'crossed', typo - you posted the same sentiments as myself...only quicker!

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GU Demand — Interesting to note that this is now the 6th consolidation within this demand zone since end of June...remains to be seen whether it still has upside potency. edit: corssed with Megara's post

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Sounds a plan! Thanks for sharing your thoughts.

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What's your plan for this one, FXreds?...are you hoping for a quick +20 or so? A long from this level isn't far from a 'busy' zone in terms of SbR & RbS switches, when looking left on the chart. I see this more as a 123 reversal for quick pips given ...

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No-one is asking you to be a signal service. You post a well thought out and concisely explained trading rationale, which many 100's here (most in the background at the moment) are no doubt running with in their own time. I'm intrigued by your ...

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EU — ...will she or won't she?...my last attempt at building a short position targeting 4000 - 3900. 1st chart 4hr close below 4500, 2nd chart 5min entry around that level. Stops way above 4700 atm.

Trading Price Pivots

I made some notes on the EU chart for myself yesterday and whilst i don't trade in exactly the same way as yourself, it's encouraging to see that my analysis results in similar entries. Thanks as always for your EU analysis, it's the only pair i ...

Trading Price Pivots

Thanks for the headsup on EG, not a pair i tend to focus on. Looking at the daily chart and 0.8900 is historically a key level.

Trading Price Pivots

Did you take it?...there was a slight retracement you might have picked off from the 5min. EU's supply/demand levels have been great to see unfold these last couple of weeks. The pivot you refer to finding support from the demand seen last Friday ...

Trading Price Pivots

Yes, this is correct, as it was for the hrly swing low before the one you refer to, too My bias from higher TFs is to the downside, so i'm only trading short at the moment....good luck if you take the long, 1.4500 will probably act as a magnet ...

Trading Price Pivots

EU..update — ...i entered short last night with an initial stoploss above yesterday's high, just as well with the Asian run up overnight. I liked the confluence of fib levels and the round number (1.4400) and of course now we see a short 123 ...

Trading Price Pivots

EU — ...i'll be testing a short from this level after some further confirmation.

Trading Price Pivots

Agreed, price is now at the 61.8 and SbR confluence, perhaps when the US get back from lunch we will see more action, but like you my weekend's beginning and i'll just be keeping a casual eye open, just in case...good w/e.

Trading Price Pivots

EU — With the Michi statement due in just over an hour, if i were erring on the side of caution i'd just leave it for the week. It's been a good one, why risk drawing down into the week's profit on a friday!?....BUT, news is often the catalyst ...

Trading Price Pivots

...support / resistance switch in view now...great to follow your reasoning on this...i took profit at +257 yesterday during the 'exhaustion' with a view to climbing on again short on a clear retrace with confluence of factors and it's picture ...

Trading Price Pivots

Thanks Chantal! I've dropped down to the 4hr to present the potential bullish case in more detail, i must stress that I don't think it's a bull just yet ...to my mind it's simply shaping up that way..

Trading Price Pivots

...i'm agreeing with you but thinking back to what Chantal posted a while ago re wholesale vs retail prices...i'm wondering if price on this chart is at more of a wholesale level now to attract more serious buying...on the daily chart i see a long ...

Trading Price Pivots

With you on this, a textbook run down from 1.45, RN + Fib confluence at that level for the short.

Trading Major Lines

EU update — Hi Chantal, if only all trades were like this one! 300+ now..stops @ b/e.

Trading Price Pivots

Many thanks, it's clear ...quite an eye-popping stop for an add-on ..probably not one i'd use to build the position, but really useful to understand your thoughts on the hrly price action. Thank you.

Trading Price Pivots