FOREX PRO WEEKLY January 16-20, 2012

[zakiaziz]

i think market will go little bit further to upside before make a long journey to south.. what do you think guys?

 

[4x4Ever]

Well right now it seems to be having alot of trouble breaking down the now 38.2 Fib support and Weekly Pivot support (former resistance which is now support). The good news is I had a small test Sell trade at 1.28 which I scalped and closed for a nice 70 pips so I'm testing this B&B now anyways in @ 1.2725 target in hourly context should be around 1.2770.

Good luck!

 

[Aldo Colombo]

I wouldn't be so sure. Looks like we might have a BC leg in progress.

Louis what do you base your assessment on?

wishful thinking?? hard to do away with it... if so, sharing your wish here
BTW: B&B seems not to be present in the Forex Military School, any online reference to recommend?

 

[4x4Ever]

I think your right zakiaziz. I at least think we should see a test of 1.2770 (61.8 resistance of this latest hourly drop) and quite possibly a wash and rinse of our new highs and turn around at/by/before 1.2830. At least thats where I hope to find my next sell signal and I'd be happy getting in at that price area. Its not to often I get to day trade but a lucky day off work seems to being a nice break

 

[asif faryad]

Hey guys am at the hospital in the ER room--don't worry, am fine, just my wife fell down a flight of stairs, just sprained a knee and ankle, but she is fussing so much you'd think she is about to pass away--chicks! so have my iPad but no decent charts.... Did we make it to 2700?

Hey i hope your mrs ok buddy.

Wish her a speddy recovery

 

[Triantus Shango]

wishful thinking?? hard to do away with it... if so, sharing your wish here
BTW: B&B seems not to be present in the Forex Military School, any online reference to recommend?

No wishful thinking, aldo. Am short. It's hard to tell on the iPad as i don't have any decent charting software, but the leg down to 2710 could be BC? And the move back up CD?

 

[Triantus Shango]

Thanks asif. She is fine, just turning a mole hill into a mountain, you know...

 

[georgeta]

I am short at 1.274. Context: nice Bearish engulfing and reversed candle on H4. From my experience, this is prety strong pattern. Stops at 1.2805. I will move stops to BE if some significant down move will occur. TP at 78.6 retracement on Monthly (I will see about that).

PS Take care of your wife Triantus. Wish her all the best!

 

[Aldo Colombo]

No wishful thinking, aldo. Am short. It's hard to tell on the iPad as i don't have any decent charting software, but the leg down to 2710 could be BC? And the move back up CD?

It could, BC would be 50% retracement. AUDUSD is fairly well correlated today, I´m looking for a breach of 1.0450 to the upside or 1.0385 to the downside to judge next move, maybe W&R on H4?
As for the EURUSD had hard time to overcome 2750 as you may see... consolidating now???
My reference to wishful thinking was for Louis. Hope your wife's ok.

 

[georgeta]

It could, BC would be 50% retracement. AUDUSD is fairly well correlated today, I´m looking for a breach of 1.0450 to the upside or 1.0385 to the downside to judge next move, maybe W&R on H4?
As for the EURUSD had hard time to overcome 2750 as you may see... consolidating now???
My reference to wishful thinking was for Louis. Hope your wife's ok.

Hi Aldo!
I have something interesting on AUD. I think it will be a fake out of the weekly triangle to the Agreement: 78.6 retracement with 61.8 expansion. On H4 this will be the completion of the Butterfly sell.