{quote} EU Target met.
Are support and resistance levels predetermined?
- #1,482
- Feb 26, 2014 10:53am Feb 26, 2014 10:53am
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
{quote} Maybe, just maybe EU is in route to 1.3398. Im going to leave running the trade...
I do see this as a pullback in a longer term bull trend - it would be great if it would pull back far enough to hit that 1.3398 and then continue up.
Quoting Gisela
{quote} Maybe, just maybe EU is in route to 1.3398. Im going to leave running the trade...
Hi Hollowhead and Gisela.... EU came O so close to breaking the 61.8 on the T4F_220, but stubbornly held out. It's heading back up now but there is a lot of data being released during the European session which could cause the break depending on the outcome of the numbers. Good luck to you both
Zo
{quote} Maybe, just maybe EU is in route to 1.3398. Im going to leave running the trade...
{quote} I hope so too. I still have the T4Y_680 short open, which I would REALLY like met, before it advances up again. I do see this as a pullback in a longer term bull trend - it would be great if it would pull back far enough to hit that 1.3398 and then continue up.
Hi Hollowhead and Gisela.... EU came O so close to breaking the 61.8 on the T4F_220, but stubbornly held out. It's heading back up now but there is a lot of data being released during the European session which could cause the break depending on the outcome of the numbers. Good luck to you both
Zo
Staircase down to ride the elevator up.....wait..wait..wait for it
- #1,485
- Feb 26, 2014 5:54pm Feb 26, 2014 5:54pm
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
Quoting Gisela {quote} Maybe, just maybe EU is in route to 1.3398. Im going to leave running the trade... {quote} Hi Hollowhead and Gisela.... EU came O so close to breaking the 61.8 on the T4F_220, but stubbornly held out. It's heading back up now but there is a lot of data being released during the European session which could cause the break depending on the outcome of the numbers. Good luck to you both
It is a significant level, but I have to say I'm not sure its because of the T4F template. Reason I don't see it on the T4F is that price hasn't traveled from the 23.6% in the upper phase. Also, it would only be a signal for the setup action, not the actual reversal Bobi designed the template for.
But, the level is the 50% on the T5_2_2. Price crossed that line north to give a bullish trend targeting the 76.4% (1.39193). So this could be a retest of that level - effectively resistance turning support (I hope not).
Hi Hollowhead...... Yes your right it did not come from the 23.6% of the upper phase. You know I'm in the bullish camp of 4257 before 3398 but 3772 has proved to be quite a resistance level lol and I totally forgot about that template T5_2_2. Thanks for reminding me of that one Zo
Staircase down to ride the elevator up.....wait..wait..wait for it
- #1,487
- Feb 26, 2014 6:20pm Feb 26, 2014 6:20pm
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
. I do see more upside template triggers that downside, hence my tendency to short first and complete those targets.But in the end - we both see the targets either side, and one way or another they'll get hit!!
I'm just staying up to see what happens with AU during the news in 10mins and then off to sleep.
- #1,488
- Feb 26, 2014 6:22pm Feb 26, 2014 6:22pm
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
- #1,489
- Feb 26, 2014 6:31pm Feb 26, 2014 6:31pm
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
- #1,490
- Feb 27, 2014 4:05am Feb 27, 2014 4:05am
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
- #1,494
- Feb 28, 2014 6:02am Feb 28, 2014 6:02am
- Joined Mar 2013 | Status: Putting it all together... | 1,185 Posts
