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Mikispag Oct 17, 2009 4:34am | Post# 1

Mikispag trading journal
 
Hi everyone,
I'm new to this forum and I'd like to publish here some ideas of trading.

Feel free to comment and contribute!

Mikispag Oct 17, 2009 6:57am | Post# 2

My view on EURUSD
 
Here is my view on EU...

Let’s have a look at the H4 chart.


http://mikitrading.files.wordpress.c...pg?w=300&h=199



EURUSD is travelling in a range of 1.49501.4850.
The 1.4850 level is not only a valid strong support and long-term keylevel but also a 23.6% Fibo retracement of 1.4479 – 1.4968.
If the 1.4950-60 level will be broken cleanly, the next near-term target would be around 1.5300.
If 1.4850 support will be violated on the downside, the bearish correction should extend to 1.4479 first, and possibly to 1.4309, as you can see in this weekly chart:


http://mikitrading.files.wordpress.c...pg?w=300&h=197


Furthermore, daily chart presents a mild bearish MACD divergence, supporting this scenario:


http://mikitrading.files.wordpress.c...pg?w=300&h=197



Happy trading!

Mikispag Sep 20, 2010 6:21am | Post# 3

EURUSD Longterm view
 
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EURUSD Longterm view

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