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EUR/USD H4 levels

Posted by Geofract on September 2, 2010 at 11:08am

Eur/usd H4 levels I am watching. Price jumped back in the H4 channel yesterday. Bold blue lines are daily key levels. Red line is daily TL. Possible IHS formation occuring... we shall see. I don't like trading this pair that often, because price is messy sometimes, but it's well worth keeping an eye because it's such a major pair.Click chart for big version.
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Comments

  • Geofract September 4, 2010 at 12:57pm
    Looking for longs in the near future on eur/usd, as always, if the correct setup occurs. I read the daily as having completed a correction in the recent up trend since the June lows. Lets see if 82 holds on the dollar though! :)
  • Geofract September 3, 2010 at 8:10am
    You could be right Dentist, though price testing to go higher again this morning. Anyhoo we shall see... here's what my very speculative H&S might look like.

  • dentist 007 September 2, 2010 at 6:52pm
    been in a range for some time.dont think nfp will do much to that

  • dentist 007 September 2, 2010 at 6:50pm
    plenty of res above and loads of supp underneath

    hourly eurusd 43 pips by 1 reversal

  • dentist 007 September 2, 2010 at 6:47pm
    yeah..but in that higher channel,there are lots of resistances.
    nfp tomorrow,could be a non event
  • Geofract September 2, 2010 at 11:24am
    Yes, it could easily be... as for IHS, if there's any truth in that, then the right shoulder is yet to form on H4 and won't form till sometime next week, if at all. I might just be speculating a little too wildly :)
  • Aadil September 2, 2010 at 11:18am
    its running out of steam if you ask me , especially with oil selling off

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