EUR/USD Daily Video, 24 August, 2015

[Sive Morten]

Good morning,

EUR almost has reached our first target @ 1.1460 area, but still there is a room exist and we could try to take scalp long position on intraday charts:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[csc2009]

The coming week will be critical test of Euro's strength, thanks for the analysis.

 

[VStar]

I'm pay Zen Aldridge for his over priced software , and this is how it drew the Gartley

 

[Sive Morten]

I'm pay Zen Aldridge for his over priced software , and this is how it drew the Gartley

Hi VStar
Well, he has drawn them correct, but on Zen chart, this is not butterfly, this is Gartley "222" Sell pattern. You can learn more about it in our forex military school, in chapter, dedicated to harmonic patterns:
https://www.forexpeacearmy.com/community/threads/chapter-17-part-iii-gartleys-patterns.17559/

 

[lobotrader]

What a thrust ......... passed 1,1470 like butter , jumped through the 1,1500 heading towards 1,1600 ...and than ? I am very curious to tomorrows "weather forecast" of Sive Morten . Spasiba, for the time being @ Sive . Lobo