The Eu as risen nearly 70 pips in the early morning session. This chart is a 2 min on an hourly split - showing 4 areas of support - 2 horizontal fixed areas and 2 dynamic trendlines
9 mins to hr change and still not convinced S & R's will stop all the main pairs atm - might know in next 18 mins though ;-)
The AU was OK for you Sun and carried on retracing - EU and swissy though still carrying on atm though with their prior hr change moves and breaching S & R areas atm
AU slide continues slowly, while EU hit phi m5 shy of 6.8 pips 33269
Sorry it is not m5 but m30 chart (Fib 1.3493 to 3147)
That last hour change at 2pm UK time and 9am NY - was a classic market play - encouraging bears into sells under 3300 etc and then a 25 pip up spike on hour - to take out stops on new entries.
We remained under the high of 3318 and have since started falling again - but to me shows too many traders are looking at selling here - and the players or market makers don't like it - and show their strength with the spike ;-)
Remember they have other part time jobs as "bar stewards" ( or similar) - and they are reknown for not giving any one a "free drink" ( lol)
US market opens and EU a scalp buy again - and price did not drop below 3270. - range now 3277 to 3318 - we need one to go for more confirmation - otherwise all you can do is scalp in between. Out for next hour - so closing EU scalp buy at 3300. GL and I suggest you wait for more confirmations as market is playing and might have more tricks up it's sleeve ;-)
I closed EU short for +70.2 pips, too bad I closed AU earlier but 3 scalp sells in AU was 30 pips in total. Grand total 100.2 pips.
Still a great day for you then Sun - even with the slightly early entry - we need to get you some "delay action" protection so you don't quite peak too early ;-))
For this half hr if EU price goes over 3215 and 3226 - we are turning again for another try up. Its then is it a LH under 3318 ?
Join FXstreet.com Forex Social Network
Welcome toFXstreet.com Forex Social Network
Sign Upor Sign In
Or sign in with:
by Francesc Riverola
by White Rabbit
© 2013 Created by FXstreet.
Report an Issue |
Terms of Service
Please check your browser settings or contact your system administrator.