Clearing 1st target in the euro swing in v.solid week with a late update given the time differences (v painful trading from Asia). Most of the outlook alredy completed and only final target open for decembre. TA Q Outlook update from Oct 01 and Nov 7:
On the TA side:
On the TA side:
- Quarterly:
- Rejection of swing low in play. strong [highlight] 1.296x [/highlight]R is momentum line to 1.334x which is open but capped to the current yearly high because of the to break [highlight]1.296x[/highlight] this quarter.
[highlight]1.266x[/highlight] best retrace to rejection strongly fadablewith monthly when tested (best trade left for the year).[check]Overshoot to Q Support 1.223x very marginally open and it will only be tradable on a break 1.266x with Spanish collapse and Greece leaving the Union in a panic wave but not TA alone.[1.334x in play[highlight]after retrace to 1.266x][/highlight]
[highlight] - Rejection of swing low in play. strong [highlight] 1.296x [/highlight]R is momentum line to 1.334x which is open but capped to the current yearly high because of the to break [highlight]1.296x[/highlight] this quarter.
- Monthly: [/highlight]
Reversal from last month already completed the easy part of the 1st move. Retrace 1st from [highlight] 1.296x fadable to 1.275x[/highlight]with extension to [highlight] 1.266x [/highlight].Momentum line 1.2865x keeping a very close eye 'cause ECB/NFP combo.[check]
[highlight] - Weekly: [/highlight]
Uptrend in full motion but we are trading retrace wave. Nothing tradable at the current levels (1.289x). [highlight]Soft stops at 1.281x to open 1.275x[/highlight]and beyond to [highlight]1.266x[/highlight] [check]
- Daily:
In consolidation mode. A roll above 1.287x opens clean swept in weekly without further retrace with momentum in the same Q/M/W level 1.296x. [highlight]Lots of Support and noise[/highlight] in between 1.276x and 1.287x so nothing tradable in that chart for this week.[Check]
- Intraday
Reversal up on the weekly opening with most of the easy part gone with London. Crumbs left to strong R at 1.292x and with even more R overhead at 1.296x. Without news (ECB/NFP) looks very hard to break above this week. Only early trapped bulls can trigger a run to [highlight]1.281x and beyong 1.276x[/highlight] with stops triggered.[Check]
sisse
DislikedTaking 1st target in the euro swing. Daily chart and TA Q Outlook update from Oct 01:
On the TA side:Ignored
DislikedAgree Gator. French downgrade update.
Changing outlook in the euro from neutral to buy ..... to 1.338x (max overshoot 1.343x this year) and intermediate stops at 1.296x.....Ignored
Pending conversations? PM for a chat...I am mainly in OTM now
