Is the eur-usd going down?

[hwsteele]

You just have to love the thread titles that ask simple questions that all the real traders really don't care about!:|

You know the kind where someone wants to start a thread just to pump up their post count.:whistling

Well have no fear this is not one of those. cheesyr is it?)

But for real...

I was looking at this eur-usd chart here and couldn't help but notice the beautiful 1-2-3 pattern. It was a nice 1450 pips up on the first leg then very close to 50% retracement and then we are now less than 100 pips away from the "third leg equals the first leg".

What do you think? Could there be at least a nice pause around this price level or maybe a big time retracement?

Do you think the non farm payroll will push the market down?

What do you think?

That's right I'm talking to you!

 

[hwsteele]

Yes this would be the chart I forgot to put in the last post.:cheesy:

 

[nunrgguy]

You just have to love the thread titles that ask simple questions that all the real traders really don't care about!:|

You know the kind where someone wants to start a thread just to pump up their post count.:whistling

Well have no fear this is not one of those. cheesyr is it?)

But for real...

I was looking at this eur-usd chart here and couldn't help but notice the beautiful 1-2-3 pattern. It was a nice 1450 pips up on the first leg then very close to 50% retracement and then we are now less than 100 pips away from the "third leg equals the first leg".

What do you think? Could there be at least a nice pause around this price level or maybe a big time retracement?

Do you think the non farm payroll will push the market down?

What do you think?

That's right I'm talking to you!

Mebbe. even If you're a bull it's due a pullback.
I'm short atm. Up 3 pips lol

 

[arabianights]

I wish eurgbp would. I keep selling it, going very much onside, then scratching. Or never going onside and taking a loss

That bitch is headed down to the 70s but I need to get the entry right...

 

[hwsteele]

Well the price of the EUR-USD went up right to the number on the chart and then headed down. Now we have to see if we get a nice (but smaller) 1-2-3 down.

 

[hwsteele]

Well the 1-2-3 to the downside is complete so now the question is:
Will the market start back up or is this just the first leg of an even bigger 1-2-3?
Gosh darn Friday will make us have to wait to find out!