My bear wants 1.3255

EURUSD

Maybe what happened at the end of last week was a bull trap.

EURUSD

I went ahead and changed my tp @ 1.3296 with my current short. Then placed a buy limit @ 1.3295, with a tp @ 1.3410. We shall soon see.

EURUSD

Something tells me that this is going to fall to around 1.3294 then rise.

EURUSD

Price seems to be trapped inside the current triangle until London open.

EURUSD

Something is going to happen during London. Major move. But which way?

EURUSD

No. Price is just breathing. It'll go up to roughly 1.3349 then continue its downward momentum. edit: recalculated numbers

EURUSD

I'm seeing 1.3478 by end of the week as the highest, with an absolute worse case scenario of 1.3748. Just trying to figure where to enter after it bottoms out.

EURUSD

And if it can get to 1.3295, then break through 1.3289, I see 1.3193 in the horizon.

EURUSD

1.3295 here we come.

EURUSD

I also agree. Margin call taught me a lot. The whole mind set.

EURUSD

How about 1.26xx? Or where do you see it going to its lowest before it rises?

EURUSD

Hmmmm..................... Interesting. 1.18 sticks out like an eye soar with different things that I'm coming up with. Then after it bottoms out to 1.18, I see a nice long term up trend.

EURUSD

My projection is that it must first come down between 1.3287 and 1.3193 before it does any major up movements.

EURUSD

Will do. Thanks. And my projections for this pair in the near future is that it will not go higher than 1.3499 before it falls hard.

EURUSD

Do you see this 1.6000 happening with or without it first bottoming out to around 1.18xx?

EURUSD

Spot on. Welcome. I've got my tp @ 1.3193 now. GL

EURUSD

I'm On my android now and not my laptop, so I don't have any links with me. But if you Google Dow Theory, that's a good start.

EURUSD

Take for example this past Monday's big move up. Price, at its lowest, was at 1.3191. Then its highest during that move went to 1.3366. Taking the two numbers and adding them together, then dividing it by two, you end up with 1.3278. Where was price ...

EURUSD

What do you mean "any document?" If you're referring to the 50%, then what I meant is that the 50% retracement is not based on a Fibonacci number. Instead, this number stems from Dow Theory's assertion that the averages often retrace half their ...

EURUSD