Rejection off the 38.2 Fib (ref 5m chart) Should head south now

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Ok cool cool! I was sitting with a nice profit as well when it touched 1.2500

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Way you risk so much and no stop loss!?

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Whos on the short train?

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Draghi talk seems quite dovish...

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We may see the downtrend continue now. Looking at 1.26xx as next stop.

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I think the general consensus is that the FOMC Meeting is likely to have a hawkish tone. Especially since elections are next month. I am expecting the market to drop and we look for immediate 1.26xx as the target.

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Finding strong resistance at around 1.26335 (refer to 5m chart) seems to be a significant level.

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Seeing a relatively strong resistance forming. Will be looking to sell soon..

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Agreed MaxDoom! I rarely ever scalp against the trend. Too risky.

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Looks like the top of a waterfall...

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I got my eyes on 1.25000 still

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What do you guys think about placing a sell pending order at 1.2570?

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30m chart shows a triple bottom quite well... any comments...

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Its consolidating near previous support/resistance (look left) might be a good place to scalp (shorting only). (5m chart) RSI in conjunction with CCI presented a nice opportunity to short for a quick scalp.

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Yeah totally agree!

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Just made a quick scalp of about 40 points/4 pips

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Anyone looking to short about now?

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Hopefully the bears will take over again at this 61.8 Fibo level

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