- #22,183
- Nov 13, 2015 4:51am Nov 13, 2015 4:51am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
{quote} i think this could be a good trade
0830 in YOUR previous post very important in my chart remember that post T
- #22,185
- Nov 13, 2015 5:40am Nov 13, 2015 5:40am
- Joined Apr 2013 | Status: Now I know you | 5,576 Posts
{quote} Cool
weekly pivot too.1.0830
don't predict direction, but dance with flow of water
- #22,186
- Nov 13, 2015 6:20am Nov 13, 2015 6:20am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
{quote}
Yearly S2
- #22,187
- Nov 16, 2015 3:06am Nov 16, 2015 3:06am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Cool
{quote}
{quote} Hi T, can we still use this POC for the coming possible e/u trade?
- #22,190
- Nov 16, 2015 3:58am Nov 16, 2015 3:58am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The EURUSD is very bearish. Technically we can spot bear flag on H4 time frame and as I have shown in my last EURUSD analysis and Session Recap webinars 1.0835 was the place to go short. The last rejection from POC was good for 150+ pips and we can still pinpoint 1.0835 as POC for shorting into rallies. We can spot a confluence of historical sellers, H3 , bear flag top. Above there is a cluster of resistance (flagpole, EMA , H5 at 1.0900 zone ) and MACD is having bearish momentum too. That all tells us that the pair is very bearish.
We should pay attention to 1.0670. As i have been showing a lot of times 1.0670 is a VERY strong support supported by ACCU pivot point too. A strong break of 1.0670 is needed for 1.0592 and lower zones. There is a technical target overshoot below L5 on H4 timeframe. 1.0520 could be reached if 1.0590 break as we add the height of the flag pole to the breakout point of the flag.
We should pay attention to 1.0670. As i have been showing a lot of times 1.0670 is a VERY strong support supported by ACCU pivot point too. A strong break of 1.0670 is needed for 1.0592 and lower zones. There is a technical target overshoot below L5 on H4 timeframe. 1.0520 could be reached if 1.0590 break as we add the height of the flag pole to the breakout point of the flag.
- #22,192
- Nov 17, 2015 5:20am Nov 17, 2015 5:20am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
GBPUSD ACCU Pivot Points
- #22,195
- Nov 18, 2015 6:15am Nov 18, 2015 6:15am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
As i have shown in my previous EURUSD analysis and the Analysis before it, EURUSD has clearly rejected from POCs and proceeded in trend direction. Overall, the first target zone has almost been met - 1.0620 and it happened after the break of 1.0670 as I have suggested. We need to think about 2 potential scenarios. The first is CONTINUATION point of view and the second is POSITIONING.
The first scenario is likely to happen after breakout of 1.0630 - yesterday's low and triple bottom. The target is 1.0590 zone and the break of it will target 1.0520. The second scenario takes POC point of view. We have POC in 1.0700-0720 zone (X-cross, L3) and the CURRENT rejection of 1.0690 which is currently good for 30 pips. The pattern is T-89 which i have been showing in my PATS webinars also.
For both scenarios targets are 1.0590 and 1.0520 but if we get another T-89 or POC rejection have in mind that the price still needs to break 1.0630 to proceed lower.
The first scenario is likely to happen after breakout of 1.0630 - yesterday's low and triple bottom. The target is 1.0590 zone and the break of it will target 1.0520. The second scenario takes POC point of view. We have POC in 1.0700-0720 zone (X-cross, L3) and the CURRENT rejection of 1.0690 which is currently good for 30 pips. The pattern is T-89 which i have been showing in my PATS webinars also.
For both scenarios targets are 1.0590 and 1.0520 but if we get another T-89 or POC rejection have in mind that the price still needs to break 1.0630 to proceed lower.
- #22,196
- Nov 18, 2015 10:41am Nov 18, 2015 10:41am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
- #22,199
- Nov 19, 2015 4:37am Nov 19, 2015 4:37am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
As you could read in my previous GBPUSD analysis the pair has broken through 1.5190 initially then went down to a target zone - 1.5155. The pair has been contained below 1.5250 as presumed but today we have seen a breakout through 1.5250 which is telling us that the pair might be targeting 1.5350. From the contextual point of analysis we have 2 different focal points. 1.5200-20 is the POC zone where we can see a confluence of Monthly inner trend line, X cross, 89 EMA and inner trendline. If the pair retraces to the zone we could expect a bounce towards 1.5300 and 1.5350. If the pair doesn't pull back towards POC then we should pay attention to 1.5300. If we get a H1/H4 close or high momentum push above 1.5300 we should see 1.5350. In both ways 1.5150 should hold.
