Second day in a row... are Bond vigilantes trying to send Draghi a message? Pretty pictures for Bears below...

Euro/Dollar

Sell limits set layered back from 1.3120, low enough to catch half the fill should 1.3150 hold.... which I prefer.... Orders are engineered to create a 3% of account max risk, if all fill, or 2.35% max risk if only half fill ahead of 1.3150 holding, ...

Euro/Dollar

I am not inclined to have a position on going into ECB decision or more importantly Draghi's post decision press conference. There is just too much chance for surprise, especially during the speech, where some off the cuff remark can send price on a ...

Euro/Dollar

Fib derived target list for this wave: (Silver Wave 4 if in fact that is where we are) 1.3058 1.3023 1.3017 1.3016 1.2960 1.2948 Possible max 1.2908 possible max 1.2894 The levels in bold are the most common... of particular note wold be the cluster

Euro/Dollar

As if on cue...

Euro/Dollar

Stuck for now on the H1 Kumo top.

Euro/Dollar

1.0550 would be the best possible entry point if one did in fact want to play for a break below parity in the coming months....

Euro/Dollar

If we were to close below 1.3052, it would make an outside down day.... a strong reversal pattern to kick off our wave 4 silver degree into a test of the 2880 area, or may be even a larger correction if the alt count that shows 1.3126 high as silver ...

Euro/Dollar

When was the last time we had 7 up trading days in a row in EURUSD? I took a quick look back manually without coding it up, and I don't see any looking back all the way into 2011's, where I found some examples of 6 days up in a row...

Euro/Dollar

What if yet another new high is made ?.... We are running out of fib relationships having exceeded all except 1.3136 and the seemingly unreachable 1.3215... but there are always alternate counts to consider... Here is my primary alternate....

Euro/Dollar

Five clean interior waves now visible to complete this count...

Euro/Dollar

The interior wave count is the most important characteristic to look at when deciding if a wave is finished, but we do have common fib relationships between waves that serve as guidelines... All common fib relationships in all working counts have ...

Euro/Dollar

New count....

Euro/Dollar

On the chart below is highlighted an X wave that now needs to be revised into another 1 instead of an x, now that 1.3008 is taken out... We are analyzing very small degrees of trend that appear to be extensions in wave 5 of aqua degree... the ...

Euro/Dollar

What's next for EURUSD? If 1.3108 turns out to be the top of wave 3 in silver degree, then we need to put in a correction to draw out wave 4 of silver degree lower than 1.3108. I'll work up a complete set of fib relationships after we confirm that ...

Euro/Dollar

I can now count 5 clean interior waves to meet minimum expectations for a completed wave 3 in Silver degree, wave (v) in Aqua degree, wave 5 in Red degree and wave v in fuchsia degree. Up to the last push above 1.3100 into a high of 1.3108 above the ...

Euro/Dollar

That may be true, but first we need to correct from silver degree wave 3 high we are putting in right now.... A correction back to 1.2880 area, the bottom of wave (iv) agua ( one degree smaller) would be a normal everyday sized correction given the ...

Euro/Dollar

Are we witnessing a long term trend change in the EURUSD? Interesting post from IFR Watch: Italian bond and EURUSD reversal reinforce each other: Italian 10yr yields last week broke 2 year Head and Shoulders neckline to mark EZ risk reversal EURUSD ...

Euro/Dollar

Exceeding 1.3075/8 most likely negates the ending diagonal interpretation posted before the start of the European session. (could still be irregular correction underway) I can now count 4 clean (no ending diagonal) waves up, which would have us ...

Euro/Dollar

USDJPY under 82.00 at last.... but I have soured on this trade..... I'll pass even f it enters my earlier posted buy zone...

Euro/Dollar