Sell EUR/USD Signal And Simple Technical Analysis
May 24, 2010 by Orhan H.
Filed under FX Superb Signal, Technical Analysis
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Tell me what you're thinking...Pivot Points
I’m waiting for EURJPY to do the same…
Hi ALX,
Great, I think this is very good win lose ratio trade.
How is going with your “NO” trading strategy?
It’s just great recently.
Just said prepare to sell EURJPY – it all looks it just topped.
Cheers.
ALX
EUR/JPY looks great, price is below daily pivot too. I hope daily pivot and S1 will become great resistance.
I admit it’s not easy to follow but once you know how it works, you can (almost) see what’s behind the next corner.
It’s not that good in sideways markets though but still is very useful on M15 and M5.
Interesting however, it very strong moves like the last plunge, I switched to M1 to follow the trend… On M5 it was just vertical candle while the action was clearly visible on M1. This allowed me to build position to the level I haven’t seen since 2008…
My first target is between 110.85 and 111. Then the last major bottom at 109.4
And then… if the crisis develops as expected, 100 in few weeks. But this is a bit different story as we just can’t get there in one smooth trend run.
I’m also not sure about BoJ – they don’t like strong jen…
Nice trade, my TP1 is close on both pairs
Tnx
Perfect call! EUR/USD has moved spot on in line with your signal.
This was a perfect trade. Almost 0 risk!
I managed to close the last part at 109.11 when my stuff warned about exhaust.
Over 300 pips in just one move
I can see the EURUSD did it similar way. Same trend quality.
But for the time being markets are a bit tired – some reaction needed. Not much, I don’t see any reason to go long. Rather wait then look to short again.
Yup, this is big profit time. Strong trends driven by fear.
Fear is the strongest factor ever.
And it is not over, not yet…
Exactly, just enjoy watching market and wait for next bearish setup.