Lots of nice things to short here. Downward trend, Evening star pattern
Credit Suisse suffered badly from the Arpelegos scandal. Signs of Recovery could earnings be the boost for a really great trade?
Having made money out of the nice rally i'm waiting for the retrace now before buying
Short climb up after big drop but losing steam now expect bearish move today.
I think here we are now looking at a EURUSD bearish channel, how big, for how long I don't know...
EURUSD I think will return to channel and continue in a bearish fashion, there is no news today and this has been it's pattern for weeks. Despite there being lots of charts and things with lines all over them saying otherwise....we shall see.
The up was caused by the news I think it will return back to channel, but close of Monday we could be sitting somewhere mid to base of channel...or ofcourse we could be forming a new channel. looking at EURGBP I have a feeling that by monday lunchtime everything will return to it's normal bearish channel.
On EURUSD yesterday we saw a big upward movement for the pair, but it hardly affected EURGBP returning to price at 0.8482 or there abouts. Can I suggest that EURGBP has reached strong resistance at the channel and I would think bad EUR news could send it down again.
Look at the previous ups like this they pretty quickly retrace
EUR recovery is not recovery it's just being held up....but that won't last!
I would have thought it will rally before 12:30 us news then drop if news is good (which it probably will be)
Broken resistance phase 3 of Elliot wave in progress short term trade aim for 92.6
Broken resistance phase 3 of Elliot wave in progress short term trade aim for 92.6