EurAnalysis | Page 1761 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #35,201
  • Jun 8, 2012 7:23am Jun 8, 2012 7:23am
if that week ends with a hummer we might have a trend reversal ... thats i see on weekly chart .. the most of the time weekly hummer bring reversal..trend....is that a true or is just in my imagination..??...
  • #35,202
  • Jun 8, 2012 7:24am Jun 8, 2012 7:24am
Quoting Cgb
Morning FX. We could potentially be heading back to Daily S2 at 1.24915 before we drop again. I just closed 50% of my three shorts for gains of +124, +110 and +93, so pretty happy for one day's work (it made my week ).
Those who say it cannot be done should not interrupt those who are doing it
  • #35,203
  • Jun 8, 2012 7:24am Jun 8, 2012 7:24am
Quoting PipTrapper
If the Canadian jobs number comes out less than expected, the loonie is going underwater. That would be a nice USD?CAD long to 105.50... Food for thought.
I have my first target @ 1.0500.
  • #35,204
  • Jun 8, 2012 7:28am Jun 8, 2012 7:28am
Descending triangle on the 5M chart. This is a continuation pattern (down in this case ). See http://stockcharts.com/school/doku.p...nding_triangle_ for more.

Let's see if it breaks 1.2453 resistance...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Jun08_0823.gif Size: 91 KB
I observe your reality but live my own.
  • #35,205
  • Jun 8, 2012 7:39am Jun 8, 2012 7:39am
Quoting Cgb
Descending triangle on the 5M chart. This is a continuation pattern (down in this case ). See http://stockcharts.com/school/doku.p...nding_triangle_ for more.

Let's see if it breaks 1.2453 resistance...
Well spotted. I hope it is a matter of time and not if. Our US brethren ought to join in on this bear party.
  • #35,206
  • Jun 8, 2012 7:44am Jun 8, 2012 7:44am
Quoting Unknownpips
Well spotted. I hope it is a matter of time and not if. Our US brethren ought to join in on this bear party.
I observe your reality but live my own.
  • #35,207
  • Jun 8, 2012 7:48am Jun 8, 2012 7:48am
Can anyone confirm that a bearish pennant is forming on the EJ H1 chart?

Tx
  • #35,208
  • Jun 8, 2012 7:49am Jun 8, 2012 7:49am
it sims like w pivot it is a verry big wall and bear cannot climb it... but i like that it keep testing keep trying..
  • #35,209
  • Jun 8, 2012 7:54am Jun 8, 2012 7:54am
Quoting aurel_79
it sims like w pivot it is a verry big wall and bear cannot climb it... but i like that it keep testing keep trying..
Looks like he's might have found a way over the wall....
  • #35,210
  • Jun 8, 2012 7:54am Jun 8, 2012 7:54am
President Hussein Obummer news conference about the economy and situation in Europe at 10:15 est.
  • #35,211
  • Jun 8, 2012 8:06am Jun 8, 2012 8:06am
I don't think I've ever seen bonds AND safe haven currencies as the top 4 items for the day. Put on your pit helmets boys and girls...
Attached Image (click to enlarge)
Click to Enlarge Name: Futures_Jun08_0902.gif Size: 68 KB
Attached Image
I observe your reality but live my own.
  • #35,212
  • Jun 8, 2012 8:07am Jun 8, 2012 8:07am
Quoting forextraderx
Actually, I'm counting on a false breakout.... if I was in the mood, i'd go long right around 2440ish... but i'd rather plan for a short off a bounce there.

guess we'll find out over the next couple of hours.

X
Well... this may have been it. do I win the deadpool for being closest to the lowest price if this holds for the day???

X
  • #35,213
  • Jun 8, 2012 8:08am Jun 8, 2012 8:08am
Quoting HombreAlto
Looks like he's might have found a way over the wall....
yep.. but didn"t like there under the wall maby some bulls scared the bears..... or get back to gain more str8 for next wall daily s3
  • #35,214
  • Jun 8, 2012 8:09am Jun 8, 2012 8:09am
Quoting Cgb
I don't think I've ever seen bonds AND safe haven currencies as the top 4 items for the day. Put on your pit helmets boys and girls...
http://ecx.images-amazon.com/images/...500_AA300_.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #35,215
  • Jun 8, 2012 8:14am Jun 8, 2012 8:14am
Quoting Cgb
I don't think I've ever seen bonds AND safe haven currencies as the top 4 items for the day. Put on your pit helmets boys and girls...
Hmmm... IMO...seems ripe for a small bounce then at least.... ::::

X
  • #35,216
  • Jun 8, 2012 8:15am Jun 8, 2012 8:15am
Quoting aurel_79
yep.. but didn"t like there under the wall maby some bulls scared the bears..... or get back to gain more str8 for next wall daily s3
Looks like the bear is sitting on top of the wall but it's a loooooooooooooooooooooooooonnnnnnnnnnnnggggggggggggggg way down on the other side.............
  • #35,217
  • Jun 8, 2012 8:17am Jun 8, 2012 8:17am
Quoting HombreAlto
Can anyone confirm that a bearish pennant is forming on the EJ H1 chart?

Tx
Try focus on Daily Pattern,the breaking daily pattern would give you around 400-600 pips in a single trade if you can spot it well,patient needed
If there was easy money lying around,no one would be forcing it into your
  • #35,218
  • Jun 8, 2012 8:22am Jun 8, 2012 8:22am
Quoting PipTrapper
http://ecx.images-amazon.com/images/...500_AA300_.jpg
Luke... I am your father... Let me show you the way... DOWN!

I observe your reality but live my own.
  • #35,219
  • Jun 8, 2012 8:23am Jun 8, 2012 8:23am
Quoting FXMindset
Try focus on Daily Pattern,the breaking daily pattern would give you around 400-600 pips in a single trade if you can spot it well,patient needed
Tx FX
  • #35,220
  • Jun 8, 2012 8:27am Jun 8, 2012 8:27am
The following are just possibilities. I am playing the devil's advocate here for a case of NY seeing current risk assets as cheap... or current bears looking to take some profit off the table before the weekend.

On H1 it is quite possible that we may get to draw the right shoulder of an H/S pattern. If So, we could get a bounce back up to as high as 1.2515. The current sentiment does not look that ripe for it but if the big players decide to cash in some profits on their shorts today, we may just start the process of getting there. However, we won't get that high today without breaking back into the rising channel.

E/U H1
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1.gif Size: 67 KB


The broken rising channel (RC-1) support needs to hold as strong resistance in order to keep the bears in control mid term. It also just so happens that the 1.2525 target mentioned above for the top of the right shoulder, is exactly at the 261.8% fibo. If price does not go back in to the channel, then it leaves room for a full right shoulder to be drawn next week... or maybe we just won't get a right shoulder at all. There... How's that for an idea? I like it

E/U H4
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h4.gif Size: 53 KB
Those who say it cannot be done should not interrupt those who are doing it
18 traders viewing now