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Daily candle chart

  • #3,721
  • Nov 30, 2008 11:34am Nov 30, 2008 11:34am
The daily candlestick charts shows us a range from ~ 1,24 - 1,31.

The price is moving around the monthly 76.4 fibo level.

I think its best not to trade in the miiddle of the range, sell at the top, or buy
at the bottom, if you see a good pattern
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdday.gif Size: 12 KB
Click to Enlarge Name: eurusd4h.gif Size: 15 KB
  • #3,722
  • Nov 30, 2008 11:40am Nov 30, 2008 11:40am
the monthly and weekly candles for GU are not showing us a pattern.

The monthly has a nice long lower wick (buying pressure), but the weekly has failed a nice reversal pattern. Last thursday price was 1.553 and I thought, may be it closes on friday above the last bearish weekly candle
(this would have given us a nice bullish pattern), but price dropped back on friday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu month.gif Size: 14 KB
Click to Enlarge Name: gu week.gif Size: 11 KB
  • #3,723
  • Nov 30, 2008 11:44am Nov 30, 2008 11:44am
The daily GU price is inside a triangle build of the red and yellow line,
Watch out of a triangle break for direction of a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: guday.gif Size: 12 KB
  • #3,724
  • Nov 30, 2008 11:55am Nov 30, 2008 11:55am
EJ monthly chart is showing us both, selling and buing pressure.

The weekly chart is more indicating selling pressure. After a neutral
high wave candle we have seen last week big selling pressure.

Longterm chart is showing unclear direction. Price might bounce
upward from this level or drop sharp in the area 106-107.

Daily candles on tuesday or wednesday are better for a trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej_month.gif Size: 15 KB
Click to Enlarge Name: ej_weekly.gif Size: 14 KB
Click to Enlarge Name: ej_longterm.gif Size: 17 KB
  • #3,725
  • Nov 30, 2008 4:24pm Nov 30, 2008 4:24pm
I`am looking to hear a comment, if we see a bullish pattern on the weekly
GBP/CHF chart:

What do you think ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 10 KB
  • #3,726
  • Nov 30, 2008 5:15pm Nov 30, 2008 5:15pm
Quoting peaches
I`am looking to hear a comment, if we see a bullish pattern on the weekly
GBP/CHF chart:

What do you think ?
it looks like a Bullish pattern yes,

Bullish three inside up
Like this one http://www.candlesticker.com/Cs61.asp
Trade at Your Own Risk.
  • #3,727
  • Dec 1, 2008 12:07am Dec 1, 2008 12:07am
Quoting Marko31
it looks like a Bullish pattern yes,

Bullish three inside up
Like this one http://www.candlesticker.com/Cs61.asp

Thanks marko31, we see the same pattern.

But this brings me to a bullish pound, and makes me

Lets wait and see, what this week moves.
  • #3,728
  • Dec 1, 2008 4:13pm Dec 1, 2008 4:13pm
I think, we will soon know, if this monthly hammer of the dow will be
broken, or if it will be a successfull hammer. Watch out for the price movements around the area of the left monthly lower wick.
Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 9 KB
  • #3,729
  • Dec 1, 2008 4:20pm Dec 1, 2008 4:20pm
After this doji line or umbrella line last week, we see today a large bearish engulfing candle for today.

From point of view of candlestick there is no doubt, that there will be new lows, but this lows may last only one day, so trade carefully.

We have seen an umbralla line mid july with a 1 day bearish drop, and a sharp bullish move after this drop.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 13 KB
Click to Enlarge Name: geppy2.gif Size: 16 KB
  • #3,730
  • Dec 1, 2008 4:27pm Dec 1, 2008 4:27pm
After todays drop of UJ, we may see tomorrow retest of the end of octobers lows.

But retrace during asia session first ?
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 15 KB
  • #3,731
  • Dec 2, 2008 4:16pm Dec 2, 2008 4:16pm
Today we see a lot of indicision daily candles, for example for GU and the yen crosses:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 12 KB
Click to Enlarge Name: geppy.gif Size: 13 KB
Click to Enlarge Name: aj.gif Size: 12 KB
  • #3,732
  • Dec 2, 2008 4:18pm Dec 2, 2008 4:18pm
until there is no bullish daily pattern for the TNX, I remain bearish about my view of the yen crosses and expecting further drops.

Today the dollar index has had a daily bearish candle, but I can not see a pattern on this daily candle.
  • #3,733
  • Dec 2, 2008 4:22pm Dec 2, 2008 4:22pm
If todays eur/usd candle is a bullish engulfing candle we might see
together witzh a bearish dollar index a rising EUR/USD.

BUT: we have a rate decision of the ECB on thursday, which might end in a big drop of this cross, so a rising eur/usd on wednesday might only be a good entry point for a short on thursday.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 12 KB
  • #3,734
  • Dec 2, 2008 4:27pm Dec 2, 2008 4:27pm
I want to spot or remind on a pattern which hussin teached us for UJ, a few month ago:

On a 4 h chart a bullish or bearish candle followed by a doji means often reverse of the trend on the next 4 h candle.

We have seen a 4 h bullish candle and a doji, and the next 4 h candle was reverse in the short term trend.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 16 KB
  • #3,735
  • Dec 2, 2008 4:30pm Dec 2, 2008 4:30pm
Here is the opposite example I was talking the posting before:

http://www.forexfactory.com/showpost...postcount=2227

This pattern seems to work in both ways

Good night.
  • #3,736
  • Dec 4, 2008 5:58am Dec 4, 2008 5:58am
Quoting peaches
Here is the opposite example I was talking the posting before:

http://www.forexfactory.com/showpost...postcount=2227

This pattern seems to work in both ways

Good night.
Hi Peaches,I see Bearish for EUR
Nice chart EURCHF,Gravestone and Hanging man,I think that I can down to 150 or more
Green pips to all
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf gui ff.JPG Size: 44 KB
  • #3,737
  • Dec 4, 2008 4:14pm Dec 4, 2008 4:14pm
Quoting thang822462
Hi Peaches,I see Bearish for EUR
Nice chart EURCHF,Gravestone and Hanging man,I think that I can down to 150 or more
Green pips to all
pretty good thang, very nice !

todays candle was confirmation of hanging man,
so tommorrow might be more bearish. But if it will be bullish,
have look at the weekly: last week a shooting star ! even, if tommorrow will be bullish, there will be maximum a weekly hanging man. Over all, this looks bearish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ec1.gif Size: 14 KB
Click to Enlarge Name: ec2.gif Size: 14 KB
  • #3,738
  • Dec 4, 2008 4:16pm Dec 4, 2008 4:16pm
take care about GU, if you see this bullish hammer.

We have seen failed hammer in the past.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 12 KB
  • #3,739
  • Dec 4, 2008 4:18pm Dec 4, 2008 4:18pm
Have a look at the result of the umbrella line for geppy:

will history repeat itself complete ????
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 16 KB
  • #3,740
  • Dec 4, 2008 4:24pm Dec 4, 2008 4:24pm
Just in case GU has a bullish explosion tommorrow and reachin 1.50,
the weekly pattern will be maximum a bearish hanging man.

I think, we see a weekly bearish continuation pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
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