Recap: A falling trend resistance developed on the 4h yesterday that was solid enough for us to put it on our S/R charts. That resistance broke at 3115 (PRO email was sent out at 01:08a UTC). We are currently long from that break.
Greece continues to inch closer to bankruptcy and/or leaving the Eurozone. Whether or not it will actually come to that is yet to be seen, but the lack of a deal has been enough to spook investors into a potential bearish reversal for the EU.
Trading Idea: Our targets for the resistance break long (first blue line) with targets at 1.32 for 85 pips. Our stop-loss is trailing beneath the rising trend support (second blue line) – if that support is broken we will close our long and get short with targets at 20/20/25/25 90 pips.
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February 15, 2012 at 15:25
Hello all, got a connection here at the airport can give a quick view, first I am so happy for all our bearish friends here they could get good profits and all others too, hope this will continue and we will see a break down of support of that channel down 3050, in fact in all TF we see this channel down between 3170 and 3050, in my view and for sure not in view of GREECE again, as long as 3050 hold then we will see another test to 3130 and 3170 and this may give another round till Friday, wish you all GL and hope to be able be here again, GL and TC
February 15, 2012 at 15:27
hi @lux was alone grrrrrrrrrrrrrrr
February 15, 2012 at 17:23
hi sahraview
February 15, 2012 at 15:30
we neeeeeeeeeeeeeeed !!http://imageshack.us/photo/my-images/689/candleo.png/
February 15, 2012 at 15:33
hi @andi
February 15, 2012 at 15:35
@Saharaview, hello why alone??? I think you will get that closing this hour, do you have short order open??
February 15, 2012 at 15:37
yes from this morning (first closeed yet waiting 3026 first!!
February 15, 2012 at 15:37
@Kobe, good to see you, and happy you got good profit from your short, but I saw you will let it open???
February 15, 2012 at 15:40
Hmm I’m feeling somewhat skeptical about gu reaching 56 today. Market seems to have cooled off a bit, after all what’s been going on with eu and gu and usd/chf too…but I’m gonna leave a little short open, let’s see…
February 15, 2012 at 15:41
@Saharaview, you are working on profit only when I am not here??? :-) but nice catch, I am happy really I closed that Long on Monday and trusted my friends here and also my fear I am not behind my desk and to much risks , but wish you all the best, P.s, take care of 3112 if we will reach there this hour but it seems more down, like closing 3040-50
February 15, 2012 at 15:45
not at all friend !! you know forex some day you are in another not in !!
February 15, 2012 at 15:57
I know my friend, and believe me I am more than happy when I see you have all the best trades, only wished I was able to be with you, but next time sure
February 15, 2012 at 15:50
who said another low ??
February 15, 2012 at 15:55
3053 at least will be a good closing
February 15, 2012 at 15:56
will be nice !! (
February 15, 2012 at 15:58
@luxma yes i want to leave it open till under 1.30 and i have a target now @2650! But i may take profit here and go back in later in better price, always hesitating, but for now i don’t see any bull power, so it will be drawn to the big 1.3 i think.
February 15, 2012 at 16:01
@Kobe, wise decision my friend, actually I would suggest before to close it but I know that you were correct on that short taken before, but we have also to see that a channel down is a bullish pattern and a reversal type, the last target 3053 if any closing under than correct 3000 but if not then I seea good reason for bulls coming back after 3112, however wish you GL
February 15, 2012 at 16:05
Wishing a successful trip@Luxma. Your absence is being felt here:)
February 15, 2012 at 16:07
@Clem, nice to see you my friend and thank you for your nice words, I will be with you still 30 mn and then up to the air, take care and wish you all the best
February 15, 2012 at 16:08
@luxa did you see my plane in aeroport !! (am not in:!!)http://imageshack.us/photo/my-images/824/planeb.png/
February 15, 2012 at 16:11
last ss in hourly gives more than 25 pips!
February 15, 2012 at 16:11
come on market, give some bears a go in gu! :D
February 15, 2012 at 16:12
ah, yes my friend, it is in TAXI position and waiting you for take off from 0769 to 0828 but there is 2 damage parts to repair 0710, 0612 , I think it will try to fix it then up up again in 2 days??? nice image from your plane :-)
February 15, 2012 at 16:20
will try 20 pips now gu (short!!=)
February 15, 2012 at 16:20
ok guys I have to go now, hope to be able to see you all tomorrow, at the moment 3074 very important point, next 3085, 3106, and 3117 if we will have any closing over 3112 for next hour then I am not going to risk for short trades, but going long need a closing over 3130 , short side a closing as said before and sahara confirmed too 3053, wish you all the best and Good luck, was nice again with you all
February 15, 2012 at 16:24
see you and have a nice and safe travel!!
February 15, 2012 at 16:22
take care http://imageshack.us/photo/my-images/833/herex.png/
February 15, 2012 at 16:32
http://imageshack.us/photo/my-images/696/pips.png/ in 5 mn
February 15, 2012 at 17:00
New bullish triple on the 15m (only 15m old at the time of this post…)
Since 3050 held, good spot for a long…?
February 15, 2012 at 17:18
Didier say you hello
February 15, 2012 at 17:27
Yuuup! now I just did…
February 15, 2012 at 17:23
BTW hello! I’m a new piphut subscriber; joined up a week ago and giving it a whirl… we’ll see how it goes but I’ve lurked on this site for over a year now under a different name…
February 15, 2012 at 17:48
have a good night @all !!
February 15, 2012 at 17:52
Have a good night Sahara
February 15, 2012 at 19:20
Wow, can’t believe it starts to move now :) And in the good direction!
February 16, 2012 at 06:27
Good Morning all, very fast view before I go for my meeting here, after a closing under 3053 now they are behind a closing under 1.3000 which cause us a next drop to 2953 and next level and strong support 2863,
Daily reversal Low point: 3024, break out Low: 2983
Daily Reversal High: 3104 and break out High: 3145
Today Trend lines daily: 1.2944 and 1.3144 a closing hourly or better to say 4 hours over 3035 will bring some power to the pair but if it will be enough to break the falling support @3144 ???
1.2805 1.2952 1.3008
1.3099 (Daily Pivot)
1.3155 1.3246 1.3392
February 16, 2012 at 07:48
Hi all
Well euro extremely bearish – will hope for a retracement to 3050 for re-entry short
February 16, 2012 at 07:50
gm@all have a nice day
February 16, 2012 at 07:54
thanks “bears team” for yesterday !! was not bad again !
February 16, 2012 at 07:57
GM all, yes very good day with bears team…