This is a 4 hrs.. My 3615-20 has inclined higher than I thought coming to 3635-40... Above to it should be new yrly highs.
Using a 15 mins chart and first retrace or where it could possibly bounce back now is 3552..
Was short 3535 earlier grabbing 10 pips and stopped out on hf for +1.
Made lil on EJ longs from 126.85-88...
have entries on Caddie and Swissy awaits mainly at 9006 on swissy to long and 9928 on caddie to be long..
Have things on hand and keeping me away from trading.. But do have an order to be short on euro into 3640ish and EJ 128.04-12.. Keeping them small for I won't be in when things be rolling.. Still think if these lvls coming had to try them out..

At the present seems to be that 3552 and it will bounce back up for atleast 3588-93

 then maybe retrace and spike on rate decision and then sell off

GL..

Views: 40

Comment by Tahir Khan on February 7, 2013 at 4:55pm

             EUR 8 hrs... FOOD FOr thought

Euro 8 hrs and while 3290-3300 comes in hinting at the end of a retrace as from the earlier 4 hrs chart, this T2 on the 8 hrs (the dark blue) at 3185-3200 for next 2-3 days if coming interest me for it been what I call a price splitter....
Idea is to buy off T2 with stops under T1 which again is a breakout TL..
The big ? offcourse will we be or can we head till there... I would like to see a test there for a bounce off is a big buy signal to me...
Anyways................................ As said Food for thought...................
Where do u all see it ending it's correction.. As for today, 3330 still possible if not the whole 3310 or under..
The first chart is the org 4 hrs I posted earlier.. But the second chart the 8 hrs is where I like to see this decline upto..
GL..

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