Breakout coming soon: Edit: Looks like it faked through the upper tl after the news, but maybe just a spike as it's back down now...

EURUSD

We were in a strong downtrend. It makes absolutely no sense for price to just turn around and run the other way. Fundies can't change that. Markets move in waves and channels, not streight up or down.

EURUSD

Price bounced up from a fib level, the fib starts from the low we reached last week and up to today's high. As I was saying, we went down for a while. Could range here for a while though, 42 is a strong s/r area. Poor baby, he's been at forex for ...

EURUSD

psiholog, just a small piece of advice - when you draw trendlines, try to connect the most extreme points (highs/lows) together to form the upper/lower trendlines. The market only really sees those, and even that isn't always a given.

EURUSD

Potential future uptrend channel...

EURUSD

282 monthly s1 broken, fib level of second downtrend wave from big h&s high to the low also broken right below 280, uptrend channel broken. Going down, potentially a lot.

EURUSD

It broke the uptrend channel at 43. If monthly s1 at 282 is broken again, solid this time, we're going down to 41 area. Also, could be forming an h&s first, with a second shoulder at 350 now and then a break through the base at the same s1 point ...

EURUSD

Benny be carefull with that signature, marketing not allowed.

EURUSD

You guys should look at 1m charts more, this was a very simple formation. url

EURUSD

Looks like if EU stays and goes down, and EJ continues to retrace more - UJ will go to 100 or even lower, which is consistant with the break of the previous low on it. I've posted a possibility of that a while back: url But I don't intend to take ...

EURUSD

Don't compromise on setups - be very patient, take what you can get - 1:1 r:r or better but not too big - only the very certain parts of the move as the rest is not yours for the taking anyway, it's just hoping (can close half and trail the rest on ...

EURUSD

Good, you'll learn a phousand times faster like that.

EURUSD

No of course not on all days, just at the start of the week. Ussual Asian session spread throughout the week widens to 1.2 from 0.9, or 1.5 from 1.2 as it was last week.

EURUSD

Yeah, weird...

EURUSD

Weekly R1 at 4466, but I see no other technical reason for it to hold. Downtrend channel since 1.6+ looks broken.. I've not tried to observe such differences between the demo and the real platform, but I can gurantee you that on the real platform ...

EURUSD

Actually at the time of your writing this, the spread often stays 10 pips. The fact it's lower already seems to indicate the opposite... A clear break of 4430 area now will break the downtrend channel we've been it ever since 1.6+ as I have it, and ...

EURUSD

Maybe the main thing is oil at 100. Most people would expect some retrace/ranging from here.

EURUSD

Bears beware short-term. I think it's dangerous to assume naturally that we'll go back down some distance now to 41 and lower. The channel we broke is about 365 pips wide and where we broke it (about 190) suggests a target of 550 which is former ...

EURUSD

For those guys that are into mid-term and long-term analysis, I believe it makes sense where the euro made a low and stopped dropping now. It could drop more, but if it doesn't then there's abvious justification for it.

EURUSD

Interesting, the 229.5 quote was from Oanda's demo, I logged on to my real account and it's 228.5. Weird.

EURUSD