Heh, i am pretty confident that lying at 1.2835 is a decent buy order...

EURUSD

Pound is a little bit stirring things up, with better news i suppose pair would be much higher. Scalps before news between 1.2835 - 1.2855 Decline generated by GU will probably be filled the time NFP is released. One scenario.

EURUSD

Give it some time, (usd+eur) CHF is getting stronger (going up), means risk-aversion off. Eur/chf buying might continue and usd/chf hit the wall and turn down. Might try early breakout.

EURUSD

That i know, first scenario is not possbile because begining of 2nd wave cant cross 1st wave, its too high. So, its not valid. Latter one looks ok, where we could go higher.

EURUSD

But its not willing to buy yet, it went with half-speed up and giving part of gains away.... And not closing out the possibility of bull trap when everything else points up.

EURUSD

Looking carefully if RSI will be capped at 4hr around 70%, would be cool play from bears, will see....otherwise 1.2880-5 area.

EURUSD

Thanks

EURUSD

Not played out yet? How many pips depending on difference in indicator?

EURUSD

May be that Asia can move this pair but at the moment eur/chf looks like its about to drop which would contribute some downward movement for this pair. But who knows...usually not much trading during Asia on this pair.

EURUSD

[quote=Faller;3996431] 5min tf i am looking

EURUSD

Cool, i guess we go soon down, Crude is trying to drop the ceiling in.

EURUSD

Its very even with low volumes this late but......see where GU is rejected if it happens because there is room downside for EG but not much upside. That will be a short trade.

EURUSD

Yup, and by the looks of it, same kind of length of spike is about to fire up from 1.2830 upwards targeting daily high.

EURUSD

Well, maybe they see I have not studied Elliot though i have heard its very useful but cannot say anything behalf of it.

EURUSD

Bull setup at 1min tf. Will see how it turns out... Look at 4 hr

EURUSD

This is not so black and white game, cant really do sure predictions where EU goes based on every news at the moment they are released. Good US news are also beneficial to EUR within this global economy slump.

EURUSD

Well, its swinging slowly down from daily highs but investors are really wary as well, this it is and not even its worst... Just have to trust in this moving range, make high probable scalps and it works.

EURUSD

I would suppose that after this hour (4hr candle closes) bulls shooting this up to 1.2880-85 for next candle....

EURUSD

Yup, usd crosses going to bull mood, time to switch sides from bull to bear soon.

EURUSD