I have to say I love it when your numbers start agreeing here with my bias.... new lows below 1,12 please and yes I think 1.1540 is tough so that area is another short I would take for sure .

The Swamp

1.1405 is the line to keep longing imo... but a close below 1.1440 will help

The Swamp

See which one breaks. I keep short for now but can spike higher. So shorts in place

The Swamp

We should see 1.1430 firs... here it might shoot up so I will try a long at 1.1425 with a small stop... break 1.14 and I look for more shorting scalp

The Swamp

I shorted here for a scalp. This has room for 1.1540 thats if the low holds

The Swamp

[quote=gem.stocks;11950846] i don't use nor take EW seriously - though i have read about it and i haven't seen what you describe as a 5 wave structure - unless you're talking about a 5-3-5 or 3-3-5.... without causing offence, EW is a mess to me and ...

EURUSD only

this wave pattern doesn't make sense to me - your count isn't an implusive 5 wave - we will see new lows below 1.12 but i just don't know when

EURUSD only

bouncing - but if we close the day below 1.1440 then it might just keep going... will try to get a scalp after NFP settles... 1.1470 for some short... 1.1425 for some long

The Swamp

Out +1

The Swamp

Yup. There is always opportunities. Micho - i spoke too soon lol

The Swamp

Me too close everything here. I will buy a bounce at 1 1450 for scalp. Close below 1.1427 and we probably keep going to 1.1350

The Swamp

Hmm well it looks like bulls aren’t done yet.. a close below 1.1420 would help but doesn’t look like it right now

The Swamp

Break 1.1471 and close below and we might see a shampoo playing out... 1.1427 would be that target.. though it looks bullish still - this is resistance on daily so I expect to see a pull back

The Swamp

1.1350 is what I wanna see but today I don’t see 1.1427 breaking - who knows.. tomorrow is NFP

The Swamp

1.1427 ish is the support for me... Stochs tell me we probably won't go there

The Swamp

I am setting my targets to 1.1465 - 50 pips average daily range..

The Swamp

Me too... break below 1.1480 will help - I would love this to crash back down to 1.13 but I don’t see it... too much bull power right now... anyone else see 1.14 again?

The Swamp

Another short at 1.1512... i am prepared for this to break out upside.

The Swamp

this might be replaying the xmas move - 1.1576 was the high before markets opened on 2nd january - then markets opened around 1.1460.... if this is doing that then i will try a short at 1.1575 for new lows..

The Swamp

yes closed at 1.1463... this can go much higher but for today, 1.1504 caps it i hope... retracement to 1.1450 is good... if we close below 1.1450 in the next 2 hours then we maybe lucky to test 1.14 and lower

The Swamp