EURUSD

I think I see a reversal pattern right now, with pincer rejection at top forming double top.

You're right of course but if it gets there then I (or rather the ellipse that this setup is taken from) expects it to keep going.

I hope this isn't a day of perfect entries and worst possible exits!

Do you have a link on that one?

good going shorts perhaps 20pips now & want to see how reacts 1.3623 , it should break ultimatly & more shorts will be added then .

I dont have the info here but there is another report here...

07:51 GMT - Eastern European demand for [EUR/USD] has been witnessed throughout
the early part of European trade, with offers at 1.3630 soaked up
initially before stops through 1.3640 were taken out. However, similar
names have reverted to sellers in recent trade, helping to cap gains
around the 1.3650 high for now. Option interest has seen decent buyers of
10 day 1.3700 strikes trading in good size so far this session, whilst
later on, Eur 750-1bln of 1.3600's expire.

Time for another run at the high...

I am out +24

near to it

H&S formation in lower time frame, break below 1.3637 and a see a lot of short players taking it. I am long from here (risky) with loose SL for a double top to be taken out today

don't think so much may be few pips , it should be 1.3623 to up 1.3652
fontu

PT :3618

USD got swine flu

opened fire short @ 1.3667.

Euro last upmove failure to take out 13685 to reconnect with m/t bullish mom not a good sign for my m/t bulls........

Nice to see Market letsen to the old line

Close my yesterday position with 70 pips


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Gartley Patterns

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i will short if price retest the top again

BERLIN (Reuters) – The downward trend in the financial crisis is easing and national economic stimulus packages are starting to work, billionaire investor George Soros was quoted as saying by a German newspaper on Monday.
Soros also told the Frankfurter Allgemeine Zeitung daily that Asia would be the first region to pull out of the crisis and China was set to overtake the United States as the engine of world growth.
"The economic freefall has been stopped, the collapse of the financial system averted. National economic stimulus programs are starting to take effect. The downward dynamic is easing," Soros told the newspaper.
"I expect the recovery to make up for around half of the downturn we have had and then to move into stagnation," Soros said. "Asia will be first to find out of the crisis, but America is also currently doing that."
Soros said the U.S. dollar was already weak, adding: "I don't expect the dollar to lose much value against the euro, on the contrary."
Soros said the financial crisis had shown that it was a big advantage for weak countries to be part of the euro system.
"But the crisis should motivate Germany as the strongest country to make proposals for a more efficient euro system. I am missing leadership from the German government on this," Soros said.
"Germany should no longer reject the issuance of European Union bonds," he said.
(Reporting by Kerstin Gehmlich and Madeline Chambers, editing by Mike Peacock)


http://news.yahoo.com/s/nm/20090511/...JiQ1MOmYOyBhIF

subject to error , price gone up much higher & it seems that the bullish pattern already completed hurriedly and all shorts closed with little profit only or some loss .

For not following DAX we are quite good at following it

DAX is really strong today...