The bullish formation on H4 has reached his target 1.2364 (the red trendline on the picture attached). Now i am looking for a retracement to go long again till 1.2800 (daily target).
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DislikedDay is not over and done ...
2012-07-26_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-30 # I45 (Text DEN)
Still valid ...
;-|Ignored
Dislikedlooking at EU upside potential.......
Firstly, looking at the last swing down from 1.348x to 1.204x - it completed a very clean 5wave trend ending in a little past the target zone which suggests that it is stretched.
within that the 5th wave 1.274x to 1.204x was itself a nice clean 5wave trend ending right at the far side of the targt zone.
As you know I was therefore expecting a correction and traded it up from the bottom - but how far do we go.....
Using standard correction analysis:
First I am looking for a correction of the last...Ignored
DislikedThe bullish formation on H4 has reached his target 1.2364 (the red trendline on the picture attached). Now i am looking for a retracement to go long again till 1.2800 (daily target).Ignored
DislikedAnd I am aware that it can go even beyond 1.2369 ...
Especially on a late crazy FRIDAY ...
;-|
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DislikedKeep in mind that she got a huge one. I have not seen it, but rumours travel fast...Ignored
DislikedAt least no need to mention ... but you can imagine that we did take further loads on board ...
Triggered @ 1.23740 and 1.23770 ...
And yes we did ... and yes we can ...
16h22 CET
2012-07-27_16h22_ EURUSD _ min015 _ (200) barchart + PSAR (Pivot)
First daily pivotal resistance has been hit and crossed ...
;-|Ignored
DislikedDon't know if you've pulled up a monthly chart for awhile, but I've been keeping an eye on the 200SMA because last time the price hit it in April 2010, we had a 3,000pip rise back up, in stages obviously, but it has hit it again, and combined with Draghi's sensational words from yesterday, the price has reacted very interestingly indeed. Early days yet I'll grant, but the last couple of days have been a bit of a feast for Bulls. Just food for thought, and a good weekend to all.Ignored