EURGBP has really been respecting the fib swing from the Oct08 lows to Dec08 high and we are still in the range of that swing. So now we re back at the 78fib and swing highs from the summer 08 again it should bounce this is a major pivot zone.
Bigger picture I think this level breaks and we go to 0.79 then 0.77
I bought the break of the bear flag I posted on twitter last week. I am still long. Upside target 1.3167 with a bump at 1.2970
Not as bullish as it looks because we haven't taken out the last (Oct11) swing high but holding above the 105.70 pivot level is positive. Below 105.70 I would be a buyer at 101.36 for a massive inverse head and shoulders reversal.
I am not long, I have been selling little rallies and exiting on dips to 1.20 The fibonacci pattern, the chart pattern, and the fact that the whole world and his dog is long EURCHF tells me to be flat or short. I do not know the political mechanism that would get us there but my target is 1.1890 and I would buy it there
Tuesday
I am long EURAUD from last week and I bought some EURUSD and WTI crude today. WTI stuck at the weekly pivot level 103.80, I already have half off and will exit if we can't clear this level soon I am not holding overnight. EURUSD is a swing back to the top of the wedge 1.33 level but may hold half for an upside break
EURUSD long 1.3152 stop 1.3132 target 1.33
WTI June long 103.05 stop 102.75 ... open target
WTI June long exited half position 103.95 +1.5R
from last week:
EURAUD long 12672 stop 1.2638 target 1.3175 - half position left
Posts
Wow!
ReplyDeleteNick is back!
One of the best retail traders, who is blogging right now)
Ha thanks for the welcome
ReplyDeleteInteresting we are both long eurusd and euraud whats more interesting is that I bought almost at the same price as yu did, but we use different methods. Am still holding. Joe @tradingplace
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ReplyDeleteShould I delete your comment then?
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DeleteHello Nic, thanks to share your skills, What are the signals or strategy you use to enter into long EURUSD at 1.3152 ? thanks a lot
ReplyDeleteEURUSD is in a big daily wedge so Im buying the bottom and selling the top.
ReplyDeleteOn Friday when we broke above and closed above the 1.32118 last swing high I wanted to buy a pullback.
I missed the entry Monday afternoon because of a Dr appointment.
I missed the overnight entry long off the (highlighted) pivot so I bought the next dip back to the pivot at the US open.
Hope that makes sense, here is my hourly chart I used to enter with arrow.
http://twitpic.com/9e093k/full
Thanks a lot Nic, i'm a big fan of you :-) I follow all your social account.
ReplyDeleteThanks so much Pascal
ReplyDeleteI can say the same about Nic, love seeing her charts and analysis on all social networks :-)
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