EUR/USD Caught up with the rest EUR pairs by making a fresh HH and it is currently at a 23% fib rejection.
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- #4,441
- Mar 17, 2011 9:25pm Mar 17, 2011 9:25pm
- | Commercial User | Joined Feb 2009 | 5,030 Posts
- #4,442
- Mar 17, 2011 9:32pm Mar 17, 2011 9:32pm
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- #4,443
- Mar 17, 2011 10:04pm Mar 17, 2011 10:04pm
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GBP/USD Comfortably at the middle of the range
- #4,444
- Mar 18, 2011 6:43am Mar 18, 2011 6:43am
- | Commercial User | Joined Feb 2009 | 5,030 Posts
The EURO may be getting ready for a bigger Bullish Rally.
The following table shows the strong positive correlation between those pairs in a Daily TF.
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EUR/AUD Is coming from an UTL channel retest and just broke previous top
#4399
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EUR/CAD Is currently testing a Major TL but the break of previous Resistance may favor the TL break
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EUR/GBP made an inverted...
EUR/AUD Next resistace around 1.4500, 61% Fib + Pattern + Round Number
EUR/CAD Next Resistance around 1.4000, Previous Top + Round Number
EUR/GBP Next Resistance around 0.8800, Previous Top + 78% Fib + Round Number
EUR/NZD Next Resistance Around 2.0000, Previous Top + Psycho Number
EUR/USD Next Resistance around 1.4280, Weekly TL + Previous Top
- #4,447
- Mar 19, 2011 11:29am Mar 19, 2011 11:29am
- | Commercial User | Joined Feb 2009 | 5,030 Posts
We had a difficult week and made the mistake of deal with the Yen crosses but manage to recovered with this setup:
EUR/CAD We were expecting a TL test and a possible break as well because Resistance just below it was broken and the EURO was gaining strength against many pairs
The setup was sent on March 16th. TL broke as expected with a powerful Bullish PA. Our entry was backed up with the confluence between 23% Fib + TL as retest + round number. The risk (35 Pips only) was really small compared to the reward.
Our entry was triggered and price was quickly rejected. The SL was set to +25 at this point
Pair kept on going our way and the SL was set to +40
ECB President Jean-Claude Trichet was due to deliver a speech titled "What is the future for the Euro?" On Friday at 11:00 PM EST. We expected some volatility, for this reason the SL was set to +185 (1.3885)
Pair kept on Bullish and the setup was closed just before Target at +250 with a drawdown of only 14 pips. (setup was close because of the weekend)
EUR/CAD We were expecting a TL test and a possible break as well because Resistance just below it was broken and the EURO was gaining strength against many pairs
EUR/CAD Is currently testing a Major TL but the break of previous Resistance may favor the TL break
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Our entry was triggered and price was quickly rejected. The SL was set to +25 at this point
Pair kept on going our way and the SL was set to +40
ECB President Jean-Claude Trichet was due to deliver a speech titled "What is the future for the Euro?" On Friday at 11:00 PM EST. We expected some volatility, for this reason the SL was set to +185 (1.3885)
Pair kept on Bullish and the setup was closed just before Target at +250 with a drawdown of only 14 pips. (setup was close because of the weekend)
- #4,448
- Mar 19, 2011 11:37am Mar 19, 2011 11:37am
- | Commercial User | Joined Feb 2009 | 5,030 Posts
- #4,449
- Mar 19, 2011 11:50am Mar 19, 2011 11:50am
- | Commercial User | Joined Feb 2009 | 5,030 Posts
CAD/CHF Missed by few
Setup met its Technical Target
Setup met its Technical Target
- #4,450
- Mar 19, 2011 11:55am Mar 19, 2011 11:55am
- | Commercial User | Joined Feb 2009 | 5,030 Posts
CAD/JPY Missed by few
Technical target met
Technical target met
- #4,452
- Mar 21, 2011 4:19pm Mar 21, 2011 4:19pm
- | Commercial User | Joined Feb 2009 | 5,030 Posts
- #4,453
- Mar 21, 2011 8:24pm Mar 21, 2011 8:24pm
- | Commercial User | Joined Feb 2009 | 5,030 Posts
EUR/JPY Testing Resistance
- #4,454
- Mar 21, 2011 8:26pm Mar 21, 2011 8:26pm
- | Commercial User | Joined Feb 2009 | 5,030 Posts
CHF/JPY 91.50 as Key Level
- #4,455
- Mar 21, 2011 8:44pm Mar 21, 2011 8:44pm
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GBP/USD Possible break, next Resistance around 1.6720's
- #4,457
- Mar 21, 2011 9:35pm Mar 21, 2011 9:35pm
- | Commercial User | Joined Feb 2009 | 5,030 Posts
USD/CHF 0.8780's may be next support
- #4,458
- Mar 21, 2011 10:00pm Mar 21, 2011 10:00pm
- | Commercial User | Joined Feb 2009 | 5,030 Posts
GBP/CHF
- #4,459
- Mar 22, 2011 12:32am Mar 22, 2011 12:32am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
