PT's charts seems like it wants 1.27632

EurAnalysis

So one day before major news and Mario Draghi's speech, we shot down almost 150 pips. We have retraced almost 23.6 of that. We are currently in previous support and demand zone which has proved to be of great support / resistance in the past. ...

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Daily looks like it wants 1.27. Bearish engulfing. Weekly, same, but its not engulfing. 1H has got triple bottoms with long wicks stretching to 1.29517 while it went higher. Inside bar on 4H now.

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Got a short at 1.29688. Looking for 61.8 on my charts @ 1.29337. Have a bad feeling that it may not get there though. We're oversold on all timeframes. 1H is beginning to push up. Perhaps a 50% retracement at 1.30453. Not sure if we'll get to 1.27 ...

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+ 3 pips. Waiting for a better position. This down move would put us rather oversold.

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Took a short at 1.29685. Looking to 1.27xx this time. May or may not get there. Considering playing intraday trends with profit targets of 100 pips and stop losses of 25 this time. No point holding positions for a long time and losing out.

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+4. Pending at 1.295 Long.

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+2 pips. Went long, TP 1.30298 - 1.305

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Closed 3 pips. Went short.

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Long at 1.29664. My trades are bad. Not improving.

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This burst down isn't making my day at all. Was hoping to see 1.315 before 1.295. At least another 1.312 would be nice. Perhaps we could burst upwards with this down move.

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1.30753 is the 50% of the move down. Closing above may mean we can go higher. 4H has turned from Oversold to somewhere around 30-50 levels. MACD is about to crossover as well. Lots of big bull bars for the entire day. Looks good. This huge spike ...

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We are now slicing through 1.308 like butter, but it seems that it will prove to be of good resistance as it has been a support. Nevertheless, we sliced it. I'm looking for 1.31762 as near term target followed by a retracement to about 1.308 once ...

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Having fun drowning?

EURUSD

Potential inside bar for Daily on EURUSD. Looking for targets ranging from 1.314 - 1.32x with final target at 1.34xx.

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How on earth do you think we are overbought? Broken stoch?

EURUSD

I will begin doing Elliot Wave counts again when I'm up later. As for now, I'm looking for it to complete the final wave up to 1.314 - 1.32.

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4H is already oversold.. so...

EURUSD

Awesome indicator!

Aussie Trading Room and Cartoons Gallery

We are oversold on 4H, but this doesn't mean we won't continue going lower. There is however a chance that we complete the upward move from 1.28x to here. Completion is expected to peak at 1.317 - 1.321x. But first we need to break 1.31489 which is ...

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