They might use the news to complete the move up. Targets would be the high of Tuesday that was set at 6:45 and the highs of Monday would be 2nd target.
The big move to the upside yesterday was impressive but still something didn't feel right...call it gut feeling. I still think the EURUSD wants to drop. I want to see how this NY session plays out, but I still have a short bias.
Looking for EURAUD to possibly make a move down towards previous week's low. TP 1 is previous day low.
yep...Still shorting the EURUSD even after the 75 pips move to the upside today. Same target. Will hold this trade into tomorrow and see how it goes.
W type 1 First leg London, pins to the low NY. Let's see what happens.
Double top on Monday and the high today was set at 6:45 which is an unlikely time for a HoD so that's why im thinking that price might make a move back up.
I still think they want to push prices lower. Last week on Friday I tried a short aiming for that 1.04540 level. Didnt work out like we thought. This morning they gave us a sell setup. We shall see what happens. Keep in mind that this week there are big news for all major pairs. Weeks like these smart money like to induce people to take positions and trap...
I say possible because usually beginning and end of the week is when smart money like to set traps. EURUSD has trended down all week. I noticed that today they made a move up and took out yesterday's high where most of the $$$ were from people shorting. They gave a type 1 M setup during London so I will trade in that direction and the target is that weekly low...
Simply following the weekly cycle. When price dropped today from the London highs, the middle of the Asian range was holding price and formed a small W type 3 setup
Type 2 M during London. I am looking for Continuation to the downside.
I am looking for longs today because looks like they worked hard from the start of week to establish lower highs and lower lows. Today during London price dropped and made a new low and then pulled back. I am thinking that now people are looking for continuation to the downside for price to go and make a fresh Lower Low. Instead smart money will drive prices...
The reason I am long is because I noticed where the drop that happened today started from. You have a clean area of resistance and you also have the trendline acting as resistance. I am looking for a move back up and a break outside that DAILY trendline. So far I like what I am seeing. They broke Tuesday's low and Reversed shorty after. If we can keep this move...
Still have a short bias for GBPUSD but there is a chance that they are accumulating today. We will find out
Looking for price to make a move up towards the highs of Asia. TP 1 Middle of the range TP 2 Highs of Asia
Quick 30 pips on EUR/CAD. There is a bit of uncertainty as to what might happen today. I wanted to let the trade run but I took 30 pips and closed it. That bear candle was used to INDUCE traders to go short so smart money can take the opposite side of their orders.
Possible move down towards Friday's low after that spike to the upside. There's also a chance that they will play around because they spiked the lows in London and now they spiked the highs and they are back in the middle.
1.07250 is what I am looking at as possible target. This is a long term trade. I like that spike candle @9:00, looks like a stop hunt into the shorts.
By the end of Friday I am thinking that price will go back up and take out the high that they set on Monday. I am thinking that the meltdown that started today during late London session into NY session is just a move to INDUCE people to take shorts.