...Looks like an Engulfing 'Red' off the level - lets see if it has any commitment Added into shorts off the 'touch point' (pin rejection candle)

EURUSD only

My charts suggests a sell off is likely now..but my charts have suggested that before which is why I'm in drawdown on the stack Added: Yeah that TL off the bull flags must be clear on most traders charts which is why I'd expect chop and wouldn't be ...

EURUSD only

Adding into shorts looks imminent..with chop expected!

EURUSD only

Sure no worries, I just use the UJ for assessing EU trades sometimes and thought it might be useful. Would you like me to delete the post?

EURUSD only

On the flip side of course is that EU has waved its two fingers at every shorter using broken trendlines for weeks now - as you referenced yesterday.

EURUSD only

To hell with 1.22 mate I'm looking for a lot lower than that

EURUSD only

USD/JPY Correlation (inverse) suggests retrace to the blue line above - I'm long off the green horizontal line just under the downward sloping blue line - if it obliges could add fuel to EU downward pressure but still early days.

EURUSD only

I might well add in on this short basket very soon..Is it a gamble? I'd say so, yes because each and every trade is a gamble - May as well embrace it folks. Every trader and speculator is a gambler. Simply by using analysis and having a stop in ...

EURUSD only

She's put up one helluva fight so far

EURUSD only

...Well you've been on the right side of it and good for you..for us 'shorters' its been a pain in the ass...and I've been underwater for days now. This chart is clearer - for me first target below in blue but there is another one..lower (for us ...

EURUSD only

I agree with everything you've written Digger and your credibility is unquestioned. This pair came within pips of my target reverted and blasted through previous high - I sat on my hands until yesterdays adding a short in at 1.2276 There is still ...

EURUSD only

Bleeding tough month for me too Davit, Currently short EU with 1 in the money and 3 underwater - been a bloody pain and been shorting into it for weeks Long USD/JPY with 1 in the money Long USD / Cad with 2 in the money

Pivot Trading

..Merely by way of an update - I've got 3 short entries in the hole and am in drawdown at 0.6%. Retrace lower remains for me and I'm awaiting the next short entry...Phase in, scaleout,phase in..Drawdown.. Well done to all you 'Longers'

EURUSD only

So true, same as you;100 pips a day for E/U was rather dull back in the day.

EURUSD only

The way its headed, I wouldn't be surprised to be offside on these 3 in the morning. Added - A touch of that swing high (dotted line below) and I'll scalp some profit and de-lever the add-ins

EURUSD only

Yep Digger - got that level market off my chart too

EURUSD only

..I've layered in shorts at 1.2042 (Distribution zone) and 1.2023

EURUSD only

It wouldn't surprise me if this challenges the daily swing high - so like you I'm phasing in a short order but keep plenty of artillery back for further entries.

EURUSD only

Accumulation zone highlighted in the chart I posted this morning launched it back through high of yesterday. ..Back to scaling in short orders for this bloody target that is taking some hitting.

EURUSD only

Too true, Long scalpers covering or taking profits off the level here. Not my playground just yet..just holding shorts and trading other instruments while EU unwinds..

EURUSD only