If 4hr candle manages to close below previous day low, a move down is likely. Giant waiting game at this point.

SimpleFib Trading

My EJ sell limit order missed getting filled by 2 pips a few hours back. would be up 50 pips by now. I do think that there will be bull rally before the final push down.

SimpleFib Trading

Same here. How annoying. Have a good weekend!

SimpleFib Trading

We're on the same boat.

SimpleFib Trading

Daily candle close above bear taget #1 might encourage bulls for a rally.

SimpleFib Trading

Since EUR didn't immediately plummet after USD news, I sat out and watched how things played out. Gained experience for the next time we're faced with similar scenario.

SimpleFib Trading

I also trade conservatively. I don't like to hand on and hope. I'd rather lock in 200 pips than hold on and see a retrace!!

SimpleFib Trading

Short tagert #1 has been reached for these pairs.

SimpleFib Trading

Euro free fall seems to have found support for most pairs.

SimpleFib Trading

EU didn't budge an inch following positive US data. I'm staying out for now. Off to bed.

SimpleFib Trading

Agreed. Same analysis.

SimpleFib Trading

You're buying right into resistance. Risky business.

SimpleFib Trading

They're basic candlestick patterns which generally signal reversals. You can read more here: url

SimpleFib Trading

NZDUSD - Nice pinbar on 4 hour. I'd short a break below that candle.

SimpleFib Trading

See weekly chart for NZDUSD. Price is sitting at strong resistance. I'd personally have a bearish bias until I saw daily candle close above.

SimpleFib Trading

Many pairs are sitting at important S/R levels pending news. I think data will be positive for USD.

SimpleFib Trading

I wouldn't trade any USD pair until retail sales data is announced.

SimpleFib Trading

AUDUSD - Price hasn't been able to break above resistance. Could see another bearish reversal at this level.

SimpleFib Trading

Stalled at 1.396 waiting for US retail sales data.

SimpleFib Trading

EURUSD - We've broken past this month's swing high. 1.4 level is likely. I'm watching from the sidelines for now. Waiting for an opportunity to get in on the massive sell off that should follow this move.

SimpleFib Trading