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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
was posting fyi...just in case..down da rd...
wats ur fav money target now?
Daveo...u see on 4hr.that short from 3961 closed 'by rule!' at 3866...most conservative hands off method.
capturing approx 75 pips of the 211 short move total..only 33%..capture..BUT positive :)
on 1 hr. it 'anticipated the stop approx 22 pips earlier...u see this? next guess...3900/15 short..
a/y has produced from 20 daze now 168.91 per lot swap...dynamite
prin ranging 10k plus or minus..
when swap catches range possible total then switch to cruise control adding on dips again.
let it range brother!
failure to break above 3965 could see 1 more dip to 3880/3900 first....
the most likely scenario would be move higher to test 4020/30 then pullback to 3950/60 b4 challenging 4100 level....
only break below 3850 level would see Euro bulls on the defensive short term... and 3790/3800 main support would be back on focus...
minor support formed at 3900 level.. if broken will test the main support at 3850.... only clear break below 3850 would see any chance of dip below 3750 level....
short term.. if 3900 level holds... will see extension to 4020/30 where we could see some pullback from that level....
conclusion... looks like uptrend has resumed and it will likely target 4200/50 level as long as 3850 level holds... gl/gt