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pedro319 replied Dec 23, 2014EURUSD This is good area for profit taking. Breaking here will take us to 1.2048, that is 1.618 D1 Extension last swing. Bounce is also possible from any of these.
EURUSD
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pedro319 replied Dec 23, 2014EURUSD Points where bounce up could begin. 1.2208 and 1.2195 if these levels get broken easily I am looking at 1.21.
EURUSD
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pedro319 replied Dec 23, 2014I like GOLD, you had good op at .5 Ret + PP but it should work for 1166, as for AUD I am currently shorting EURAUD so not adding shorts atm, still got short positions from higher.
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pedro319 replied Dec 22, 2014EURUSD I expect reaction to 1.2190 and price to reach this soon.
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pedro319 replied Dec 22, 2014In reality my initial targets before the moves up was 1050, but now will go step by step.
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pedro319 replied Dec 22, 2014You should apply fib tool to both ends of the candles, wicks included, it helps to do it separately, on each tf. In this present case for USDJPY price stalled at .707 Ret and this is the same for H4 and D1, when this happens I would like to see ...
EURUSD
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pedro319 replied Dec 22, 2014GOLD Not a bad place to take profit at WS1, next target is at MPP at 1167.
EURUSD
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pedro319 replied Dec 22, 2014According to 5 mins chart as long the low before last holds, 1.2278 and 1.23 are very likely.
EURUSD
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pedro319 replied Dec 21, 2014Very often market will start moves from less obvious spots for different reasons, for e.g: A normal retracement could be .5 but market instead retraces .447, what happens then? All the traders that have their fib tool plotted and are waiting for ...
EURUSD
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pedro319 replied Dec 19, 2014EURUSD Price bouncing off MS2, it should continue down to 1.2190.
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pedro319 replied Dec 19, 2014Not only that, .618 Fib Ret area is violated and broken, probability is for continuation up to .786 Ret.
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pedro319 replied Dec 19, 2014I could be very wrong but in this case I don't need to see the close.
EURUSD