I can tell you what's happening. After weeks and weeks and even months of pressure to the Euro it's time for a correction. It's that easy. Of course you don't see that on a noisy 5m intraday chart. This can go up to 1.3850 without any problems ...

EURUSD

Because every down trend has its corrections. And yes, the Dollar is in a down trend since 1913. It will resume its down trend in a few months again. No one can beat the printing press of the FED. And as long as the US needs a weak Dollar it will ...

EURUSD

Yes. I think just printing money and load up more debts (like the US9 is the better solution...

EURUSD

I think there are larger stops above 1.37 which will lead to a nice rally above. Look at the weekly chart and the nice tails. That's a rather bullish sign, especially after such a drop without any retracement.

EURUSD

I'm rather bullish at the Euro with targets around 1.38-40. Will go short there. image

EURUSD

Ok, I closed both my Oil and Bund short with a win. I had a nice USD/CAD short run as well and some heart attacking Euro lows testing where I added some bigger positions. RBA did hike by 25bps which was widely expected. I think they will pause now ...

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feb, I just love it. These simple approaches will always work in every market.

The System III (Oh no!)

Uh oh, thanks but if that is true it would be a bad sign. Actually I still have to learn a lot and made stupid, stupid mistakes (did I mention stupid?). Anyway the price action today in the Euro and especially Cable was just thrilling again. Made ...

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I've set my target in the EU at 1.3690 for today. R1 is at 1.3697 for today plus we have a strong resistance around 1.37 because of the previous high at 1.3692 and the daily trendline coming down there (a small one actually). I can imagine some ...

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Ok, I've added a small Gold short right at 1123.30 with 1 unit at the top of that daily trendline.

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Here comes the EU weekly chart I refer to: image You can see the long tails the last 2 weeks which are a very good reversal pattern especially in the weekly time frame and after such a huge drop. Of course there is no guarantee but I think a lot ...

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Current open positions: image

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Regarding AUD/NZD: Ashraf Laidi gave a nice short recommendation as well: url Actually I don't give much on those divergences but it sounds logical what he writes about it.

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And another entry: AUD/NZD short at 1.2843 with a target below 1.27 using 1,000 units. The RBA is expected to hike rates tomorrow and the Aussie already made a nice run. But the Kiwi might outperform the Aussie at least short term as the next rate ...

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Gold looks interesting as well. Fundamentally I'm a bull here because all those FIAT currencies (including the top 3 USD, EUR and JPY) aren't worth anything anymore. But I might add a short at the top of the daily trendline around 1125 first. image

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Yep, the weekly looks promising for a recovery at least to 1.38-40. We'll see. Added a short in Oil at 77.55 with 10 units. Just a small one but it looks like a nice bounce of the daily trendline. Will close that if we close above that line. ...

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Some charts: image image image image image

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I've added a short in the Bund Future at 124.314 with 20 units. Reason: Double top in the daily.

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Yes, I will add to this as long as 1.3440 holds. If that level breaks down, well oh well... The recent pressure on the Euro is a bit overdone in my feeling even though some speak already about parity with the Dollar. I would say that this is ...

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Thanks! Just added a 2k long in the AUD/JPY at 80.10. Spreads are a bit horrible over there at MarketIndex...

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