5 hours into new york now...euro still hanging in the 15513 zone... ?? resistance T-lines could have it struggle to get past 15538 area first... might take some time,and creep up like its been doing....even though I always want the blast but maybe this one will chip away like its doing.CCI has mixed indicators. would that suggest a slow up and down movement for now ?
tom as you saw basically the action was over at that time, we were at the pp from friday at 5515, the last good trade was going long was the kind of double bottom, were I entered at 76 (because I was expecting a bottom there) or a just a bit later the 123 reversal at 82. I personally sold at 99, because I had to eat something and it looked like a good place, but it went up to the pp which was important all day.
everybody seems to be still asleep, if you did you didn't miss much it was a slow morning gameplan looks like long both on 1H and 4H so we could see a big move, I'm long from 22, got to exit in 8 minutes however goes got a dayjob to go to.
where is morning for you CVDS ?....Ive been trading ...its 11 pm in california....evening session...london opens in 1 hour. CCI looks mixed right now for today.... daily is looking downward.3 hr is looking up slightly. the other TF's are mixed back and forth.... I'm looking at more sideways action than big up or down. strong s/r at 15522 took all day and night to break through .and still a downtrend line is taking shape as london gets set to open. 15500 is the critical balance point from what I'm looking at. 15492 was a very strong hold a few hours ago.PA has been bouncing off the s/r points very well for small wave action. A break of 155 down and especially a break of 15492...would portend another down flow to yesterdays bottom again. The break above 15522 and staying above it is what euro needs to move uptrend. and especially through 15538 ,and may struggle to get much past 15543 area.but has to stay there into new york. its a tight and narrowing flag channel into new york. Downtrend again has been the path of less resistance so far in the last 10 hours.
Good morning Tom, the direction was clearly up on the 1 H and the 4 H chart, from the moment we cleared 1.5520, like you see it's been going all up. The move down from yesterday, was just a (big) retracement in the upward trend on the 4H. I don't watch CCI personally that much, it's just an added gadget, and only on accosions do I base my trading decisions on that. Price Action is remains my main point of focus. The first days on 1 min were rough, but things are starting to get better there.