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pedro319 replied Dec 16, 2014I don't think it's insane, even in a bear market it's ok for price to test Monthly Resistance 1 + 0.5 Ret last 2 swings Daily chart. I respect your views of course.
EURUSD
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pedro319 replied Dec 16, 2014If this low on the 5 min chart holds, that is where we could go next.
EURUSD
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pedro319 replied Dec 16, 2014EURUSD Present situation. Price completed the small ABCD 1.618 Ext H4 in blue (1.27 Ext of the yellow) and turned down. Any move above last high will mean that the other ABCD H4 in yellow will be completed as well. That was also .786 Ret D1. We are ...
EURUSD
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pedro319 replied Dec 16, 2014What we need now is to align extensions from H4 with retracement D1 for perfect targets and reverse position.
EURUSD
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pedro319 replied Dec 16, 2014USDJPY This is moving rather fast, if price breaks extension 1.618 H4 I will be looking at 114.47, that is MS1 + .447 Ret D1. Before that I only expect support at 115.30.
EURUSD
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pedro319 replied Dec 16, 2014EURUSD Several targets in very short area. WR1 - 1.2553 MR1 - 1.2579 Extension ABCD H4 close to MR1.
EURUSD
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pedro319 replied Dec 15, 2014USDCAD The pattern is complete, price entered the 1.618 Ext W1 zone and currently at WR1. I have closed several positions, some of them + 500, leaving some and looking for opportunities for shorts in this area, this is a Weekly chart pattern so ...
EURUSD
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pedro319 replied Dec 12, 2014Now I am looking at the H4 chart only like the one posted. The point I was trying to make is that you have clear invalidation points so you know when you can get rid of the position entirely or at least scale out of it.
EURUSD
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pedro319 replied Dec 12, 2014If you read my earlier post you will see that I have set area of 1.2445 as my resistance, price passed it and retested it from the upside and proceeded up, yesterday price dropped and struck against 50% at 1.2370. So as long those levels stand ...
EURUSD
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pedro319 replied Dec 12, 2014That statement is entirely wrong! The Eurozone has only Euro as currency!! If you say the European Union, then yes, you could talk about monetary policies divergence between the two and the trade relations between countries within the Eurozone and ...
EURUSD
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pedro319 replied Dec 12, 2014I don't see any support there, if it was it is broken and focus back to the downside.
EURUSD
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pedro319 replied Dec 12, 2014EURUSD My bias remains on the downside, price tested Monthly pivot + .707 Ret H4 (1.2598- 1.2248) with no success and harmonic targets still to be completed lower. I would like to see price breaking the lows from yesterday 50% Ret H4 and passing WPP ...
EURUSD