Comment by Hamdani Nurman on March 19, 2013 at 4:21pm

correct,nice analisis tp 2855

Comment by Haitham653 on March 19, 2013 at 4:49pm

EURUSD is under strong pressure ,it might reach 1.2810 today..

This week, it might break below 1.2661....

Comment by Haitham653 on March 19, 2013 at 5:01pm

First target reached, you may exit , If you wanna hold your position for next target , move stop loss to break-even.

Comment by Amir Ahmad Malik on March 19, 2013 at 5:07pm

Can we make new short entry now?

Comment by Hamdani Nurman on March 19, 2013 at 5:09pm

hmm..ok thx...

Comment by Jasmine C on March 19, 2013 at 5:12pm

hey Haitham653 - i like your 2810 level - is this 61.8% of the range 2880-2995?.

i played this move down as a fib expansion - and came out at the 161.8% (2852).  but on other occasions i would have played the breakout down to 2810.  and even beyond to 100% of the range ( @2765 ) but gonna leave that until tomorrow and hope its still around  :-))

thanks for the analysis  :-)

Comment by Haitham653 on March 19, 2013 at 5:59pm

Hi Jasmine 

Yes 1.2810 is the 161.8% of the range 1.2880/1.2995!!

And my first target is around the 127.2% of the same range @ 1.2850..

 I think the pair needs to hold and consolidate below 1.2850 to expose 1.2810. then we would see 1.2765 and probably lower...If fails to hold below 1.2850, it might retest 1.2900 once again !!

Anyway, thanks for your comment..

Comment by Jasmine C on March 19, 2013 at 6:13pm

Thanks for the clarification :-). I think if we close the 4 hour below 2880 then a retest of 2880 would be a good entry.

But I'm done for the day. And I doubt this trade will still be around in the morning :-/

Maybe I'll have a quick look in a couple of hours :-)

Comment by Haitham653 on March 19, 2013 at 6:20pm

EURUSD may rebound from here to the 1.3000 levels, or It may dip another 50/100 pips before the next rise, let's wait and see what would happen the next 12 hours !!!!

Comment by Haitham653 on March 19, 2013 at 9:39pm

Look to the 4 hour chart below, we have inside bar pattern, support at 1.2923, resistance at 1.2995, the support level has been breached , the first target of this pattern already achieved around 1.2850, the second target is around 1.2775 levels, as long the 4 hour close is below 1.2923, the second target may achieve.

To release some pressure, EURUSD needs a 4 hour close above 1.2923 levels, but it will remain vulnerable to the downside , to reverse risks to the upside we need a 4 hour close above 1.2995 to open the way towards 1.3070 ahead of 1.3135...

Comment

• ‹ Previous
• 1
• 2
• Next ›
• Page