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    • deeZG replied Aug 2, 2011

      that's not H&S. it would be one if H1 uptrend was preceding it so H&S would be a reversal pattern. And that's not a case here.

      EURUSD
    • deeZG replied Aug 2, 2011

      1.4160 looks like a solid support for the moment. Took a little long with lower lot size just to see where it can get us before NY open.

      EURUSD
    • deeZG replied Aug 2, 2011

      We ended up yesterday precisely on 50% fib retracement of the 12-27. July move. Looks like wee need a deeper pullback of the yesterdays drop to go through it further down. I'm waiting for 1.4320-1.4360 levels to reenter short. It would be lovely to ...

      EURUSD
    • deeZG replied Aug 1, 2011

      no doubt about that...china already said last days that essentially nothing will change even if US gets downgraded. on the other hand, portugal, italy, spain...doesn't sound good...

      EURUSD
    • deeZG replied Aug 1, 2011

      what you want to see is a change of trend or a break of the range. whatever it is, you need a low lower than the last one. in this case, that means a close of the candle below 1.4244. Once you get that, conservative entry will hold, wait for a ...

      EURUSD
    • deeZG replied Aug 1, 2011

      yes, i agree completely. it would be ideal to see nice 50% retracement (c wave projections in terms of your chart) but in conditions like this it's completely possible we don't see it but instead just drop further. Looks like Asia open and ...

      EURUSD