germanbel

germanbel

Too much support and consolidation in the area below 1,1380. We may see another spike up before the fall down.

germanbel

Think it is time to resume the downtrend from here.

germanbel

Regarding the related idea, below you will find the updates: a) Break up level was moved from 1,1560 to 1,1585 b) Break down level was added at 1,1260

germanbel

Regarding the related idea (uptrend in a downtrend) the price reached resistance 1,1470 as mentioned to then continue the way down. We see that the resistance was touched twice and rebounded down. We may see a third touch. Anyway the price will continue south till 1,1170 unless 1,1560 is broken. This will change the scenario of the price going north till 1,1720.

germanbel

Regarding my last idea the forecast in it was already done. I did noty receive any comments as I kindly asked for.

germanbel

I would like to share my idea with you. My papers tell me that the price is correcting up trying to hit the resistance 1,1470 before going down again. Traders are waiting today at 19 hs (GMT) for news in order to see the price move again. Meanwhile we see a consolidation. Support 1,1050 would be the open gate to new lows. I would appreciate very much any comments....

germanbel

I share my idea showing you my buy and sell zones. Good Luck.

germanbel

The pair is looking to test resistance 1,2570 and then will go to find more buyers at 1,2490. Break up is at 1,2620. Breaking up 1,2620 the pair will be in an uptrend. Check your information and match it with this idea.

germanbel

Price is over 1,618 level of fib extension of 2014-11-14. Think is a good opportunity to sell with target at 0,618 fib level (116,50). Check your information and match it with this one.

germanbel

Nothing to do in the middle. I will wait the pair decides what wants to touch first. Over 1,618 level of fib extension would be a good place to sell (around 1,2730). Below 1,618 level of fib retracement would be a good place to buy (around 1,2280). I will use both 2,618 levels to sell and buy too.

germanbel

This is a complementary of last idea. As I understand that the market is fractal, the structure 123 of last idea is a smaller fractal of something bigger. In this case I draw the structure ABC in this idea to see where we are. Let me explain. The price is making support at the 50% of the structure ABC between point B and C. If we draw the fib retracement the...

germanbel

The price is making resistance at the 50% of the structure 123 between point 1 and 2. If we draw the fib retracement between point 1 and 2 the price is making resistance at the 0,618 level. If this resistance holds without breaking point 2 we will see a lower low below point 3. In trading words it would be logical to sell now at the resistance with target at 1,618...

germanbel

Let me give you my view: If we look the downswing of 2014-11-06 we find that the low projection was broken. The high projection remains intact. Drawing the fib expansion this break should end at 1,618 level (around 1,22597). Below this number (pink zone) would be a good place to set buy limit orders. The high projection would act as a future break up (around...

germanbel

Follow the lines and see if it matches with your information. Good Luck.

germanbel

After last week break down the pair seems to continue going south. The price is trapped in the area between the two break lines. Manage your orders regarding this lines and targets. If price breaks 1,2360 the target for shorts will be extended till 1,2295. Break up line will be active till close of new york session. After that break up will be moved to 1,2665 with...

germanbel

Regarding last idea I am taking profits recovering losses + profit.

germanbel

Two ways to go either up or down. See breaks on chart.

germanbel

I will hedge at 1,2770. Meanwhile going short till 1,2550.