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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
head in da sand now..on euro
then a move south would have high probability to reach 55 from mid partial tp (now 4375, hit 83 earlier)
then of course stop at BE
at 89 from mid take more profit
original stop for short on high side of tunnel..
contact me
pahtah@yahoo.com
watching now...
Nevertheless for general direction i prefer Gartley 222 in its "diamond" it has 8 fib values that must match and thus a program can assign a probability. As EURUSD failed at exactly the Gartley make or break 1544 the probability of bearish is about 0.7
If market eventually realizes Bernanke was throwing a bone to the hungry dog with his
fuller discussion of next FOMC the USDx will climb beyond 75 and that's the end of EURUSD longs.