Ashraf, in 4 hours chart of EUROUSD there is good trendline which is providing the support to the pair at 1.4030..taken out that will cause real downtrend for the pair....should i short at 1.4025 for 1.3890 trgt...
Hi Rob, yes the market is so erratic but i just enter into my USDJPY long at 9640 with stop at 9612. And its purely technical, in 4 hours chart of USDJPY, you can have one double bottom which was taken out at 9658.But I am worried before NFP.As Ashraf said any negetive number can give a spike to EUROUSD but its prone to fall like anything.Even gold cant able tosustain and break$949 and itmay indicates that the correction in gold is still very much there for $895. regards, Rajib.
Ashraf, do you think USDJPY is now heading for another rally towards 9780-9800 range and EUROUSD for 1.4230 range prior to ECB and NFP...?And if NFP comes out with some lower number with higher unemployment rate then how the market will digest that? regards, Rajib.
the action of cable is very frustrating...just in the Asian session market was about to break long consolidation area but later prooved to be a noise only....I dont know if its really in uptrend it should not break 1.6420. rajib.
Ashraf, i just go for long USDJPY becoz of some bullish indication in Bollinger Bands and market taking support at 9500 level for quite long time. And from fundamental point of view its just quarter end Dollar Buying from fund managers around the world to close their book.The time frame will should not be a long and from my point of view it will take just next couple of days. And offcourse my position is guarded by my stop around 9502. And one thing, I just love your website...it helps me a lot in FOREX trading....thanks for your effort and all the forum members. regards, Rajib.
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in 4 hours chart of EUROUSD there is good trendline which is providing the support to the pair at 1.4030..taken out that will cause real downtrend for the pair....should i short at 1.4025 for 1.3890 trgt...
yes the market is so erratic but i just enter into my USDJPY long at 9640 with stop at 9612. And its purely technical, in 4 hours chart of USDJPY, you can have one double bottom which was taken out at 9658.But I am worried before NFP.As Ashraf said any negetive number can give a spike to EUROUSD but its prone to fall like anything.Even gold cant able tosustain and break$949 and itmay indicates that the correction in gold is still very much there for $895.
regards,
Rajib.
can i re enter in USDJPY long at 9640 with stop of 9612..
reagards,
rajib
just now i covered my EUROUSD long at 1.4140...its looking bit top heavy for the timebeing ....is it now bit vulnurable for correction?
do you think USDJPY is now heading for another rally towards 9780-9800 range and EUROUSD for 1.4230 range prior to ECB and NFP...?And if NFP comes out with some lower number with higher unemployment rate then how the market will digest that?
regards,
Rajib.
I just entering long in USDEURO at 1.4007 with stop at 1.3981...what do you think...
reagrds,
rajib.
rajib.
i just go for long USDJPY becoz of some bullish indication in Bollinger Bands and market taking support at 9500 level for quite long time. And from fundamental point of view its just quarter end Dollar Buying from fund managers around the world to close their book.The time frame will should not be a long and from my point of view it will take just next couple of days. And offcourse my position is guarded by my stop around 9502.
And one thing, I just love your website...it helps me a lot in FOREX trading....thanks for your effort and all the forum members.
regards,
Rajib.