Thanks, that makes sense

EURUSD

So why wouldn't it be 4850 (psych level) or 4840? I don't know why 4801, that's all.

EURUSD

curious, how did you arrive at 4801? Using what indicator?

EURUSD

Wow, crude alread 120

EURUSD

Kruger Battle video Blood, sweat, tears

EURUSD

LOL, yes

EURUSD

I'm waiting for oil data. If that is good (bearish), lower entry for long.

EURUSD

I see north for a while until oil hits its temporary peak. At around $120

EURUSD

probably will retest lows today before heading higher.

EURUSD

Why don't you wait for the jobless claims data? If it's very good you can enter a long position at lower prices.

EURUSD

I'm looking at 48.40

EURUSD

but that would mean it's a decent indicator to short, doesn't it?

EURUSD

This makes sense, thank you. I noticed you are using 10m chart and I use the 15m...does it make a huge difference because my RSI in my 15m is still around 80.

EURUSD

Please explain why...the 15m and 1H charts are bullish. Why aren't you holding for 48 (bigger resistance)? Just curious to see what methodology people use to make such decisions as I'd like to learn.

EURUSD

This is like watching paint dry. ACtually watching paint dry is more fun

EURUSD

so you are saying two scenarios in play, right?

EURUSD

From CNBC: Bottom has been set likely for crude oil right now.

EURUSD

Lets not get carried away. The 48 resistance still looms But good call on the long!

EURUSD

Duh, I meant support.

EURUSD