Price having a little trouble breaking the 76.4% fib. Edit: Wrong, just broke through. Next obstacle resistance at 1.2979.

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Target is 1.2979 but I'll be trailing my stop with each resistance level it breaks. Right now just doing a momentum scalp.

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Long 1.2959. Didn't take much time for bulls to take charge after London open.

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The fact that price has already made it past the very precise level that was respected at least 4 times before tells me that the hard support just isn't there....with the lower volume for this time of day personally I'm thinking this level is ...

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I'm not happy with the price action on this thing, it seems somewhat indecisive. Have tightened my stop up a bit. May seek to get out at break-even depending on what I see the next few minutes. Edit: Stopped out for -5. Not having a good evening, ...

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I'm in....first target is next fib line... image

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If it does reach 1.30 we may have some longer term bullish initiative as it'll break the very significant trendline in order to do so. I have my doubts it'll reach that and then turn around. Also, my luck, price came to within one pip of triggering ...

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Not really liking the pinbar price action, but will give this a shot anyway if it reaches my limit.

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I think maybe we're on different pages, I was hoping to go long at resistance turned support at the pivot level. I have a feeling the drive north won't last long but I'd see my first target at 1.29675 and if it gets past that, the 76.4% fib level. ...

EURUSD

At least you're making some money on it - I lost a small sum on my play thinking resistance would hold. Oh well, now I get to wait for the retracement bus to come back and pick me up. Hopefully that happens before the week closes out. Looking at the ...

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The market is always being manipulated by the big players....just go with the flow.

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Resistance broken, bulls are back in charge short term. Going to try a buy in at 1.29442.

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This is the second test of this key level since price broke it a couple days ago. The 50% fib line re-enforces the strength this time around as well (see chart here)....price is slowly receding from this level so a good shot that it will hold. May ...

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Price is testing the s/r pivot and 50% fib confluence...what it does here will be critical to direction. image

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Thanks for the reply - I guess I'll just have to keep watching the market. All of my trades are pretty well based on obvious s/r and fibs, but learning to interpret price action is going to take more screen time.

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Might be worth taking partial profit at 1.29255. image

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To either Gator of fxnav, I found your exchange to be interesting - what in particular were you looking at that you had such a precise number? I noticed resistance and a fib line a few pips up but nothing that lined up that exactly.

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Once current support breaks (1.29137) it may be worth looking to sell on a short term rally against it as resistance. I won't be taking it but something to look at. London opening now, by the way.

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What? Do you want a signal or something?

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Price trapped between fib support now acting as resistance and the support level just below. Probably not enough action to break the next level until London open though. image

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