Euro vs US Dollar D1 Live Forex Chart
EURUSD,D1 Chart By dadotradez
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great example of why you TAKE THE PIPS even if you are short of your planned take profit; also a great example why you should periodcally check your trades; look at what happened, the thing shot through the roof and if i had waited for my planned 67 i would've gone home without a dollar to my name!
i planned the last trade to go for 67 pips, but i got on the bus home and saw that i had 32.4 in the bag, so sometimes you just have to TAKE THE PIPS!
i still think it will dip to 1.3550 at least and maybe lower, but we will see how it goes.
i still think it will dip to 1.3550 at least and maybe lower, but we will see how it goes.
on the last trade i took the green line as an intermediate s/r and used that big pinbar as a setup (third red arrow from the left); it proved to be good and now we will look for a short setup at around 1.3680 which i expect to form as part of the greater down trend starting with the huge pin at 1.380 (first pinbar)
*first arrow
was the huge pinbar*
alright, added a new line here at around 1.34761. it's not a major support/resistance level but an 'intermediate' level, and if we hit this then it's on for more signs, potential bear pin toward 1.33655--- the next major support
nice little bull pin forming at 1.35, too bad it's friday. will be dreaming of this setup over the weekend; can't wait for next week
this shows that you can't really count on any signs until nyc closes, at least that's how i see it. and because i don't trade fridays, it will have to be until next week to see where it goes. but the day should be a lot of fun for the eurusd
okay i took about 55 pips on the trade because it dropped to 1.3605 which is something i'm happy with. good discipline to stay in there, but i happen to be there at the right time and i nabbed it.
i still expect a further drop to 1.3550 or so but as far as i'm concerned i'm outta this joint until the next setup comes along
i still expect a further drop to 1.3550 or so but as far as i'm concerned i'm outta this joint until the next setup comes along
drop to 1.3550 confirmed, and well below
Recent support and resistance lines, the first down arrow highlights the huge bearish pinbar where the pair failed to break 1.38; second red arrow points to another bearish pinbar where we want it to go to around 1.36