Day trade
Trade view / 24 August 2016 at 13:45 GMT

UPDATE: EURUSD completes the AB=CD formation target

Analyst / PIA First
United Kingdom
Instrument: EURUSD
Price target:
Market price:
Further to Tuesdays video report and trade suggestion, EURUSD has reached our primary goal of 1.1260. This is the AB=CD target. We now look for the bias to turn temporarily bullish. 

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
1y
Cap21 Cap21
great
1y
Soleri1 Soleri1
Hi Ian, this was a great trade. It his the TP a short while ago! Thanks a mil.
1y
Soleri1 Soleri1
Sorry, it "hit"
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
you are very welcome
1y
Soleri1 Soleri1
H1 and H4 still very bearish. D1 is bullish. What do you think?
1y
Steblaj Steblaj
i'm thinking it's forming a bullish flag...
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
I have taken a long now but 1.1240 has to hold
1y
Steblaj Steblaj
btw, just for laughs: i got a bit early on this trade yesterday (didnt see this post) and shorted at 1.1334, got scared at 1.1340+ and chickened out at 1.1331 :D :D :D
1y
Steblaj Steblaj
*this post= the ABCD from yesterday
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
I traded it but not until the end... I am having bad week P + L believe it or not .... just taking the wrong signals
1y
Soleri1 Soleri1
LOL. I got in at 1.1345, SL at 1.1370. Cashed out at 1.1260! I wanted to chicken out, but had enough confidence in the analysis from Ian. A perfect set-up that was. Again, thanks Ian.
1y
Rofhiwa Thomoli Rofhiwa Thomoli
Ian, well done man. Please share again next week. Your analysis was really good. We need more traders like you.
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
thank you for the kind words
1y
Rofhiwa Thomoli Rofhiwa Thomoli
Ian, please explain why you taking long position on EURUSD
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
AB=CD completed... USD index against a trend line.... huge volume at a Demark 13 ... it is high risk (very)
1y
M_C M_C
Short until 1.1220 then long.
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
if it break 1.1240 next stop is 1.1230 and 1.1211
1y
M_C M_C
1.1211 more likely.
1y
Soleri1 Soleri1
Rofhiwa, I totally agree with you.
1y
Rofhiwa Thomoli Rofhiwa Thomoli
M_C if I go with your analysis, I think I will be safe for now. I'm still on short position. Ian, at which position you think I should take a long position? 1.1230 or 1.1211?
1y
Rofhiwa Thomoli Rofhiwa Thomoli
At which point.
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
1.1230 is bespoke support (daily close above) 1.1208-11 is a Fibonacci confluence area
1y
Rofhiwa Thomoli Rofhiwa Thomoli
Thanks Ian. I appreciate.I will give it a try.
1y
M_C M_C
I'll be short until 1.1220-10 area. Then long in the same area.
1y
Steblaj Steblaj
well I'm out after going long @1.1257. lousy day.
1y
Rofhiwa Thomoli Rofhiwa Thomoli
Guys my sort positions seems to be going the opposite direction at this time. Any updates guys?
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
we might make a bullish reverse Head and Shoulders here ... 1.1255 is support .... as noted earlier .. I am a buyer now
1y
Rofhiwa Thomoli Rofhiwa Thomoli
It is too late for me to turn now.
1y
Steblaj Steblaj
there is a flag, if it breaks the upper resistance line from 1.1366-1.1347 it should go 1.15+

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