Looks like that pullback we’ve been watching on the E/U is imminent.
As you know, I don’t normally trade on Th and Fri but this is looking good.
I’ll take 50 off the E/U short below 1.4700 if I catch it. I think it will retrace at least to the 1.4620 level if not deeper. It’s triple divergent and each bump upward is getting tighter and tighter in range.
Anyone else watching it?
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at FXStreet.com and heads "The Human Element" a blog dedicated to trading psychology at ForexMotion.com Want to know more? She was recently profiled in "FXStreet.com's Women in Forex" Series.
You can contact her at Triffany(at)Triffx.com
Triffany,,,, am I watching? yeh, like a hawk. long usdjpy…. short eurusd
jerry
Fantastic! Well spotted on the U/J as well. Are you long already or waiting for movement above the 91.50? I think that’s good to about 92.60 or .70 ish.
well, I have open test positions on both. I am going to bed fairly soon and don’t mind being early. thanks for the target. my TP was set at 91.14 but I will adjust to your TP.. Thanks for your comment.
its now 2 AM so I will catch a couple zzs…
woops, my error….. my TP was set at 92.186…. so our TPs are very similar.
Long the USJPY with a small first position. Will add above 91.50…..watching the EURUSD for awhile as well…not in yet…..will on break 1.4700 with you though. Watching GBPUSD 1hr around 800
One guide to keep in mind with the USD…… When all the newspapers headline the USD lows and 81% of the views are negative…… its time to reverse think…… me thinks
I am going to play with this one. Just watching right now but it looks good.I shall be a deal more conservative than you though Triffany. As usual still with GBPUSD!!
Got out of the E/U before it popped all the way back up for a few + pips. Still in a small USDJPY position w/another limit set above 91.50. Not sure if I will leave for weekend yet!!??
My target on the EURUSD is 1.46650. Now I have admitted it it will probably run the other way.