EURUSD shows hidden selling on new highsThe chart tells a story and the story unfolds bar by bar.
NOTE: This chart has a correction on the analysis of bar 41. The close on the middle of the bar shows weakness, however it is responding to the strength of the previous two bars (39 and 40) with increasing volume but not excesive. Remember that high quality supply will appear on high volume up bars and bar 41 is not the case.
FCEU1! trade ideas
EURUSD No place for bears, yet. Increase of buying pressure.The chart tells a story and the story unfolds bar by bar.
Major Sign of Strength: Confirmation of No Supply on the EURUSDThe chart tells a story and the story unfolds bar by bar.
Today's analysis is a very good example of why it is really important analyse the market bar by bar.
EURUSD testing supply (Waiting for confirmation)The chart tells a story and the story unfolds bar by bar.
Let's play catch...the knife! Why you don't try to catch a falling knife. It would be great to be short..but we are not. Knife hurt when you catch them. On side lines with the euro.
Down goes Euro, down goes Euro...LESSONS:
1. If you missed the break down then you can't chase the trade.
2. If you missed the trade DO NOT try to catch the falling knife. You most likely take a hit to your account.
3. Wait for for something to setup...patience is your accounts best friend.
What's up the with EURO? No setups at this moment. We are sitting on our hands waiting. Stay tuned.
Head fake freddyWe are still watching the E6 closely. There was a false move on Friday. Could this have been the first pump before running? If they push it down Monday or Tuesday the weak longs will get squeezed and bail on their trades. Best to wait for a close outside of the wedge before looking for a trigger.
