FOREX PRO Weekly April 08-12, 2013

[Lolly Tripathy]

Sive sir,
I have a question, "sell in May and go away" myth is applicable for EurUsd ..???

 

[D.R.&Quinch]

I think what hes asking is the wave right now m15 to be c wave down or continue upto challenge last nights high

 

[D.R.&Quinch]

Hi Sive.

If I understand this right: Today we could reach 1,3105, than very likely pull back to 1,2900 and upward continuation towards 1,3230, right? Or do you think that 1,3230 could be reached directly without any pull back?

Thanks for answer!

Look at USD index!

 

[Sive Morten]

Sure. But we need to reach 1,3100 first today, right. I have 2 positiones opened from Friday and have already opened another from area you adviced on H1 chart so I guess the plan for today is going up first, right?

Thanks again for the answer and great analyses!

I don't think you are understanding Sive. his analysis suggest waiting for entry and he doesn't mention hitting 1,3100 first.
It can sometimes be difficult to read the analysis without bias and not read what you want to see.

all the best

Michael

Yes, Michael is right. We now have an exhausting pattern is forming on EUR. Anything could happen, as usual, but odds suggest that it's better not to take any long position at resistance.

BTW, Michael, since you're MQL programmer - is it possible to use MT4 custom indicators for MT5?

 

[Sive Morten]

Sive sir,
I have a question, "sell in May and go away" myth is applicable for EurUsd ..???

Hi Lolly,
actually I have heard nothing about it... Hardly EUR has a seasonal trend, at least I do not know any foundation of it. So, unfortunately I can't say anything on this sub.

 

[D.R.&Quinch]

Its got enough wind to get to 1.3090. Imo

 

[D.R.&Quinch]

We have in usdx a bit if a poor bounce up from abcd100.next expansion is at 10.469. I could be massively wrong of course

 

[D.R.&Quinch]

I could be letting my greed get better of me. Got 30 so far

 

[D.R.&Quinch]

I rhink getting above 1.3050 will be a good sign for bulls intraday

 

[D.R.&Quinch]

And finally, I see price action on usdx as very weak attempts to upside