I'm in a long since @1.3219 with SL on BE. Let's see how far this can go.

EURUSD

well, NY opens in <5 minutes - silence before the storm?

EURUSD

btw. if H1 closes above 21EMA, i'm in a long.

EURUSD

with @1.3320 target (todays R1)?

EURUSD

Well, no one can tell but your r/R and money management. You have to know reasons why you ran into that trade (that implies you know reasons to how/when get out of it) have your stop loss set up, etc....

EURUSD

Well, you have to be once you see them working

EURUSD

Agreed. Plus, we have a double bottom on H1. Should be considered too. On the other hand, it's testing 21EMA on H1 from the bottom side. I agree on waiting for clear view.

EURUSD

Absolutely. Very important dynamic S/R level.

EURUSD

Same thing here. I was already in sell @1.3181 with SL on BE but it was a bit to early. The price is stuck in between 21/55 EMA et the moment (on M15 chart) so I'm waiting to see which way will it go. Personally, still looking for short.

EURUSD

sell @1.3181 SL to BE so we'll see

EURUSD

@Ted1983 That pullback might reach its target pretty soon (38.2 fib retrace from the last swing high move that was at 6pm GMT). If so, we could go down further with the first target around @1.3100. Have to wait and see.

EURUSD

Regent, fka Esplanade

EURUSD

I read somewhere: Staying out is a position. Of course, it's not some comfort in a rally like this, but there will be more chances.

EURUSD

Be careful with that. Especially when we reach 38.2 fibo pullback level which is somewhere around @1.3188.

EURUSD

Looks like that but it should be confirmed by breaking and closing below @1.3280 (M1)

EURUSD

I agree... That's why I'm in a short [Look at my previous post for target expectation]

EURUSD

Could you tell, what is your target on this short? I'm thinking about @1.3250 for today, but maybe even leaving it open since on D1 looks like we're hitting years low.

EURUSD

Absolutely true Without having the whole picture (for intraday trading all <H4 at least) it is more a gamble than trading. Just like fractals, TFs should be synchronized in order to have some logic trades (as much logic as possible in the ...

EURUSD

On my setup these two candles on H1 are below trendline (if that is the trendline from W1). Having that on mind + H4 TF, looks like we're in indecision at the moment (personally, I think short, but have to wait and see).

EURUSD

That makes sense. But at the same time it breaks down much longer TL. The one you can see on W1 chart (starting in November, 2008). This really is a critical area without clear clue where will it go (although i think short).

EURUSD