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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
if Euro recovery stalls at that level and unable to break above it... we could see the drop to 39xx level next then to 37xx level....
after we got through our little differences at first... :)
but you behavin' too much lately...
i miss the old digi....
we can get diff types of signals... some of which can be false....
the last example we can see how that 4170/80 area being protected whenever it dropped to that level.... we see some good bounce....
this kind of signals are quite easy to catch on 1 hour charts.... confirmation would still be break above 4159 level in this case(need to break above the last high b4 the drop)...
on more slower moves... i try to verify on 4 or 8 hour candle positive close.... but really prefer the 8 hour candle... which gives far dependable signals... 4 hour tend to give false signals once in awhile...
it still points to the same thing... resistances should be broken to truly say a certain support held... if not... it would only mean a deadcat bounce and recovery could be limited....