Divergence... — The 1 hr bullish divergence which was building earlier has now been invalidated. There is however a nice hidden bullish divergence on the 4hr TF. I'm certainly not bullish right now, but it's something to keep an eye on.

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hee hee — Hey Wormy. What happened to your Joe Cole sig..?

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In 15m.

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Volumes — 15m volumes suggest some buying in this region and there is the merest hint of a bullish divergence forming on the 1hr TF.

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Nice spot.

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Haven't thought about bullish scenario tbh, but above 3330 would have me thinking about it. (as a scalp/daytrade)

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There is some wood to chop to go lower IMO. From 3248-3275, still in play. I'm still bearish, but we might have to wait a while. Let's see. image

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More a Resistance/Support line.... image

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Well Asia kept pressure on EU and early London is re-testing. Let's see what happens, but a bounce back above 3275 seems more likely to me than a sustained move lower...... for the moment anyway.

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Agree. 3275 should cap this move until Asia at least. I think Asia might have a go at it though.

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Hmmm — Up until 2 hours ago, today was largely bullish. Can't blame people for posting long trades and setups. If one had gone short at the time of the clutch of 1 hr pin bars earlier, you would have been -100 very quickly. Long and short, ...

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Pipchick — Just noticed the retest of your 5m inverse H&S breakout line currently sits at 1.34 dead.

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Trade 7. Long EU @ 1.3376, S/L 15 pips. Multiple signals for long on the 1hr TF. 17.20 gmt, Update: Moved stop from 15 to 5. Not trusting the lack of any real inertia. 17.33 gmt, Need to step out for a while. Gunna let this one run. Targeting 1.3399 ...

Take the money and run.....

EU — Trade 6. Short EU @ 1.3374. S/L 15 pips. Only looking for a few pips here on the retrace. 17.08 gmt, Update: Trade closed manually +1. Not worth taking the risk on further quick upside. TRADE 6 SUMMARY - +1 pip

Take the money and run.....

Trade 5. Long EU @ 1.3364. S/L 15 pips. 16.06 gmt, Update: Closed half +13. S/L moved to B/E .....that moved quickly. 16.15, Update: S/L on other half moved to +5 16.17, Update: S/L on other half moved to +12. Strong move, hoping it will trigger ...

Take the money and run.....

Trade 4 — Trade 4. Short EU @ 1.3315. S/L 15 pips. 15.45. Update: S/L hit -15 pips. TRADE 4 SUMMARY = -15 pips

Take the money and run.....

EU — Trade 3. Short half a position EU @ 1.3209. S/L 15 pips. Will add if we go lower... Riskier early entry trade. 12.27 gmt Update: S/L hit. -7.5 pips TRADE 3 SUMMARY = -7.5 pips

Take the money and run.....

Long EU — Trade 2. Long EU. 1/2 a postion @ 1.3308. S/L @ 15 pips. 10.32 gtm. Update: S/L moved to B/E. Free trade. 12.15 gmt. Update: S/L hit for 0 pips. TRADE 2 SUMMARY = 0 pips

Take the money and run.....

First trade taken. Long EU @ 1.3271. 20 pip S/L. Trade based on 1hr Stoc and visit to previous resistance. Chart. image 08:45 gmt. Update: Half closed for +15. Other half set to B/E. 09:02 gtm. Update: Other half S/L moved to +5 09:10 gmt. Update: ...

Take the money and run.....

Keep in mind — .....that the up-moves we saw last Thursday and Friday on low liquidity, have now been corrected. I'm looking for a long scalp/daytrade opportunity from here.

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