Anyone else see the bear flag?

EURUSD

Price Action And now chart looks like bear flag to me..

EurAnalysis

Yeah I am taking profit at 1.1650, might form a head and shoulders on 4HR EURAUD is a great long term trade though, just not at the moment, you are right on that

EurAnalysis

Yes it can but I don't believe it will Aussie was a much better long to take off this bounce..hmm Short EURAUD target 1.1650 almost reached

EURUSD

Look at volume of sell yesterday, then look at volume of the bounce (horrible) Now look at sell volume today, i guess you could also call it price pressure (stronger), would you expect long volume to be even stronger than yesterday? Good luck to you ...

EURUSD

Ok, agreed with that area. Would also give E/U its 100 pip daily range at 2280 I closed shorts at 2335, just added half of it aback at 2344. 2349/50 to re load

EURUSD

Do you ever trade EURAUD? I just realized today I can trade one usd pair and one cross at the same time and very much reduce my risk. If I am only interested in going short but the dollar is weakening, I can still trade EURAUD if I want to be in the ...

EurAnalysis

whats your TP area for your 2370s short?

EURUSD

2290/2260 are good levels, I just let price action determine. Will probably take some profit there and short the bounce.

EURUSD

2440 is very strong structure resistance and it double topped, so longs need to build a base lower to attempt it again (imo)

EURUSD

PA looks to me like its going to break... I didn't want to long it because of the PA otherwise i would have

EurAnalysis

Many bids** being pulled from 2330, we may get bounce back to 45, but that is max it would go I think. I'm not risking it.

EURUSD

No way. PA is too heavy to try this.

EurAnalysis

Damn she is heavy, don't know how much longs at 25 are going to get..

EURUSD

Will more than likely get at least 15-20 pip bounce here, but I dont think its going to hold...

EURUSD

Damn, tried to long 2349 for a scalp but missed it, they were too quick

EURUSD

I am learning to do both. It's amazing For example, may scalp long + TP at 2330, only to re enter short again

EurAnalysis

Took half and still have 15 lots? Plus more lots on DAX? Respect

EURUSD

I agree with you. I don't feel very confident in my shorts right now. But More confident than I would with going long at this level. Smart play is to be on the sidelines right now, but I'll risk 5-10 pips to make that 50-100 pip move, I hate being ...

EURUSD

Hope so! Forgot about 2360, shouldn't be much of a problem though

EURUSD