Thread: Discuss all about FX open

Originally Posted by ashokshetty

I want to close the trade, maybe GBP/USD can down to 1.94 but it will get a strong support there

G/U is a crasy pair, too much information to deceive, must be careful.

Originally Posted by primarylogic

G/U is a crasy pair, too much information to deceive, must be careful.

Yes, it will continue to down ...very crasy

How about G/J do you think？
I think it will retrace to 204 then drop down 197-198.

I will post a charting analysis later.

Originally Posted by ashokshetty

I want to close the trade, maybe GBP/USD can down to 1.94 but it will get a strong support there

Agreed :) The 1.93 - 1.94 is historically strong s&r area - it looks SO good to buy it around 1.9350 ;)

Originally Posted by primarylogic

How about G/J do you think？
I think it will retrace to 204 then drop down 197-198.

I will post a charting analysis later.

Im not sure. I took short G/J at 202.25 and I would like to see it drop a little bit more around the 200.00 level before it retraces.

G/J charting analysis next week!

G/J breaks of daily up-trend next week, now retrace to test trendline.
We wait it be rebound back to near trend line, then short it.

Entry position: We must wait for the H4 TF appears up-fractals, then find entry position on small TF.

Exit: exit at 199-198, there is intense resistance zone, so we close trades at 198-199.

Good Luck!

RISK YOURSELF!

Originally Posted by primarylogic

G/J charting analysis next week!

G/J breaks of daily up-trend next week, now retrace to test trendline.
We wait it be rebound back to near trend line, then short it.

Entry position: We must wait for the H4 TF appears up-fractals, then find entry position on small TF.

Exit: exit at 199-198, there is intense resistance zone, so we close trades at 198-199.

Good Luck!

RISK YOURSELF!

thanks for your analyse. very useful

Thank's for your analyze all, i hope EJ would touch 158.xx area again.

ECB left rates unchanged at 4.00% as widely expected. Trichet maintains his usual hawkish tone in the following press conference by emphasizing that the central bank's monetary policy was designed to deliver medium-term price stability and added that inflation will stay high "for a rather protracted period." While Trichet acknowledged the downside risks to growth, he still maintained an upbeat tone of the economy and describe it as having " sound fundamentals and does not suffer from major imbalances."
On the data front, Eurozone PPI climbed more than expected from 5.3% yoy to 5.7% yoy. Services PMI rose more than expected from 51.6 to 52.0 in Apr. March retail sales saw surprised -0.4% mom contraction, bringing yoy rate down to 1.6%. Germany factory orders were also weak, falling -0.6% mom, -5.0% yoy. Germany trade surplus that was steady at 16.7b. Industrial production slowed more than expected to 4.7% yoy in March.



just waiting EJ, touch 159.10 again and better to sell EJ and GJ at Tokyo session, except you are swing trader. i think EJ would touch 158.xx area again.

Originally Posted by Alizain

Thank's for your analyze all, i hope EJ would touch 158.xx area again.

ECB left rates unchanged at 4.00% as widely expected. Trichet maintains his usual hawkish tone in the following press conference by emphasizing that the central bank's monetary policy was designed to deliver medium-term price stability and added that inflation will stay high "for a rather protracted period." While Trichet acknowledged the downside risks to growth, he still maintained an upbeat tone of the economy and describe it as having " sound fundamentals and does not suffer from major imbalances."
On the data front, Eurozone PPI climbed more than expected from 5.3% yoy to 5.7% yoy. Services PMI rose more than expected from 51.6 to 52.0 in Apr. March retail sales saw surprised -0.4% mom contraction, bringing yoy rate down to 1.6%. Germany factory orders were also weak, falling -0.6% mom, -5.0% yoy. Germany trade surplus that was steady at 16.7b. Industrial production slowed more than expected to 4.7% yoy in March.



just waiting EJ, touch 159.10 again and better to sell EJ and GJ at Tokyo session, except you are swing trader. i think EJ would touch 158.xx area again.

Hm, E/J should pull back, but I am not sure where it will pullback to.

GU up to 1.9630 and down again.....