EURUSD: Demand is trying to support the market above 1.08The chart tells a story and the story unfolds bar by bar.
6E1! trade ideas
EURUSD: Failed Test of Supply + Increase of Selling PressureThe chart tells a story and the story unfolds bar by bar.
Note: There is an issue with the data feed and yesterday's bar is missing (bar 50 on May 26th, 2015). See the related idea below for details on the analysis of that bar.
EURUSD showing no supply with the lowest activity of the yearThe chart tells a story and the story unfolds bar by bar.
Confirmed No Demand and more weakness in the EURUSDThe chart tells a story and the story unfolds bar by bar.
Next bar could confirm no demand in the EURUSDThe chart tells a story and the story unfolds bar by bar.
Hidden activity at key levels in the EURUSD marketThe chart tells a story and the story unfolds bar by bar
EURUSD: Supply hits market but it is supported at key levelsThe chart tells a story and the story unfolds bar by bar.
I did not post yesterday's bar analysis due to an error with the charts and the data feed. I am sorry but it was out of my control.
Be cautious, FOMC Meeting Minutes today (2015.05.20) at 19:00 GMT. It will likely create high volatility, and fast and big moves in the market. It is strongly recommended to either close you positions or manage them accordingly to the possible extreme market conditions during and after this event.
EURUSD: Demand overcoming supply below key levelsThe chart tells a story and the story unfolds bar by bar.
EURUSD shows hidden selling on new highsThe chart tells a story and the story unfolds bar by bar.
NOTE: This chart has a correction on the analysis of bar 41. The close on the middle of the bar shows weakness, however it is responding to the strength of the previous two bars (39 and 40) with increasing volume but not excesive. Remember that high quality supply will appear on high volume up bars and bar 41 is not the case.
EURUSD No place for bears, yet. Increase of buying pressure.The chart tells a story and the story unfolds bar by bar.
Major Sign of Strength: Confirmation of No Supply on the EURUSDThe chart tells a story and the story unfolds bar by bar.
Today's analysis is a very good example of why it is really important analyse the market bar by bar.
EURUSD testing supply (Waiting for confirmation)The chart tells a story and the story unfolds bar by bar.
Let's play catch...the knife! Why you don't try to catch a falling knife. It would be great to be short..but we are not. Knife hurt when you catch them. On side lines with the euro.
Down goes Euro, down goes Euro...LESSONS:
1. If you missed the break down then you can't chase the trade.
2. If you missed the trade DO NOT try to catch the falling knife. You most likely take a hit to your account.
3. Wait for for something to setup...patience is your accounts best friend.
What's up the with EURO? No setups at this moment. We are sitting on our hands waiting. Stay tuned.
