EURUSD fails to break and stay above 1.4719 resistance in today's asian session, however on the H1 chart, it is currently support by the 61.8% Fib at 1.4707
As can be seen on the H1 chart, there is 78.6% Fib resistance at 1.4734 before price can push further upwards to retest the high of 1.4767
Let's wait and see how the chart will form, will there be double top???


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Trade what you see, Not what you think

EURUSD has been making new highs for the past few days, a very bullish run. However, there may be short term correction to the downside. Let's wait for the chart to reveal it's decision.

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Trade what you see, Not what you think

EURUSD managed to break and stay above 1.4600 with it's strong bullish move over the past few days. Will be looking for long opportunities when price retraces.

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Trade what you see, Not what you think

1st profit target of 1.4595 hit with +52 pips profit, 2nd half position close at 1.4584 for +41pips profit as price is rejected by 1.4600

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Trade what you see, Not what you think

Long EURUSD at 1.4543 when price breaks out and retraces back, stop loss at 1.4525 and looking at profit target of 1.4595

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Trade what you see, Not what you think

EURUSD is making it's move to attempt to break the high of 1.4535 established yesterday.
Beware of false breakout, a safer entry if price manage to breakout would be to allow it to retrace back and test the 1.4535 level.

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Trade what you see, Not what you think

Close out remaining position at 1.4472 for +118 pips profit.

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Trade what you see, Not what you think

Tutorial: Harmonic Patterns Trading Webminar

Enjoy the above 30 minutes webminar which provides some examples of harmonic patterns and how to trade those patterns.
More information on harmonic patterns can be found at http://www.harmonictrader.com/

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Trade what you see, Not what you think

Long EURUSD at 1.4354 upon consolidation breakup, 1st profit target of +80 pips hit at 1.4434
Price need to break above 1.4445 for further upside movement. From the bullishness as seen from the chart, there is a high possibility that the move will continue upwards.

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Trade what you see, Not what you think

Webminar: Trade Non-Farm Payrolls LIVE

Ladies and gentlement, there will be a FREE live webminar this evening to trade the non-farm payroll.

Expert: Wayne McDonell, Chief Currency Coach at FxBootcamp
Moderator: Maud Gilson
Start: Fri, Sep 4 2009, 11:30 GMT
End: Fri, Sep 4 2009, 14:30 GMT

Event details: http://www.fxstreet.com/live/sessions/session.aspx?id=9e930394-9df3-4d26-b3f7-00ca4c78a7e3

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Trade what you see, Not what you think

FX Solutions Worldwide Trading Competition

Good news for all traders who would like to pit their skills against the best traders in the world. FX Solutions is organising a trading competition which commence on Sunday, September 20, 2009 at 5:00PM ET and ends on Friday, October 16, 2009 at 5:00PM ET

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Competition details, http://www.infinityfutures.com/fx/fxsolpromoROCK.aspx

All the best to all participants.

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Trade what you see, Not what you think

Close out half position at 1.4255 for +50pips profit, shift the stop loss to 1.4220 for the remaining position.

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Trade what you see, Not what you think

Long EURUSD at 1.4205, SL 1.4190 when price makes triple bottom on M15, a strong indication that downside is stalled for the moment. There is no fixed target for this trade, allowing the price action to dictate the exit price. Price must close above 50% Fib on H4 for further upside movement.

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Trade what you see, Not what you think

Long EURUSD at 1.4189 with stop at 1.4170, just below the 61.8% Fib level on H4. First profit target of 1.4220 hit with +31 pips profit, shift the remaining stop loss to 1.4190. Price must close above 1.4226, 50% Fib on H4 for potential further upside to 1.4250.
Based on the bearish price action, will be looking for shorting opportunity when price retraces.

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Trade what you see, Not what you think

August has just pass, let's see what EURUSD has in store for us in Sept. Price is currently in a consolidation range in M15, however all the 3 timeframes are showing biase towards the upside. Price is currently around 23.6% Fib on H4, will be looking for long opportunity. However, take note of 1.4445, if price did not close above and supported, double top has formed and should be taking the short side.

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Trade what you see, Not what you think