“No matter how much information you can get hold of and no matter how good your grasp of the fundamentals, if you do not understand price action and market dynamics, you will have a hard time booking trading profits.”

– Just a Thought

Here is the potential move we discuss today, I will review in detail in our Wednesday session:

> Click on chart to enlarge <

As per yesterday’s post, those 1,0240s were worth keeping an eye on; more of the same:

> Click on chart to enlarge <

As posted yesterday on twitpic,  since most are focused on the short side, I thought it might interesting to show readers what the longs likely have on their charts. Pressure is still on but it’s worth keeping an eye on both sides 😉

> Click on chart to enlarge <

Again, very interesting action in this pair. here is the updated chart > eyes on this level:

> Click on chart to enlarge <

Here is the chart with a better view on the whole range that we have been discussing:

> Click on chart to enlarge <

New week, same levels. Shorts are still having a hard time in the counter-long zone; let’s see if this week can sustain a proper break in either direction…

> Click on chart to enlarge <

As discussed in the Wednesday session, short into long playing out nicely, keep it tight, we will update in the next session:

> Click on chart to enlarge <

Still looking at the same levels… has presented a very nice trading opportunities:

> Click on chart to enlarge <