EURUSD

Morning all . hope done well last week .I see many shorts tp 1.4340 area left last night .As this level played there seems good chance it will retrace sufficiently before continue down again , perhaps till 1.4444. 1.4357 should be there before the go , so any shorts left can have the chance tp.See different looks in different charts .
fontu

This is the move that I am anticipating at the moment.

http://i677.photobucket.com/albums/v...eurusdidea.gif

Congrats to them...

Google or China.

Time will tell, but I guess google can wait.

Reading between the lines!

With 5,000 years of history, China can outwait anybody.

mm..4580-4650/60 next.........

As always, very good evaluation!
My week was very good - had estimated the € very negative and proved right. At the moment, have unimportant bad news for the € large impact. And the bad news does not affect important postiv for the $. I think that after the consolidation trend continues. Next up to 4220 area...double bottom or.....we will see!

I wish a successful next week

hi there do you think that is it for the downside and its going up now

Alright, I would like to share some of my trading thoughts since I have not been doing it for quite some times and I happen to feel generous today and you can ignore them to your own detriments.

E/U- Current trend is similar to Prevailing trend which is bearish. Retracement Trigger Level for Current trend is @ 14455 and 14655 for Prevailing trend. Trigger levels can also be use as resistant levels becos even if its breached, Price will always pullback to fibo levels before taking on its new intended course/path. Therefore its always safer to established s/t trade set-ups leading to or from the trigger levels or even better still is to wait for new trade set-ups after triggers have been breached or violated.

The ATR for this pairs is 120-220 Pippage for retracement level from trough to peak and 600-1100 Pippage for m/t Prevailing Trend. So if the Prevailing Trend Trigger level is breached @14655 level, we can kiss goodbye to 14400 handle and hello to the next new higher level @15690. And if the retracement level of 14455 is breached, PA will travel north in another attempt to take out the Prevailing trend trigger. (low probability)

Intraday Retracement Trigger is always dynamic and so is the S/R trigger levels as compared to the Prevailing trend trigger as PA tend to consol most of the times. T/Ls are for markers to show the daily chops of the PA and to be used only for scalpers and those who are not familiar with the stopover levels becos T/Ls are there to be breached with times.

Always make sure to learn how to plot with your fibs TOGETHER with a Momentum indicator so you will be precise and spot-on with all your stalling, pullback, retracement and reversal levels for both Intraday, Midterm, and Longterm Trend outlooks. Never use any standalone indicator without knowing the weakness and strength of the prevailing and current Momentum or you are destined to fail. The KEY is in the momentum which in turn determine the right timings and I have often wondered why so few traders are using it.

U/J have just turned negative and its new Prevailing Trend trigger is now @9218 level with next lower handle @8700-8800 levels.
G/J have morphed into a neutral consol mode with the upper trigger capped @15025level and a lower trigger @14580level.
G/U have just turned positive gunning for the higher consol level located @167/80 level capped by 17036level. The lower trigger is currently located@16180 level.

Wow, did not realised I am in such high energy level to post all these rubbishes . Take it as a rare treat(trix)

GL..... trade well and cheers...............

no need to say anymore or do i

Delete your post please

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Ok now we return you to your original program......

what do you need . it s simple ew count . i hope it s correct

EW Counting is almost never correct because of the numerous ways you can do it, you can start counting from anythere.. and therefore, i.t's not always accurate.

good luck anyways!

and as for the eurusd..

Price have not made any significant lower low
price was rejected from the bottom of the channel it was into
therefore, eurusd is still into a range, bulls are favored because of the breakouts it made earlier this week!
breakout of this channel will trigger bearish scenario, but till that happens, bulls are in action now..
good luck

hi fayzor . you have a bearish flag pattern . 1.4450 is broken to the downside and as long as this level intact downside will continue . it will go up to test this line but that is a short term bull then it ll collapse from there . thats my opinion based on divergence hidden divergence , ew. fibs . i sent a chart of 4h i couil be wrong in this but i m willing to take the risk . thx for the comments on it anyway and good luck

Looked in this morning and see that my first long @ 4350 was triggered before market closed yesterday. I have another long waiting at 4300. TP for both near 4560. This is a nice set up for a swing trade from the daily charts. If this works out and a new swing high is made, it seems likely the the Euro will have once again started it's slow, relentless grind north. Last time that grind lasted for almost 8 months! Good trades to all----

Regards

I think you are correct though there many ways to count it at any time .

here is my count :

fontu

Hey,

regarding the bearish flag pattern, what we have on the h4 chart is not a valid one, and regarding the 1.4450 level... that level is not that important as you think it is for the LT bears traders, whom traded the 1.4450 short are almost already out, and waiting to see if we will break out of the channel, a retest of 1.4450 is very common now, and watching PA there will give us a better idea if we will continue heading north to a new high this month, or if we will go low and test 1.4250.. 1.4250 is the level you should be watching to decide being a LT bear on this pair and not 1.4450.. gl mate ^_^

hi fonto your wave b from 1.4580 to 1.4220 area is in 5 waves impulse pattern which makes invalid and i ve never seen wave a in this sort of double zz its invalid . the pattern what we had is wave 4 in wxy finished
at 1.4580 area .