Forex Signals – EURUSD Bullish Flag Pattern
Recap: We stayed flat yesterday on the EU, as promised, as there were no clear S/R lines to trade. We mentioned that we were bullish in the short term and the pair did not disappoint, rising almost 200 pips.
After the large rally the pair is consolidating under 1.2930 1.2830 in what appears to be a bullish flag pattern. While we are bearish long-term and this has the potential to be a short-squeeze, we will continue to look to get long on resistance breaks.
For all pairs last Friday only our USDCHF setup was triggered for 80 pips on the support break.
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Trading Idea: We are looking to get long on a resistance break of falling resistance (top blue line) with targets at 80 pips. With recent resistance lines smashed 1.29 and 1.30 are in play before another major bearish correction.
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sahara
September 10, 2012 at 20:00Gm @Mark thank you for signal !! what s about week emails ??? we received nothing ?
PipHut Team
September 10, 2012 at 21:03Hi @sahara – you mean the email we talked about last week? It is still in the works, sorry for not mentioning again. Something special for swing traders… :)
sahara
September 10, 2012 at 21:05Thank you for answer@Mark !! see you torrow !!
Kobe
September 10, 2012 at 22:12hi!
thanks mark for the update.
Kobe
September 10, 2012 at 22:14@piphut ;small mistake in signal
“the pair is consolidating under 1.2930 in what appears to be ”
should be “1.2830″
PipHut Team
September 10, 2012 at 22:19Thanks @kobe. *fixed*
andi
September 11, 2012 at 00:07Gm@piphut, thank you at market for this early analyze, wish you a great and profitable day ahead, well it seems that this short term bullish is strong enough that now even piphut looking for more upside than lower levels, but What I do not like really on this pair are its short term moves and then in one second huge volatility and changing the lane with no warning :-)
Wish all of us good luck and hope to c u all today again
andi
September 11, 2012 at 00:09Some comments from old page to @Saharview:
Comment left on:
September 10, 2012 at 20:00
andi says:
Hi @Sahara, nice move down on Gold , closed again at 1726, was a long waiting list now I am free, thanks for the images and explanation and yes between 1715.36 and 1721.60 correction area, but take care of Flag on Hourly ,
on Euro pls, see my comment as before:
Comment left on:
September 10, 2012 at 13:42
andi says:
@Johnny, 2771 very weak are my view for buy, 2751 rising support and your 62 the last man standing from before only a view
Comment left on:
September 10, 2012 at 20:04
andi says:
and this before that wit tps mentioned which already hit second Tp at the moment
Comment left on:
September 10, 2012 at 09:33
andi says:
2787 to 2794 still sell levels to me First TP 2765 ,2754 and 2733 as good level targets for EU
andi
September 11, 2012 at 00:20For Today : between 2725 and 2745 any reversal then upside will move further no reverse then good closing under 2725 by any hourly and break this point then first 2717 then 2700 in view before going to S3 2683-85
Projection 1.2692
Trend line 1.2754
Res 2 1.2828
Res 1 1.2793
Pivot 1.2774
Sup 1 1.2740
Sup 2 1.2721
Sup 3 1.2685
Reversal Low: 2741
Brekout Low: 2725
Reversal High: 2775
/break Out High: 2787
Good Luck and Usage of all information of your own risk. thx TC
sahara
September 11, 2012 at 06:53@andi said R1 2793 !! nice ! we have been 3 times there ..it s time time to broke it and change it on a S thanks
HarryG
September 11, 2012 at 05:17Hi everyone
Gold is on Radar today
1750 forecast – time to buy
sahara
September 11, 2012 at 05:51gm !!!all !!
sahara
September 11, 2012 at 05:52radar ?? speed limit ?? no !!
sahara
September 11, 2012 at 06:46third kiss area !! all buls wk up ??
sahara
September 11, 2012 at 06:58nice triangle eu 15 mn
EU-trader
September 11, 2012 at 07:26Thanks Mark for the sinal.
Hi @all
Did anyone get in the long EU on the break of 1.2800?
Good luck @all
sahara
September 11, 2012 at 07:29yes !! eu trad ! a hand sh 30 gu we can see 6035
sahara
September 11, 2012 at 07:37let s hope 400 pips with pro today !! 3 pairs now in trad !! see you later a nice day all
Johnny
September 11, 2012 at 07:58GM
Gone Short just before at 2815 (Bearish Butterfly showed up)…..Lets see 2750/60? But have a trampoline still laying at 2720 and aiming for that level once 2750 is breached? Lets see?
GL
Busy as usual, see ya later…
Johnny
September 11, 2012 at 08:07Also went Short G/U @6000 lets see?
Johnny
September 11, 2012 at 08:08error…6020 I mean !
sahara
September 11, 2012 at 08:19@johnny what we do with@Mark signal,,,,??? He said long when R broken and it was at 2813. Same thing with gu. …!! Does not disturb you ???? Not me because i know what i have to do ….!! Think about this ,! You can see other thing than @Mark .. But with him we know. Where is R or. S. Pls i want to understand who s wrong ??
Johnny
September 11, 2012 at 08:35@Sahara, morning friend, you are correct and we did get the rest. break alert. Mark is mostly if not always right. But there were a few times that I went against Mark s signal (Just a few!) and I got some pippies out of that trades :-)
I trade what I see and the Bearish Butterfly popped up on smaller tf just before. So I turned my Long into Short.
As I mentioned y/day….I still think we need to go lower first to get the real bounce up to 2900. So I am intending to Buy again on this pullback. (Its still not out of the consolidation according to me!)
Just my view….I may be very wrong and we soon move above 2820….But I think 2830 is a hard nut to crack still and thats why I think we need to come high from a lower level….Pls do as you pls!
dd
September 11, 2012 at 08:39lol @ johnny on e/u.
dd
September 11, 2012 at 08:43@ johnny in my view e/u hit 1.2960-70 bro!! good luck to u
Johnny
September 11, 2012 at 08:51@DD Guess you are not looking in here daily DD? :-) Otherwise you would have certainly seen my comment here below ? :-)
Comment left on:
September 10, 2012 at 09:01
johnny says:
Busy as usual.,….But still try to have a look every now and then in here….
Still in my Short and hoping to see a nice correction before the major bounce up will be lit !
As per my comment above….Short from 2780 aiming 2720 as 1tp….But think we may go a bit lower to around 2680/90 and will bounce up from there (as mentioned earlier above in my posting)
For those guys whom are bullish minded (like me) too….I can already tell you that the following levels (In the next days to come) are the Push Downs on the Daily now….And I think….we will be going to see them : 2902 as first TP, 3136 as second TP and finally…….3434 will be all you get !!! 3434 guys , remember that one when we reach it !!!
GL , back later…
dd
September 11, 2012 at 17:47G/u going back down to 1.57850