dewpoint

dewpoint

possible re-tracement area, will wait and see if this zone holds

dewpoint

this can reverse quick, be on the look-out, i'm out and i'll look to re-enter if it retraces back to the 139. level. nice 11 days of straight trading with this one. I've decided to take profits at this time given this sharp downwards move i will look to re-enter at the 139.0 139.50 area if this is possible. 20k pips in profits banked.

dewpoint Updated 

Red dotted line at 139.15 / 139.48 should hold as resistance leading into market close. Looking at possible additional shorting opportunities should the yellow highlighted areas hold as resistance. Trade continues on the short side.

dewpoint Updated 

Not long back in and seen todays move. I have very wide stops so all my short positions are still in place. I had red support/resistance lines placed on previous charts, this one has been cleaned following todays move but i have left those lines in place, i have made bold the most recent test at the 141.91, should it retest this and break through and then up to...

dewpoint

see chart short continues

dewpoint Updated 

more downside on its way

dewpoint

Updated with what appears to be a strong rejection, will it move or just continue side ways? bears have the edge

dewpoint

It has been a great few weeks trading this pair. I have started to open up my shorts scaling in from 142.057 - 139.376. 1st target is 129.591 2nd target is 128.179

dewpoint Updated 

1st target at 137.51. 2nd at 141.19.

dewpoint

Holding at the 133.40 area, are we consolidating for the next move higher? I will probably add to my longs on a break of the bubble/133.80 area

dewpoint

Looking for this to close above 133.40 NY time. That would in my opinion set this up for onwards upward movement. I have reviewed and adjusted my targets to 137.513 and 141.196, that said should price move quickly in upwards direction, i'll be monitoring and would look to manually close off this trade at any time.

dewpoint

see chart

dewpoint

See chart with needed support area

dewpoint

I'm at the crossroad point, i'm looking for a clear break of this trend line, through into green area then i'll be looking for strong and continued northward movement on this pair.

dewpoint

Confirmed change to the upside, longs have been opened, i started to scale in on the 6/7 & 7/7 with average open at 130.540

dewpoint

Consolidation and possible retracement on the way, short term though.

dewpoint

My take on possible short to long areas shown on the chart.

dewpoint

Side way movement with 130. showing a good support level, but will it hold is the question. I'm now closing out my short term shorts on this and taking full profits. We may be seeing a consolidation, and i feel a retracement is now due.