Tuesday, November 24, 2009

EURUSD has been rejected by 1.5000 and has just broken 200EMA on M15. However, uptrend is still intact on H1 and H4. Will be looking for long opportunities if price stays above 100EMA and 200EMA on H1 and H4.


- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

Monday, November 23, 2009

EURUSD has managed to push itself above 100EMA and 200 EMA on all 3 time frames, M15, H1 and H4. Price has to break and stay above 1.4935 for further upside move.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

Thursday, November 19, 2009

EURUSD is below 200 EMA on M15, however it is above 200 EMA on both H1 and H4. Will be staying out and observing the price action for now.


- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

Tuesday, November 17, 2009

EURUSD is currently trading between 78.6% and 61.8% Fib on M15, price fails to stay above 1.5000
The MAs on all 3 charts are indicating uptrend still intact, hence will be looking for long opportunity.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

Friday, November 13, 2009

There was a big selloff for EURUSD yesterday bringing the price down to 1.4821. Uptrend still intact on H4, however price is below 200EMA on both M15 and H1, will be looking for shorting opportunity when price moves up and rejected by Fib level on M15, profit potential will be limited unless price breaks below 200EMA on H4.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

Thursday, November 12, 2009

There is strong resistance at 1.5012 as can be seen by the many failed attempts to break through on M15. Further upside is possible only if 1.5012 is broken and supported, if not there will be more correction to the downside.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

Tuesday, November 10, 2009

Shorted EURUSD at 1.5001 with initial stop loss at 1.5025. Closed half position at 1.4949 for +52 pips profit. Trailing stop loss for the remaining half position.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think
Long EURUSD at 1.4982 with SL at 1.4967 which is just below 78.6% Fib on H1 and above M15 100EMA. There is no predefined profit target for this trade, price has to close and supported above 1.4987 for further upwards movement.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

Monday, November 9, 2009

EURUSD has managed to break through and supported above 61.8% Fib on H1, the immediate resistance to look out for will be 78.6% Fib on H1 which comes in at 1.4969. If price breaks above and supported at 1.4969, price should attempt to move higher to test previous high of 1.5063 provided it breaks and supported above 1.5000.

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

Friday, November 6, 2009

EURUSD makes a higher high yesterday, however price is still rejected by the 61.8% Fib on H1 and taking a closer look at M15, it can be seen that price is rejected at 1.4880

Trade idea for the day: Look for long only if price is supported at 1.4880, 1st profit target will be around 1.4900

- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think

Thursday, November 5, 2009

EURUSD has been rejected by 61.8% Fib on H1 and currently hovering around 50% Fib, however on M15, price is above all 3 MA lines and H4 price is supported by 61.8% Fib. Will be looking for long opportunity.


- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think