Comments on: EUR/USD: Strong technical resistance at 1.3145; short-term indicators overbought https://fxww.com/eurusd-strong-technical-resistance-at-1-3145-short-term-indicators-overbought/ The Professional Source Sun, 16 Sep 2012 23:23:47 +0000 hourly 1 By: Jason Jin https://fxww.com/eurusd-strong-technical-resistance-at-1-3145-short-term-indicators-overbought/#comment-98 Sun, 16 Sep 2012 23:23:47 +0000 http://fxww.dreamhosters.com/?p=363#comment-98 Oh Great! Thanks Sean.

]]> By: Sean Lee https://fxww.com/eurusd-strong-technical-resistance-at-1-3145-short-term-indicators-overbought/#comment-97 Sun, 16 Sep 2012 23:19:22 +0000 http://fxww.dreamhosters.com/?p=363#comment-97 Sure Jason, that happens all the time. From a tech perspective we like to see a high forming; so on 30 min chart you need a high near relevant level and then two lower highs to right hand side (so basically you have to wait for an hour). If the market breaks sharply lower during that hour then we probably miss the opportunity but that happens a lot as well 🙂

]]> By: Jason Jin https://fxww.com/eurusd-strong-technical-resistance-at-1-3145-short-term-indicators-overbought/#comment-95 Sun, 16 Sep 2012 23:06:26 +0000 http://fxww.dreamhosters.com/?p=363#comment-95 Sean, I have a question here. How do you judge for a pair fails at certain level? for example, in this case, it could fail at first test but then 30 minutes later it could break.

]]> By: Sean Lee https://fxww.com/eurusd-strong-technical-resistance-at-1-3145-short-term-indicators-overbought/#comment-94 Sun, 16 Sep 2012 22:59:30 +0000 http://fxww.dreamhosters.com/?p=363#comment-94 Two possibilities Jason. The safer one is, based on strong uptrend, wait for test of 13145 and if that fails again you sell with tightish stops above highs. Second is you watch hourly chart and as soon as it starts to look bearish, you revert to sell-rally mode with s/l above 13150ish. That’s how I see it++

]]> By: Jason Jin https://fxww.com/eurusd-strong-technical-resistance-at-1-3145-short-term-indicators-overbought/#comment-93 Sun, 16 Sep 2012 22:55:53 +0000 http://fxww.dreamhosters.com/?p=363#comment-93 Sean, does it mean go short at current level and put a s/l above 1.3145 is acceptable?

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