I'll just show you the 5m charts of today/yesterday dip. For a pullback i will consider whenever the candle break above the 20 EMA. To improve the accuracy of the method SR study of higher TFs is appreciated ;)

I will start with the late Assia session / pre-London open:…

This is the chart with the arrows I posted in the previous post (don't forget the comment that every SR level could turn the price direction).

There was a turn at the 61.8 fib retrace of the last 4h swing down in line with (almost) with a weekly CP…

Hi all! I'm back again. There is a bullish divergence on all oscillators I use. EU found support in the 2927 to 2937 4H support area. There is price action a dividing line @1.2974 zone on the 1H TF. Here's the first 4h chart with all the trend lines and the mess. I'll clean it up later.

Cleaned up 1h chart (bullish divergence):…

EurUsd found resistance on the weekly R2 pivot and now support on the weekly R1 level. In the zone also a daily S1 pivot and the 38.2% fib retrace of the last swing/move up on the 1h TF. There is also a completed HS formation .. not so pretty one, but still it is an HS.

From current price level @1.3060 supports:

• 1.3015 50% fib
• 1.3000
• 1.2992
• rising trend line

Resistance:

• 1.3080 / some pips above a daily central…

Another interesting pair at interesting levels right now. Trend overview:

• weekly: no trend / consolidation
• daily: up
• 4h: down
• 1h: more sideway but still with HL and LL

Daily chart with some trend lines:

Almost everything explained on the chart above. However the 4h chart gets even more interesting:…

EurUsd

No doubt there is a nice bullish momentum right now. But are we facing a buy the rumors - sell the news scenario in anticipation of the EU summit? Let's take a look what the charts are telling us:

GbpUsd

AudUsd…

Check also this two posts for other fundamental and technical views:

• FX Market Reversal Levels for (15 Oct- 19 Oct ) 2012
• EUR/USD Forecast October 15-19 2012

1.2992 first…

After yesterday's straight forward rally the pair is consolidating in a 30 pip range between 1.2950 and 1.2920. The key to turn it short term bearish is around 1.2900 level. Breaking the 1.2950 targets/resistance are: 1.2960 / 1.2973 / 1.3000 zone / 1.3028 / 1.3080.

Around 1.2900 sitting the daily CP and a 38.2 fib retrace of yesterday's rally.

The arrows don't represents the…

October 10th: price action overview

It was a slow day for EU. Almost all day long in pullback mode. I was out most of the day so I opened the charts now and see that my analysis from this morning was 100% correct. Too bad I wasn't able to trade it .. well most part of it. I took only a long position on the…

Just some chart as I don't have a lot of time now ..

Daily:

4h:

1h:

I'll be happy to short again anywhere near daily central pivot @1.2911. The last resistance for…

After US NFP report the pair has topped some pips below the 1.3080 to 1.3097 4h SR zone and the fall after the top was about 135 pips. The fall was stopped today at the 50% fib retrace and 1.2937 SR zone/line.

Now from the chart above there are some possible trade setups. On the 1h chart the price try to change the trend. Currently it made a lower low and now we need a lower high and…

Yesterday's rally stopped exactly at the 61.8% fib retrace of the 4h move down from 1.3171 to 1.2805!

If US data will be bad we can expect a volatility spike down to some support and then a continuation back up. On the other side if data will be good down to retest some support levels. If the price will break (at least sustained 1h break) the rising trend line some more down fall may occur.

Chart below:…

Some trade options ..

Regards

Let's do less talking and more rock n' rolling charts starting with the weekly:

Beside the 38.2% fib retrace of the move down on the weekly charts we have also a nice three inside down bearish reversal pattern on weekly charts. And until the price don't break the 1.3485-1.3490 zone we are still having…

The price is currently covering/consolidating in the SR zone between 1.2885 and 1.2858. In the zone are also a daily S1 pivot @1.2867, weekly S1 pivot @1.2872 and a fib extension. Above the zone we should look to buy, below to sell.

First the chart with the previous fib study:

Trend?

Daily: up

4H: down

1h: down

3rd touch for confirmation…

The last week on Cable was mostly on a side way .. although with a right trading strategy/methodology applied with/on SR levels could be very profitable. Look at this 4 SR levels and judge for yourself ..…

The Septembers rally finally found some resistance. Where? At the 38.2% fib retrace of the move down on from 1.3940 to 1.2042. Because the market has memory I will look on the chart back in time to see if this price level (1.3150 - 38.2 fib) has some major importance.

First of all we should answer the question what is the trend now on a daily chart? Is it an uptrend or the change of trend still needs to be confirmed?

The uptrend scenario:…

Hi all! I will do less writing and more charts .. so let's start:

Weekly chart:

Daily chart:

Notice the monthly R3 pivot crossing the falling trend line and some SR zones at that level in the past .. The MR3 is treated as an extreme .. so at least some pullback can happen.…

Hi all. Here’s also my 5 cent tech view .. I will break it from the daily chart:

On the 4h chart I usually mark the SR zones .. as there is impossible to say this horizontal line is the key ..

As you can see there is another rising trend line crossing the minor 4h SR zone and there the price stopped for today. I still see a good chance to hit the next bigger SR zone between 2415…