If the 23.6 % fibo is broken <with a long candle then the pullback is set up , elswhere be ready for a re-short. This is like a deja vu situation as highlighted by cercles. but this that's not mean the same moves will occure, be ready for any breakouts. more simple is your way of thinking and drawing , the more your profits will last. happy trading day
short time for this afternoon after a good rise in the morning session. the tradingrange is actingquite good. up and down under this white box . just beware of any break out that could happen after the 5th wave. a return to 96.40 is not far away. happy trading afternoon or morning for north america.
i keep my last statement about this pair. technicaly a pullback should occure later but the market needs the confirmation on that action by testing and walking into that tunel waiting for a trigger to go high. fondamentaly the same should happen, japan debt is getting worse and very nasty to handle, so austerity plan is on the way. credit lending wont be easy to...
up and down or long and short will be the new trend as seen before. no special correction is on the way for tomorrow or any further decline for the dollar. enjoy this friday . the orange zone is the resis and support to take it underconsideration for entries and exists. trade safe
entry @99 .76 towards 98.90 sl 100.25
the uptrend channel shows a clear bullish tendancy over that pair. so i keep my bullish trades towards 101.25 good luck
here's an opportunity of a bullish strategy. a long play arround a 100.40/50 entry to target 101.10. good luck
Figures and charts are talking, no place for fantasy unless you know kool & the gang. strong support arround 98.77 made its job and send message to bearish ppl to step back. prime minister ABE will keep his powerful purchase untill total recovery and this is one of the best hint we can get . technicaly dollar is recovering from the consolidation phase from 103.74...
my position for tomorrow will be long for a short while. before taking the consolidation back. targeting 101.39 .