There is also a good bit of bearish divergence occuring on the 4H chart for all those watching for this H&S to come around.

EURUSD

Well the major drop occurred starting at around the beginning of the London session took all day and up until now to recover. Seems to signify to me that we're probably in for more of a downmove when coupled with the divergence. But that's only if ...

EURUSD

We might see some bearish divergence here soon if this upmove stalls and turns back in the next couple of hours. Price is also hovering around the top of the bollinger band and on the 4H it's taken the last 4 candles and then some to finally ...

EURUSD

For sure, I'm not even sure of my bias for this coming session. I'm definitely not long-term bullish though. I don't have any real long-term targets though, other than way down

EURUSD

A good idea for sure. I'm flat right now, I just can't see any decent entries. The 1H top bollinger band is sitting around the 1.3790 level and the 4H chart is pushing back above the 20 EMA from when it fell to the 60 EMA yesterday off of what ...

EURUSD

It's on the way up right now. What's your target, the 1.380xx level?

EURUSD

Any particular reason for that entry right now? I only ask because London is closed and so is NY, the next session isn't up for one hour and another one hour after that and looking at my chart we're hovering on a short term support level with the ...

EURUSD

Oh man! My stomach hurts over here! All these pairs that like to move in tandem all moving down further and further after I wimped out of pulling the trigger. I'd be well over 100 pips right now.

Cable Update (GBPUSD)

Most definitely. My current risk management strategy is to trade lot sizes that only risk 1% of my account per 25 pips which is my average stop loss. If I trade longer term or riskier positions I'd drop to half the lot size and place a 50 pip stop ...

Cable Update (GBPUSD)

I really wish I'd listen to my own analysis sometimes. That drop would've been good for about +60 had I opened on the cable and the euro Still new and I'm too scared to get in sometimes.

Cable Update (GBPUSD)

Bearish divergence on the 1H with price getting a good amount above the EMA20 on the 4H. Might see a little downward movement when London opens.

Cable Update (GBPUSD)

Still waiting on London but in the meantime this looks interesting on the loony. Some bearish divergence after this latest strong move to the upside. I might short this if it makes it back up toward the trend line just to see if it falls down or ...

EURUSD

It seems perfectly reasonable that this is the case since we've just ended up in a newly established bullish trend on the 4H and the price right now is finding support around the EMA 20 where price action has slowed down a bit. I think it's too ...

EURUSD

I don't know if this 4H candle is the start of a bear all the way to 1.30x or anything, price is sitting right on the 20 EMA on the 4H chart and on the 60 EMA on the 1H chart, and the 5M price action is really slowing down. It's a decent combination ...

EURUSD

Possible H&S on the 5M forming. Neckline slightly up around the 1.3623x level.

EURUSD

I think I'm going to wait for the European markets to open before I look at entries. Too consolidated right now and I can't find any good signals, other than a small H&S that seems to be a fakeout.

EURUSD

It's started to take shape in the last ten minutes or so. We might see a retrace down here if it ever manifests, I'm thinking to maybe the 1.3410x level but maybe even further. Will keep watching, chart attached.

EURUSD

We might see a H&S form in the next half hour to 45 minutes or so on the M5 chart.

EURUSD

I think I'm waiting until about 1.34350 to short this if it ever gets there.

EURUSD