"Hi Ossbwy
1.2500 is strong support as yet moving 4 pips below 1.2500 don't mean break. All in all today close that I think will be around 1.2600 dictate next week moves. With closing today above 1.2580 we have corrective bullish move at least…"
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Reza Ajorloei
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Ossbwy commented on Reza Ajorloei's blog post EURUSD 25 May 2012"hi Reza Ajorloei.you were right 1.2600 is resistance but trend broke strong support 1.2500, it touch 1.2494 so now what's you predication about today end will be below then 1.2495 or near 1.2580 and what will be next week trend it will still…"
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Have a good weekend karunesh"
Karunesh commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Thanks a lot Reaz for your time and patience.I have placed a sell stop order at 1.2615 with a stoploss of 40 pips and take profit 30 pips..Thanks again and have a nice weekend.."
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Karunesh, In fact corrective phase is step by step at all and could have complex shape such as triangle, ABC zigzag, flat or combined one, after every step move we can estimate next step targets and probabilities but from other methods, euro…"
Karunesh commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Thanks Again.. Reza if Euro is in bearish phase..how long do you expect the bullish correction to extend..so that i can get idea where to short Euro.."
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Thanks ccmsp, wish good weekend for you too..:)"
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Yes karunesh
I see bullish correction ahead but don't forget entering market in corrective direction is not wise trade."
Karunesh commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Thanks for your insight..I thought you were bullish on euro for the next week ..So i thought there be some buying opportunity around 1.25 area.."
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Hi Karunesh,
I'm not euro buyer as long as we have strong sloping channel intact, In other word below 1.2700 Euro moves are corrective and buying the pair is highly risky. My preferred trades are selling in resistances. If you are long on this…"
Karunesh commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Hi Reza,
Can you suggest a good entry to buy Eur/Usd ..and what should be the stoploss."
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 25 May 2012"Euro could close today around 1.2600 so be cautious regarding selling pair, try to exit from short trades around 1.2550/60.
"
Reza Ajorloei posted a blog postEURUSD 25 May 2012
Hello Friends,Euro well dropped yesterday from 1.2610 resistance but keeps 1.2500 strong support as yet. My view is keeping this support for coming days too and I assume corrective bullish move ahead of next week below 1.2800 and above 1.2500. For today expect side way moves in 1.2520-1.2620/40 range. My recommendation is selling pair above 1.2600 for 30-50 pips profit taking.Good luckSee More
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 24 May 2012"Euro well dropped from 1.2610 resistance and retest 1.2520 (important support), From here again bounce expected to levels above 1.2600 most likely around 1.2660/80 in coming sessions.
"
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 24 May 2012"Thank you Ossbwy
I wish successful trades for you. Good luck"
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Comment Wall (3 comments)
- At 5:34pm on March 12, 2012, Razvan Constantin - Nick said…
I see the short at 1.3220-1.3240 area...it had a nice move away from this zone...maybe this time it breaks the 1.31 zone dives to the origin of a nice move to the upside...
- At 8:24am on March 15, 2012,
Leon said… Thanks Reza. Guess it is wiser to sit out for now.
- At 11:44am on March 15, 2012, Leon said…
Spiro I just bagged a quick 20 pips based on Reza's thoughts. Still got another one open for a 40 pip profit target. Just couldnt stay out of that long.
Reza Ajorloei's Blog
EURUSD 25 May 2012
Posted on May 25, 2012 at 8:07am 13 Comments 1 Like
Hello Friends,
Euro well dropped yesterday from 1.2610 resistance but keeps 1.2500 strong support as yet. My view is keeping this support for coming days too and I assume corrective bullish move ahead of next week below 1.2800 and above 1.2500. For today expect side way moves in 1.2520-1.2620/40 range. My recommendation is selling pair above 1.2600 for 30-50 pips profit taking.
Good luck
EURUSD 24 May 2012
Posted on May 24, 2012 at 7:00am 8 Comments 1 Like
Hello Traders,
Euro decline accelerated after 1.2620 break down, however this break open doors for aggressive sell in front of us but I think we may see bounce first above 1.2620 touching 1.2680/2700 area, so entering short trade below 1.2600 is not recommended because of high risk/reward. I…
Continue EURUSD 21 May 2012
Posted on May 21, 2012 at 5:55am 6 Comments 3 Likes
Hello Traders,
Euro found support around 1.2640 and reversed to 1.2810 H4 channel resistance) also 23% of 1.3285-1.2640 fall, this level expected to drag pair down to 1.2700/2680 level, further decline at current situation is not supported before closing daily below 1.2650 that bring us slide continuation below 1.2600. For today my recommendation is selling euro around 1.2800 with stops above 1.2850 and targets below 1.2700.
EURUSD 18 May 2012
Posted on May 18, 2012 at 7:35am 4 Comments 2 Likes
Hi
Euro is approaching 2012 low (1.2625) highly anticipated to be tested today after consolidating price below 1.2700. What will be the next move after testing 1.2625 low?! Answering this question is not easy now but in high probability we might see good retracement above 1.2800 in coming days before another round of shorts come in place. My recommendation is exiting of short trades below 1.2650 and waiting for taking short in pullbacks above 1.2770/80. Take care regarding to…
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