EURUSD

...

eur/usd is in a very long term consolidation pattern from the all time high at 1.6035. She has made lower highs at 1.5141 and 1.4938.
The red 200 sma is located around 1.2056 area.
The 50% fib of the decade long uptrend is sitting around 1.2155 area.
To finish the long term consolidation pattern, the price should eventually touch the 2 previous swing lows at 1.1875 and 1.1640 over time.
If we see a break of the red 200 sma, then these 2 swing lows are in play.
The 61% fib is located 1.1228 or so.

If the red 200 sma holds here as support, she should pull back to re-test the previous swing lows around 1.2350/1.2400 area.

Stategy: sell into pull backs until a short term/mid term bottom is confirmed.

do you think she will reach 1.2230 on monday bcs of spain bailout approval?

Things are becoming worst.
Look to what is happening to Spain and that seems is only the begining.
So in next days maybe we can see 1.20 and down related with a bearish break.

1.2130 is the most important point on my higher time frame charts. It's the pair's historical medein point. Make or break.

Makes me proud
You just can't keep a good Aussie down

I like Australia since i was a Kid.

Sorry for the OT but its weekend..

He, he, so cool..

Better ?

How price reacts to the 1.203xx - 1.185xx area should tell us something about what happens next. The next lower target I have is 1.167xx. While also keeping an eye on the next "time element" around early September.

"Additional Explanation"

Hi ...

Very easy ...

2012-07-20_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-30 # AZ1 (Text DEN)

It is to be observed in that major sub-table for the daily time frame ...

As you can see there are four sub-tables from the left side of the page to the right side of the page ... 1 + 2 + 3 + 4



1 + 2

You can observe Daily Pivots, Écart Sequences, Fibonnacci-Sequences (1 valid for the previous day + 2 and for the day ahead) ...



3

Then same way Weekly Pivots, Écarts, Fibs ...



4

And then Monthly Pivots, Écarts and Fibs ...



###


For us the most important one is sub-table number 2 ... as it shows the Daily Pivots which are valid for Monday of week no. 30 in 2012 ...

The Daily Levels are always the ones with hihgest relevance and highest reliability ... also known as "Master Keys" ...

You can observe three columns there ...

First column shows "classic pivot levels" with Sup 1, Sup 2, Sup 3 ... central pivot point ... and Res 1, Res, 2, Res 3 ... (always 9 numbers from top to bottom)

Second column shows "écart point levels" with supports and resistances in a similar way ... and they are to be considered as a kind of additional derivate which goes hand in hand with our "classical pivot levels" ... just in order to get some more accurate determination of the situation ...

And there you can see that number 1.2130 at the place number 8 (from those 9 numbers from top to bottom) which represents exactly that level as mentioned in the text ...

I do refer almost everytime only to one of those numbers as shown in exactly that sub-table number 2 ... and to one of those three columns ...

Moreover you can always see there our Fibonnacci-Sequences and this number 1.2130 is settled next to our fibonnacci-ratio 1.2128 (-11.9 %) which reinforces this assumption ...

###

Then you can see here ... a sell the rallies strategy is prefered as long as the market remains capped below EOD-Stop 1.2263 (see row 57) ...

Daily stance is bearish (-09) as shown in row 58 under the sub-frame for tomorrow ...

And immediate trend potential remains bearish as long as below approx. 1.2194 area ... a number you can see in row 45 under the daily sub-frame for the day ahead ...

Otherwise while it stays above 1.2126 (key-point for trend determination in row 45) it can pop up later towards 1.2207 - 1.2221 or 1.2246 ... as you can observe those levels in sub-frame for tomorrow there ...

This is a seven methods compact survey (simplified summary) and therefore you do have a few hints on Elliott approach too ...

On a daily basis it points down towards 1.2063 for example ... see projections in row 32 and row 47 ...

On a monthly basis it points down towards 1.2091 for example ... see projections in row 32 and row 47 ...





palim palim





;-|

No no no ... maybe this is good record ...

Weniger ist mehr ... "Less is More" we do say in such cases ...

Still the best on FF. Find a more visitors frequent another thread?

http://www.forexfactory.com/showthre...74#post5857774

Hey

I am looking to trade these opportunities for the coming few days:

Long-Term:

Weekly close below/above 1.2329 = Sell/buy
Monthly close below/above 1.2130 = Sell/buy(this side is dependent on RR on offer)

Short Term:

H4 close below: 1.2287 Sell
H4 close above 1.2329/30 Buy SL :1.2279 TP: 1.26xx

These are trades with good Risk-Reward and potential to have big targets.

On the Sell side I have Target: 2130, 1915, 1723
Buy Side: 1.2630-46, if we go above and get closes above on weekly 1.30xx

Cheers

http://www.forexfactory.com/attachme...1&d=1342950261.

Sorry, your chart is not visible in detail.

Gidday Traders


Keep thinking they are trying to catch everyone out.
Thinking it has to retrace,they keep talking about 12350ish
The banks should be more carefull allowing these sudden moves.
Friday night specials when nobody can get at there money.This can cause a run on the banks.Fear an panic is caused by the media,news,reporting that the EUR is worthless.
Interesting week ahead

Multi Levels Euro need to Watch...

GREEN Levels Colour (with Prices) is SMALL Levels move.
PURPLE Levels Colour (with Prices) is MEDIUM Levels move.
BLUE Levels Colour (with Prices) is BIG Levels move.
Broken Lines Colour (without Prices) is IMPORTANT Levels.

For H4 time frime & another INFO in HERE
...

It looks like we have a few interesting news regarding Spaing and Greece. I won't be surprised if Wellington starts around 1.19 aready!

Thanks for the detailed explanation. Question: You employ pretty "unusual" Fib-values (-52,7%, 11,8%, 92,0%...) in your trading strategy but disregard mid-pivots. Why is that?