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- Fundi replied Sep 8, 2011
The pair is constricted by a upper trend line and is also forming a triangle pattern favoring a likely decline with short positions below 1.411. Targeting 1.401 & 1.3975 in extension. Alternatively I am biased to look above 1.411 for further upside ...
- Fundi replied Sep 7, 2011
Moving up stops to 1.4045x to cover position just in case the market flutters during Obama's speech later. Bluntly put, GOPers hoping for retreat on regulations. Nothing worse than seeing healthy green pips turn into a losing trade.
- Fundi replied Sep 7, 2011
The pair has struck against its resistance and should face further weakness. Above 1.415 look for further upside with 1.42 & 1.425 as targets.
- Fundi replied Sep 6, 2011
Retracement in play
- Fundi replied Sep 6, 2011
The ride up might be a little bumpy due to previous supports at 1.405x & 1.410x now turned resistance but my sentiment is long until 1.413, unless 1.397x is convincingly breached.
- Fundi replied Sep 6, 2011
Long — Bought off of the weekly trend-line. First targets 1.409x. Most Likely Scenario: continued Long above 1.413 with targets 1.414x, 1.4310x
- Fundi replied Sep 6, 2011
Targets — Looking for further downside with 1.41 & 1.404 as targets. Alternatively, if we have a 1HR close above 1.413, I am targeting 1.4275 & 1.4325 in extension.
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