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EUR/USD low in place

Eur/Usd low is in place -- it is up from here
Here it is: short and sweet -- Eur/Usd is going up
Draghi has said that selling the Euro now is pointless
We have a double bottom on the daily chart -- 1.05 is support
We see this on my first daily chart
Eur/Usd daily chart 1
The only thing to do is to predict the action upwards
On my second daily chart I have used the lows to calculate the Fibonacci expansion levels
I have also put in the Fibonacci retracement levels of the last big move down
You ca…
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AdamFx42 20 Maio

Support area - former resistance area on my Eur/Usd chart 2 - is being broken as I write
Price falling below 1.11 now and on target - resistance area chart 2 now back in play

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AdamFx42 22 Maio

Pair is now coiling around previous support and resistance levels, holding above 1.1050 which is now support (broken previous daily highs)
I hope this level is tested again so I may end up nearer to my target,
but I also hope it holds because a move below this level could take me away from my target again
Due to weakness last week and ECB it does seem unlikely we see a move up

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AdamFx42 22 Maio

1.1050 support broken and acting as resistance now -- 1.10 is support for now

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AdamFx42 25 Maio

1.10 broken now, too  -- I guess it will act as resistance if the pair intends to continue lower,
if that does not happen soon we will probably see a break above 1.10 this week
and maybe some sideways action until a direction can be found

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AdamFx42 29 Maio

Support is now at 61.8% daily fibonacci retracement around 1.085
Pair has bounced from there and is heading back up towards 1.10 at the moment
I hope Eur/Usd will break above 1.10 today to give me a chance

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USD/JPY back up again, how far will it go?

Usd/Jpy is back up to 102.7 this morning after putting in a scare last night,
when market opened I started to buy Eur/Jpy which fell 60 pips immediately after I opened the position,
the super-thin liquidity in the markets due to the absence of Australia because of a national holiday
was driving the market in steep reclines when Usd/Jpy tested 101.95 support
Usd/Jpy shot all the way down to 101.8 before halting and giving me the idea that this was just the market
Stop-Loss hunting, taking out the…
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Yen strength overnight, but recovery looms

Usd/Jpy started to fall overnight from resistance around 200 SMA on hourly chart,
but halted just below 104 and recovered back to just under 30 SMA where it holds now
It looks like a small push up from here will break both 30 SMA, and 200 SMA,
and lead the pair up to retest 105 level again
The Yen crosses are in unison with Usd/Jpy as usual, and a chance to buy after last nights recovery is good
It could well be that some news, or positive US data could trigger a nice move up for Usd/Jpy,
and I …
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Majors and yen pairs still hurting today

The Yen crosses are still hurting today after falling further overnight
Usd/Jpy fell quite a bit overnight too
and the majors are struggling with their supports
Eur/Usd struggled with 1.363 support and I decided to buy there - but that support is broken now
(or so it seems) next support will lie around 1.352
I expect Usd/Jpy to bounce back a bit before falling to 103.6,
and the Yen crosses should follow that lead:
Eur/Jpy, and Gbp/Jpy showed some bounce from their initial supports today,
and I a…
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Last chance for some pips

Usd/Jpy has met its resistance target and should bounce from here
I hope it retraces hard and deep the coming days as I could use some pips ;-)
As I have done all this month I will be sacrificing everything:
it is not so hard now, I am almost cleaned out as it is;
lessons that I will take into next month's competition
I like the new format, I had a couple of good chances presented to me,
especially as the value of keeping up a blog does not seem to be a priority on most traders list,
but there a…
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Thank you, Adam for your feedback, we appreciate that. All the best to you in 2014 year!

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