i agree with SwingOut...technicals going to be a bit more challenging this week... but with that said, this is what i'm waiting for on a daily and 4-hour chart: -waiting for price to stabilize roughly around 1.2950 (give or take) before going long -possibly risk up to anywhere just below 1.2870 with ideal target around 1.3190 my trades are essentially swing trades so i'm not necessarily interested in the trend resuming or price reaching new highs. i'll post if i pull the trigger on getting long.
still up trend for a few days IMO But if u want the major swing from 1.28 to 1.33 have to wait till mid march Cable lloks better this week for 1.97 ( I'm long) Gonna pt in europe session relong in us session GL
my entry order filled @ 1.2970, long sticking to the stop and target areas i posted yesterday. if it technically breaks down before then, then i'll take myself out based on discretionary rules i have.
hahaha...sorry for the delayed post... the price hit while i was sleeping which is why i had an entry order out there to get me long. i wasn't able to post until i got in front of my computer.
it seems that eur-usd has completed wave A or W, and now it is going for WAVE B or X . i reversed My position to Buy from 1.3060 and targeting 1.3280 with stop loss below 1.3020. i will post the charts later