Dislikedbut this is very bad for bull camp GBPUSD because we see this candle (this week) is missing lower wick.Ignored
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- #2,627
- Aug 29, 2008 3:48pm Aug 29, 2008 3:48pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Have agreat time Naiji
dear peaches my good dear Bro
i will go to a small travel(two day ) in west of Iran
pls you post weekly candlestick analysis for EURUSD-GBPUSD-AUDUSD-USDYEN-NZDUSD-GBPYEN-EURYEN.
thanks for your cooperation .
i have more more green pips for dear all
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #2,628
- Aug 30, 2008 2:41pm Aug 30, 2008 2:41pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
pls attention to play a role lower wick in the past weeks
enjoy yur holiday bro
yes u 100% correct no lower wick is not good, means no rejection to the downside, this means we really in for one hell of a drop i think...anyways i need it to drop plenty to get the trend reversal...
- #2,630
- Aug 31, 2008 7:15am Aug 31, 2008 7:15am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
dear peaches my good dear Bro
i will go to a small travel(two day ) in west of Iran
pls you post weekly candlestick analysis for EURUSD-GBPUSD-AUDUSD-USDYEN-NZDUSD-GBPYEN-EURYEN.
thanks for your cooperation .
i have more more green pips for dear all
IŽll give it a try
EUR/USD - weekly and daily
I can not see a pattern on eur/usd but we notice on the weekly,
the upper wicks are going lower and the lower wicks are going lower,
so if we are short, we are on the rigth side of the weekly trend.
The longs upper wicks on the daily indicates massive selling pressure.
If the fridays candle would have been closed below wednesdays candle, we would have seen a three inside down: http://www.candlesticker.com/Cs75.asp
BUT this has not happend, because we are on a crossway and price has reached a mayor support, which can be seen on the longterm chart. The yellow trendline is holding price up a bit, but its only a matter of time (and good us data and bad eur data), an this trendline will be broken to the downside. I`am targeting 1,45 - 1,445.
This might not be reached tommorrow, because if you look a bit back left on the longterm chart, 1,46-1,47 has been in the past a bit of a consolidation area.
- #2,633
- Aug 31, 2008 8:22am Aug 31, 2008 8:22am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
eur/aud - weekly and daily:
On the weekly chart we se a high wave cande. This is an neutral candle, which needs confirmation:
http://www.candlesticker.com/Cs12.asp
The daily shows maybe a piercing line, of two candles where the bodys are building a nearly same low.
Because of the neurtal candle on the weekly, IŽll stay out of this one, There might be a bullish continuation, or a bearish trendchange - charts are not theat clear at the moment.
On the weekly chart we se a high wave cande. This is an neutral candle, which needs confirmation:
http://www.candlesticker.com/Cs12.asp
The daily shows maybe a piercing line, of two candles where the bodys are building a nearly same low.
Because of the neurtal candle on the weekly, IŽll stay out of this one, There might be a bullish continuation, or a bearish trendchange - charts are not theat clear at the moment.
- #2,635
- Aug 31, 2008 10:56am Aug 31, 2008 10:56am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
eur/jpy: weekly - daily - longterm - 1h:
On the weekly chart we see a continuation of the bearish trend
after last weeks bearish candle. Every weeky is bringing us ~300 pips
lower.
The daily chart shows us, that price is on a support level,
where it might bounce from a bit, but if we zoom in in the 1 h chart,
we see a very good downtrending channel. I marked with the yellow line the middle of the channel, where near a ~50% or 38.2 fibo retracement, there might be a good selling oportunity.
Where will all this end ? The longterm chart shows us, that there is a lot of room below the price where it might go. 1,70 is not an option at the
moment
On the weekly chart we see a continuation of the bearish trend
after last weeks bearish candle. Every weeky is bringing us ~300 pips
lower.
The daily chart shows us, that price is on a support level,
where it might bounce from a bit, but if we zoom in in the 1 h chart,
we see a very good downtrending channel. I marked with the yellow line the middle of the channel, where near a ~50% or 38.2 fibo retracement, there might be a good selling oportunity.
Where will all this end ? The longterm chart shows us, that there is a lot of room below the price where it might go. 1,70 is not an option at the
moment
- #2,636
- Aug 31, 2008 11:18am Aug 31, 2008 11:18am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
geppy - monthly - weekly - daily:
The monthly chart shows us a very nice ~1.600 pip drop
as an bearish engulfing candle. This signals, there are more bearish movements to come. The price has just reached an area where it has been rejected before, if we look back in time on the monthly.
The weekly and daily chart shows us, if this support is broken,
the price might be able to form a nice long lower wick.
The magical 200 area may now form a resistance, so I think there will be more bearish movements in the week ahead.
The monthly chart shows us a very nice ~1.600 pip drop
as an bearish engulfing candle. This signals, there are more bearish movements to come. The price has just reached an area where it has been rejected before, if we look back in time on the monthly.
The weekly and daily chart shows us, if this support is broken,
the price might be able to form a nice long lower wick.
The magical 200 area may now form a resistance, so I think there will be more bearish movements in the week ahead.
- #2,638
- Aug 31, 2008 11:54am Aug 31, 2008 11:54am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
USDJPY: monthly - weekly- daily
On the monthly chart we see the selling preasure of the bears forming a nice
long upper wick. Coincident around the monthly 38. fibo level.
The weekly chart is easier to read, with this 2 hanging man, and last
weeks bearish candle whitch seems to confirm an starting downtrend.
On the daily chart we see also from viewpoint of candlesticks, a nice
long legged doji on thursday and confirmation of a fall from fridays bearish candle.
But, what scares me, is, that we have this uptrending channel (yellow), which is not broken yet. We need an bearish USD for a nice drop, and a change of major trend. I have a sell limit order at 108 targeting 107 just in case, that this channel is broken.
- #2,639
- Aug 31, 2008 12:10pm Aug 31, 2008 12:10pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
peaches i think yur contribution to this thread is amazing and id like to personally say "thank u"....yur a credit to hussin thread..
- #2,640
- Aug 31, 2008 12:53pm Aug 31, 2008 12:53pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
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