Levels in 1 min chart (Learning FX)

He is a chart 1 min to see how to

eurusd 17-4-2012 1min

Your comments too are welcome and you can always reach me on twitter @fx_13.

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EURUSD Setup 16 April 2012

Eurusd staged a surprising come back after last Friday sell off & Asia weak opening. We tested 1.30 into London opening before buyers got back the pair to 1.3020. US retail sales was the trigger & bulls then cleared back 1.3042 before first test above 1.3060 then again a quick drop to 1.3035 to find again buyers & shorts got squeezed thru 1.31.
Watch 1h chart here important area 1.3150-70 should cap rally & we a need a trigger to start quick fire sell off again. Spanish auction tomorrow so let’s see.

eurusd 16-4-2012 1h

Update 1: First target 1.3090 tested then we currently had a quick bounce so let’s see if 1/2 position could here hold @ BE. STOPPED ( 1.3140 ).

Update 2: Reloaded again 1.3143 & 1/2 taken here at 20 pips & stop back to BE… Let’s see again. & again stopped spanish auction was strong & fueled rally toward 1.3160 stops get squeezed.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

GBPUSD Trade & short setup 13 April 2012

Guys yes I’m still around even if not tweeting. Sorry for not sharing as I used to.

Any way here today a clean setup I got that drove me nuts as it was perfect.
Check comments in 1H charts as I prepared the trade and my first market view there before tuning using 1 min chart for the price action reading & validation.

gubusd 1h 13-4-2012 1h

gubusd 1h 13-4-2012 1min

I use 1 min chart to get last updated supply zones & resistance levels for better price action reading.
Yeah it’s Friday 13 very good day for me Clignement d'œil

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)