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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 23, 2011 8:17
yeah.. there she goes.. will look to reverse trade at that Subz overshoot level below 1.4240.. SL 4190
subway90
Posts: 1078
13 years ago
Jun 23, 2011 6:51
trailing stops to 4315.....

i'll be back US session...
subway90
Posts: 1078
13 years ago
Jun 23, 2011 6:30
still playing the triangle scenario....

with expectation of false break to the upper side(test of 4800) then moving much lower... to test 3350/3400....
subway90
Posts: 1078
13 years ago
Jun 23, 2011 6:21
looking at last week's weekly candle.... bulls/bears fighting hard.... still undecided which way to go...

my reasoning for test of 4240( or maybe even lower) is that this will confuse a lot of traders(including digi.. who thinks it's headed lower already)... many could go short believing stops are at 4280(around 61.8% fibo).... but could get trapped believing so....

i'm just open for both ways... and only break below 4190 would confirm direction has been decided... until then... still respecting current recovery from 4073 is still intact...
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 23, 2011 6:09
Subz.. agree.. europe has some catching up to do though so might just as easily touch 4333 and then fall quickly..
subway90
Posts: 1078
13 years ago
Jun 23, 2011 6:06
trailing stops to 4335....
subway90
Posts: 1078
13 years ago
Jun 23, 2011 6:00
jacek

i think GBP will be moving much lower next week....
any recovery to 6160/80 would be a good sell for 5830/50...

just respecting my lines and the chart... and trading with it... nothing more...

recovery from 4073 still ongoing as long 4191 doesn't break.. wouldn't be surprised to see move higher already after testing 4280...
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 23, 2011 5:47
very plausible Subz.. how are you trading that scenario?..

might hedge my short EUR with long GBP which incidently touched 200-dma..
subway90
Posts: 1078
13 years ago
Jun 23, 2011 5:28
finally moving lower.... :)

4 hour still short... could see 1 more dip to 4280 b4 we can see recovery toward 4370/80...
above 4333 would already mean correction back up to 4370/80 b4 next leg lower to 4240/50....

still early to assume downtrend has resumed until 4190 is taken out... as long as we don't see daily close below 4240... still see good chance of testing 4550/4600...

(if and only)below 4190... see stopover around 4100 b4 heading lower to 39xx level...

gl/gt
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 23, 2011 4:08
I was too quick to dismiss that EUR range trade.. however danger of continuing south still prevails as large stops rumoured near $1.4280..
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