iterating towards truth
EURUSD went almost cleanly through 3250 so no fade trade from there for me. Right now we are in a neutral territory. I see this situation as a opportunity to fade the markets between 3250’s – 3150’s. Taking it from a short term perspective, I am e…
From M1 stand point of view I haven’t found any valuable plays in recent market action, especially in EURUSD. Yesterday I wanted to go long in USDCAD with approx. 5R target, but I have cancelled the position. The reason was simple: it didn’t do ju…
Not much of a change on the EURUSD front from the last week (trading plan is still valid). EURUSD is still holding above the entry which I have mentioned previously (3290).The longer we stay above this level, the stronger support is created. To pu…
EURUSD is approaching a critical level where more biases would be found. 3300 – 3290’s is next critical inflection point. As I have stated previously my bias is bullish as long as we are closing above 3250’s. This time I would like to trade this 3…
With EURO creating higher highs across all pairs I am expecting some kind of broader retracement. With break out of 3400’s the EURO has moved in a 170p. swings followed by minor retracements of 50 – 70pips. If we make an average out of that, it co…
Last week I have mentioned what I was expecting from EURUSD pair. So far the analysis was correct (careful, its just analysis :). Since we have reached my next price objective, I am expecting some kind of retracement back to 3400/3370’s where we c…
EURUSD is still at the top of its 10 – 14th January move and was able to retrace as low as 38.2%. With 3400 bears still being in charge, I am expecting retest of 3250’s. I am still a longer term bull until we close below 3150’s on a daily. In the …
EURUSD has moved 330pips in the last two days (remember that +5RR setup – well played for those who followed). In terms of price extensions and further projections, I think it still has some room upward up to 3450’s. From there I would look for sh…
USDJPY has moved very technically lately and is slowly retracing. I believe that if the 87,59 level is played as described on the picture and the level is broken under defined condtitions, price will quickly move to 87.31. Play this play like this…
Last week presented a nice slide down towards 1.30 level. I believe that the market in the upcoming week would not create a new lows and will try to test the 3150’s zone. After this 50% retracements I would expect a move back to a 1.30’s. Let’s se…