My guess is short. At least a retracement. Daily pivot sits just below the 61fibo so might head in that direction. Plus its been overbought for days. Will see if it breaks support at 115.050 first.

USD/JPY Discussion

Hey Trader how you getting on? I see price is closing in on your position. Good luck, hope you come away with a win. I closed my positions earlier with a profit, what a relief...could have been so much worse. May the pips be with you.

EURUSD

Thanks Tudor & your right about being stubborn like that, not good. Thankfully I closed my positions at a profit, this could easily have been a bad loss. That's me out for the day, good luck.

EURUSD

Thanks Tudor, I was only joking about the double top by stating the obvious, after all your sound explanation. I could hedge if I had enough margin, I got 2 shorts open on this (far apart). If there are major spikes hopefully they go down ...

EURUSD

I agree. We might see a 20 pip drop by the time it starts though, us index seems to be rallying in this candle. Good luck.

EURUSD

Good analysis buddy, but what about the double top LOL!!

EURUSD

I hope he gets drunk, slurs his words & tell's the world to submit to EU rules or else! That would be great for a move down LOL!

EURUSD

How uncanny, seems like we shorted at the exact same time. Very bad trade as well, plus not triggering an s/l makes it worse. Anyway let us learn from this calamity of a trade LOL! Let me know if & when you jump ship...I might join u back to the ...

EURUSD

Hey Mrs hope your good. So your hanging on still, we'll need a bit of luck today...hopefully we get it. Currently the US index seems to be rejecting a major support line, if it continues this way then great. But as you know things change very ...

EURUSD

Same boat as you buddy. If stubbornness was a trading skill then I'd be awesome at this LOL!

EURUSD

I've got 2 shorts from 3 days ago, still hoping for a downside towards 1.068 region. Double top forming on the 4hr??

EURUSD

First short was on Monday at 1.06327 followed by another at 1.07619, I was hoping to take the ride back down in a martingale style so speak.

EURUSD

Hello mrs, yes still hanging in there. But I think there's a chance. Get some sleep & be ready for tomorrow regardless of the outcome.

EURUSD

You have great connections then lol! I need all the might I can get, still have 2 shorts on the go here.

EURUSD

Indeed you did oh mighty yuddy, good call. So when's this going back down then, if ever?

EURUSD

Looking at the US index. If it breaks the 100.61 resistance then we could be looking at a proper bearish day. My 2cents for now.

EURUSD

Ok thanks FG. So the market makers are always trying to benefit themselves & clients etc.

EURUSD

Thanks for the report, more like $2k worth. I think also if the US index starts going up again the eur will go down nicely.

EURUSD

Hey Fg when you say its too obvious what do you mean by that?

EURUSD

Cheers. At the moment its respecting the 23%fibo a little too well for my liking lol!

EURUSD