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Daily candle chart

  • #11,681
  • Jun 11, 2011 9:04am Jun 11, 2011 9:04am
Quoting Bones
On what time frame do you guys see pullback ?
CABLE..approaching TL..

USD Spot.png
Attached Image (click to enlarge)
Click to Enlarge Name: USD Spot.png Size: 9 KB
  • #11,682
  • Jun 11, 2011 9:09am Jun 11, 2011 9:09am
Quoting Bones
On what time frame do you guys see pullback ?
Tony..
i would have prefered to see the LOW OF PREVIOUS WEEKLY CANDLE TAKEN out..BUT lets see what next few days bring

USD Spot.png


take care and have a great week
Attached Image (click to enlarge)
Click to Enlarge Name: USD Spot.png Size: 10 KB
  • #11,683
  • Jun 11, 2011 9:15am Jun 11, 2011 9:15am
Quoting Bones
On what time frame do you guys see pullback ?
BREAK to above ..and NOW a RETEST ????

will wait for CANDLES to light the way..


baz


USD Spot.png
Attached Image (click to enlarge)
Click to Enlarge Name: USD Spot.png Size: 9 KB
  • #11,684
  • Jun 11, 2011 9:25am Jun 11, 2011 9:25am
In all honesty I dont think that TL will hold at all Baz consider the fact that if price goes there it is weakened by recent touch ,probably there will be a reaction but I would see it as false
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd w1 11-6-11.gif Size: 16 KB
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  • #11,685
  • Jun 11, 2011 9:30am Jun 11, 2011 9:30am
It mast be christmas

Quoting Bones
has broken wedge to the upside ,currently just over last week bearish candle ,lets be honest it will close over that ,
Attached Image (click to enlarge)
Click to Enlarge Name: usd-lfx w1 11-6-11.gif Size: 18 KB
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  • #11,686
  • Jun 11, 2011 9:37am Jun 11, 2011 9:37am
Quoting Bones
In all honesty I dont think that TL will hold at all Baz consider the fact that if price goes there it is weakened by recent touch ,probably there will be a reaction but I would see it as false
Yes..thats why i will wait... i want to see the Previous swing LOW taken out, and obviously will look to sell RALLIES based on CANDLESTICK patterns..
However Euro is my prefered Trading PAIR as it has trended well ..CABLE can go into consolidation phases..
But lets wait on next few days...
Take care
and look foreward to your Analysis in coming Days

baz
  • #11,687
  • Jun 11, 2011 9:38am Jun 11, 2011 9:38am
Quoting Bones
It mast be christmas
This is VERY BULLISH..and as per $$ INDEX. at a good location for a turn

baz
  • #11,688
  • Jun 11, 2011 9:41am Jun 11, 2011 9:41am
Aslo Baz ,the gbp is not bullish


Quoting baz
This is VERY BULLISH..and as per $$ INDEX. at a good location for a turn

baz
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  • #11,689
  • Edited 1:48pm Jun 11, 2011 1:35pm | Edited 1:48pm
I can not see anthing bullish here ,I think we will test lows
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Click to Enlarge Name: gbp lfx w1 11-6-11.gif Size: 23 KB
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  • #11,690
  • Jun 11, 2011 2:13pm Jun 11, 2011 2:13pm
dark cloud cover ,with upper wick I think shows aggression
Attached Image (click to enlarge)
Click to Enlarge Name: eur-lfx w1 11-6-11.gif Size: 24 KB
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  • #11,691
  • Jun 11, 2011 2:32pm Jun 11, 2011 2:32pm
Quoting Bones
On what time frame do you guys see pullback ?
daily:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 22 KB
  • #11,692
  • Jun 11, 2011 2:33pm Jun 11, 2011 2:33pm
the eur is the more bearish currency
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp w1 no 2 11-6-11.gif Size: 16 KB
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  • #11,693
  • Jun 11, 2011 2:34pm Jun 11, 2011 2:34pm
Hi Peter do you think 50% retrace?


Quoting peaches
daily:
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  • #11,694
  • Jun 11, 2011 2:41pm Jun 11, 2011 2:41pm
im looking at that candle from friday I think will take easy
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  • #11,695
  • Jun 11, 2011 2:43pm Jun 11, 2011 2:43pm
Quoting Bones
Hi Peter do you think 50% retrace?
It would be an area where buyers might step in.

We have time enough on the monthly to go up again, and then big down...

Lets see what candles tell us.

Have a look at the eur/chf 4 h and chf/lfx weekly.

Will post more on monday.

USD/lfx is at a weekly resistance, not sure if it is broken.

But of course we have a bullish engulfing, and a double bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.gif Size: 23 KB
  • #11,696
  • Jun 11, 2011 2:51pm Jun 11, 2011 2:51pm
I think eur usd 50% is a good place to stop maybe a little retrace up from there ,but I think $ has shown its hand and that the monthly inverted hammer is in play ,my guess is straight to target
Attached Image (click to enlarge)
Click to Enlarge Name: usd -lfx d1 11-6-11 no 2.gif Size: 19 KB
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  • #11,697
  • Jun 12, 2011 6:13am Jun 12, 2011 6:13am
The Aud has closed under 1.6900 ,I think target is 1.6500


Quoting Bones
I mean the Aud looks bearish on weekly ,currently at a nice round number
Attached Image (click to enlarge)
Click to Enlarge Name: aud -lfx w1 11-6-11.gif Size: 19 KB
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  • #11,698
  • Jun 12, 2011 6:21am Jun 12, 2011 6:21am
I think you are right about the NZD Peter it is bullish ,not neceassarly a good currency to short ,overall I think the month high would be 1.3400 max ,there is a lot of res above which could cause the NZD problems on break ,and already a lower wick on the monthly
Attached Image (click to enlarge)
Click to Enlarge Name: nzd lfx d1 11-6-11.gif Size: 25 KB
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  • #11,699
  • Jun 12, 2011 6:31am Jun 12, 2011 6:31am
on the neck ? continuation pattern
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd w1 12-6-11.gif Size: 15 KB
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  • #11,700
  • Jun 12, 2011 4:36pm Jun 12, 2011 4:36pm
Daily plan ,right now right on the tl in my book ,thats why you see hourly reaction ,

Quoting Bones
In all honesty I dont think that TL will hold at all Baz consider the fact that if price goes there it is weakened by recent touch ,probably there will be a reaction but I would see it as false
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD D1 12-6-11.gif Size: 20 KB
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