Hi
you can see the the 9 pairs analyze in this link
you can see the the 9 pairs analyze in this link
Attached Image (click to enlarge)
- #183,983
- Jan 22, 2010 11:22am Jan 22, 2010 11:22am
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #183,984
- Jan 22, 2010 11:24am Jan 22, 2010 11:24am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #183,985
- Jan 22, 2010 11:27am Jan 22, 2010 11:27am
- | Joined Jun 2008 | Status: Trader | 1,017 Posts
Hi
you can see the the 9 pairs analyze in this link
- #183,988
- Jan 22, 2010 11:30am Jan 22, 2010 11:30am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Hello all. With my trading week complete and profit levels achieved, thought I'd post my analysis for next week's opening or even possibly the last few hours of this US session.
Earlier this week we broke out of the consolidation range that appeared to be a bear flag on the daily charts(red lines range). This break was so decisive, we still have not seen a retest of the breakout wall (area of interest #2). If we do reach that level, and then turn back south towards new lows, it will truly mark the start of a reversal on the larger time frames. If we break up through that level hard, it will suggest the bull is still strong and this week was nothing more then a break in action.
The PA that lead to a break down is also within a channel (green trendlines) that has been respected pretty well all week with pa hugging the lower wall. Now we are consolidating towards the upper wall in what also appears to be a bear flag. This is worth noting because if the "area of interest #1" gets reached in this bear flag consolidation manner, that may prove to be the next great selling point.
Overall my sentiment is quite bearish and will be looking for selling opportunities at the areas of interest early next week.
Good pippin all and have a nice weekend.
Earlier this week we broke out of the consolidation range that appeared to be a bear flag on the daily charts(red lines range). This break was so decisive, we still have not seen a retest of the breakout wall (area of interest #2). If we do reach that level, and then turn back south towards new lows, it will truly mark the start of a reversal on the larger time frames. If we break up through that level hard, it will suggest the bull is still strong and this week was nothing more then a break in action.
The PA that lead to a break down is also within a channel (green trendlines) that has been respected pretty well all week with pa hugging the lower wall. Now we are consolidating towards the upper wall in what also appears to be a bear flag. This is worth noting because if the "area of interest #1" gets reached in this bear flag consolidation manner, that may prove to be the next great selling point.
Overall my sentiment is quite bearish and will be looking for selling opportunities at the areas of interest early next week.
Good pippin all and have a nice weekend.
Different opinions highly valued, ignorant to slander.
- #183,990
- Jan 22, 2010 11:34am Jan 22, 2010 11:34am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #183,991
- Jan 22, 2010 11:36am Jan 22, 2010 11:36am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
not good time for short
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #183,994
- Jan 22, 2010 11:36am Jan 22, 2010 11:36am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #183,997
- Jan 22, 2010 11:47am Jan 22, 2010 11:47am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
