EUR/USD Daily Video, March 28, 2011

Sive Morten

Special Consultant to the FPA
Messages
18,571
Good morning,
Possibly market will show deeper retracement down. But move even to 1.3920 will not cancel long-term bullish bias.
Retracement also gives some possibility to intraday traders:





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.
 
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DRPO in GBPUSD weekly?

i would like to confirm if im seeing my GBPUSD weekly chart right with 3x3 MA... and how can i trade it?

thank you!
 
Good morning,
Possibly market will show deeper retracement down. But move even to 1.3920 will not cancel long-term bullish bias.
Retracement also gives some possibility to intraday traders:





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.


Excellent job Sive.
 
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i would like to confirm if im seeing my GBPUSD weekly chart right with 3x3 MA... and how can i trade it?

thank you!

Hello,
Personally, I do not treat weekly price action as DRPO - poor trust.
Move down continues due completion of AB-CD pattern.
But DRPO could appear on 4-hour chart of cable...
 
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