Isn't that dailies looks like a bear flag? I have opened a short position at 2671, with 15 pips stop and 200 pips target.
These look like good trades to me....with tight stops. The potential is definitely for a move up though. If price breaks the 2666 area strongly. I show 2699 and 2723 area next. I am already short. Good luck.
I'm not comfortable with this trade, though. I smell "stupid" in the air. The fundamentals are still the same, but market sentiment is still not enough to push the EUR back down where it should be. Additionally, commodities look like they're gaining in the face of decreasing liquidity. People are yapping about Russia, and the Mid-East still, and on top of all that, Skalpz is back again and there's a full moon.
Put your shirt on inside out. It will be okay. It is actually a Waxing Cresent Moon. 15% of full moon. My stop is set at 1.44
Hey.... Hey, guys, I'm in short on EUR/USD - haven't had a close signal, though, since I can remember.... but, drawing interest round the clock isn't the worst thing, either. I'm long too... same deal, no buy / no sell sigs since I can remember (and, my memory goes back further than I care for it to). My take on the whole deal is, somebody(s) hit the sell button on USD a little prematurely based on speculation the USD (Ben) is gonna put the brakes on interest rate hikes. Spiking the euro up to nearly 1.30. It's trading now almost 500-pts lower - could be nothing more than a massive whoops retracement. Stack in a little confusion and some nervousness... and, presto, we got EUR/USD trading back in the 1.25 range. I suspect that on the next US interest rate announcement (hike) EUR/USD will either tumble under 1.2400 or... spike into the heavens past 1.2800. Well, I gotta have some breakfast... been so busy this morning booking cash on the USD/yen spike... I haven't been able to count it (man, that came out of nowhere! Good thing I was sittin' long ;-)). That's what I get for trading before eating. *rolling eyes* dRaWdOwN 1.2573 (sorry to rain on your parade, Ivansky. - when are ya gonna open another short on EUR/USD? I need the money!)
Nice trades fellas. Moon lined up with Saturn just right. Any thoughts on the bottom? Will it give tommorrow before the weekend or never give way? DRT