Eurusd/gbpusd - page 1448

 
avi1:
week no gu-----6438, 6442, 6466, was signal buy-----6472 tp1 34p, tp2 30p, tp3 14p, later week no. 6466, was signal sell----- olso week no. 6442 ---signal sell-------

stopout 6411 tp1 55p, tp2 31p ()

 

300 pips change from the last peak is showing that this change is a serious change. We still need a trend change confirmation, but seem that QE tapering is giving its first results (at least in the traders and market makers minds)

 
searchingFX:
300 pips change from the last peak is showing that this change is a serious change. We still need a trend change confirmation, but seem that QE tapering is giving its first results (at least in the traders and market makers minds)

Looks like you are right. But I have never seen this sharp change in these holidays days

 

decided to delete post

 

All estimates are now that USD should be stronger. All that depends on strict QE taper. On a first sign of a foul game when it comes to QE we might see a violent reaction (especially since FED have decided to keep low rates for a long time)

 

Open position ratios before the official market open :

Files:
ratios_3.gif  25 kb
 

And now when Euro is starting a downtrend the % holding EURUSD long positions rises. Almost a sure sign that the trend is changing

 

Better to wait for a normal trading volume before starting to trade again. This Asian session is still in a very thin volume

 

Don't forget its Rates and NFP wk

could go either way until then

and then also

 

Don't think that anybody will change rates in this week - but NFP speculations could do the trick. You are right : we should pay attention to NFP, and if it does the usual, we shall see one more whipsaw

Reason: