr 50ema).
We have a quite spurious inv H&S on the 4hr EU with a spurious neckline currently in play.
I'm still long EU, but am looking for a move down to the 4hr 50ema reasonably soon.... I will be watching this neckilne for signs of weakness below it, if price falls below.

Btw, I have a current 4hr D target of 5150 and a 1hr D target of 1.50 dead.

Closed my EU longs @ 4920.
Hoping for a reasonable retrace now to get back in on the dip.
We'll see....

Can I just say, i'm doing this right now.
lol

And we're currently at the inv H&S neckline I mentioned earlier. Let's see what happens here.

I have 1.4989 as D on 1Hr ABCD

Hi guys, I was playing in the other thread today. lol...its been lonely in here lately so I went there to play a little. Looks like mikey and pippers is really getting the hang of the abc's. Once you get it, you wont need to worry about being at your pc all the time because these things develop on all timeframes all of the time. Nice to see you mikey. I hope all is going well for ya

i went ahead and short E/U out of gutfeel only -- i wonder till where will it drop ? any predictions ? anyone ?
i just got no idea --thats if we going to drop further -
we already move 1900 pips without a signifficant retrACE- maybe it is time for a heafty pullback - i was pending short @ 1.5020's but looks like we wont make it -

i am going for the big one again- i cant be wrong 10 out of 10 ?

1.35 's ? maybe -my stop is above the daily pin high- busy with other pairs ATM, not familiar with e/u right now,but it looks good for a few pips down- but i am going for 1.35's, or in that region-

gucci wrote:i am going for the big one again- i cant be wrong 10 out of 10 ?

1.35 's ? maybe -my stop is above the daily pin high- busy with other pairs ATM, not familiar with e/u right now,but it looks good for a few pips down- but i am going for 1.35's, or in that region-

Hey Gucci
Looks like your short could possibly be good. We broke out of the h1 range today but we are now back in it.

H1:



I thought about taking an abc long off the m30 since it also had bullish hidden divergence but decided to wait a bit because of the m15 HS to the downside.

M30:



The M15 has a distinct HS which may take to price to the bottom of the h1 range again. So I may miss a trade but I will wait until after dinner and take another look.

M15

I think a 15 min close above 4837 will kick in the bullish hidden divergence on the m30 chart and take price to 4870 and a 15 min close above 4870 will take us to 4938.
I think a close below 4819 will take price to 4798 then 4774 and possibly 4752.
Bank holiday for Asia tho so nothing at all may happen.lol
Just something to keep an eye on.

EU M15:

Seems like the daily TL and 5 ema is holding. My fav show is on in about 15 min so I am calling it a night
Daily:

Looks like EU m30 was in a nice abc long run until factory orders came out. I wasnt able to score on it tho cuz I was sleeping . But, as long as 4806 holds, the target is 4971.I should mention tho that the usd is stronger than the eur on the currency meter so 4806 may not hold.

m30 abc long off the 78.6:



M30 targets:

Im going to go ahead and try a buy here at 4842 with a stop just below C or sooner if the CM becomes stronger. Oh that was a stupid thought, forgot about the bank rate so I will wait.

This is an indication that price "could"break C... More news at 7:45 and 8:30 am so I will sit out till later this afternoon. Appointments today

Hmmmm, I hate to not agree with PC, so I say this reservedly; am watching for 4735.
Chart still in play I think.....
Not inconceivable that the 4hr FE618 is as far as we'll go for now.