Eurusd/gbpusd - page 2141

 
eurofreek:
Yellen announced negative rates. Expect a big jump up

It is here already. Whipsaw 101. More to come

 
searchingFX:
It is here already. Whipsaw 101. More to come

It went back to yesterday open and stopped

No volume - market makers doing the whole thing

 
eurofreek:

It went back to yesterday open and stopped

No volume - market makers doing the whole thing

FX volume dropped more than 20% in the last year alone. That is the worse drop in many years

 

Short/Long

 

The pair rallied up to 1.1376, but it formed a shooting star and a doji candlestick on the four-hour time frame, so I think we can expect some retracement soon.

 

Back to the basics. Ranging 101

 
eurofreek:
Back to the basics. Ranging 101

We might see some profit collection (stop loss hunting) today. With this low volume, it is quite possible

 
searchingFX:
We might see some profit collection (stop loss hunting) today. With this low volume, it is quite possible

Probably, but will be limited too

 

The pair is bouncing off the lower range around 1.1270/80 zone, profit collection day I guess.

 

The pair reached the support at 1.1210 and if it breaks below that level we can probably expect it to continue falling towards the next support at 1.1160.

Reason: