GU. Could work out. As of this moment price hasn't broken down out of the channel. Similar to EU really.

vsa with Malcolm

So that is all based on a hunch? Edit: nevermind now

vsa with Malcolm

Oh darn, it's FOMC day. Well there goes my trading day! But still I'm expecting 1.36-1.366 today. Modified my previous channel a bit to see things more clearly. All this drifting down action with not really any significant volume tells me it's some ...

vsa with Malcolm

Still looking for a reaction at 1.34. It's a channel bottom and horizontal support. If it breaks down, well, I'll have to rethink some stuff

vsa with Malcolm

EU. Just a chart showing how this is the first time price is coming down to the breakout area. Will wait for a reaction. So far looks like testing of the breakout but going long right now (or short) is too risky in my opinion. All sorts of shakeouts ...

vsa with Malcolm

Still waiting for EU to break above the NFP bar. So far we had 1 attempt yesterday but that ended up an UT on 4h. What happened after that was almost nothing. Price came down slightly and is continuing to chop around. I expect it to have a go at the ...

vsa with Malcolm

I'm looking for EU to trade above the red lines. On 5m there's a confirmed UT so do with that what you will but I'm ignoring it for now as there was a sudden move before that that should be tested.

vsa with Malcolm

I only know that China has a relatively high inflation rate and so they're trying to keep it lower by hiking interest rates.

vsa with Malcolm

I'm not really an expert in this Chart says up so why complicate things?

vsa with Malcolm

CHINA RAISES KEY INTEREST RATES BY 25BP That's why. So far looking at the chart there seems to be nothing to worry about and just view this as a shakeout.

vsa with Malcolm

I'm just looking for a reaction from that zone. We know some sort of shake out is coming during news. If price goes down and closes within the range then I'll be looking for a setup to go long. So above 1.365 with a test would be good. That may be a ...

vsa with Malcolm

You beat me to it. That's exactly what I'm looking at.

vsa with Malcolm

I'm on the same page as you. Also NFP will be a good time to shake people out no matter the numbers.

vsa with Malcolm

All I can see is this. Went short earlier, but got stopped out at BE. And boom it went down. It looks as though EU broke out of the range down and is revisiting the break point. There's a bit of buying but so far it hasn't amounted to much. Staying ...

vsa with Malcolm

I'm actually waiting for news later in the day. Right now the stops would be a bit too wide for me.

vsa with Malcolm

To make you lose money Also the channel. Also some support lines.

vsa with Malcolm

Look for highest volume bars and start from there.

vsa with Malcolm

Missed it lol. Just got back and well just a little bit late.

vsa with Malcolm

News bar on ultra high volume or whatever you wanna call it with very wide spread. Next bar is up on quite high volume with very narrow spread. We may see more down moves. Edit: lol notice the support

vsa with Malcolm

This is all very interesting, I have support at 1.581. Although we were at a channel top yesterday and I don't see any buying yet.

vsa with Malcolm