AUD/USD Daily Video, February 23, 2011

[Sive Morten]

Good morning,
Market is showing pullback after yesterday's sell-off. I see only two possibilities for trading:
1. Anticipation of butterfly if you're bullish, only because possibility to place tight stop and risk/reward. Although this trade will be risky, not great probability for success;
2. 4-Hour B&B "Sell"




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.

 

[Q-Rick]

Inverse H&S on the AUS/USD

 

[MidnightRun]

Inverse H&S on the AUS/USD

On what time-frame? I see something like inverse H&S on 15 min. Can you attache a chart? Thank you.

 

[Q-Rick]

1 Hour Chart

 

[Q-Rick]

USD/CHF is EXTREMELY oversold. Looking to BUY on a W&R signal

 

[Sive Morten]

Inverse H&S on the AUS/USD

On what time-frame? I see something like inverse H&S on 15 min. Can you attache a chart? Thank you.

Hi guys,
H&S are very often fail on intraday FX. I've traded the same pattern, but on the short side - as B&B "Sell". IT has started right from neck line on hourly chart. This trade has been accomplished.
Now market is trying to push through the head...

 

[Sive Morten]

USD/CHF is EXTREMELY oversold. Looking to BUY on a W&R signal

Hi Rick,
be careful with that. Market has accomplished AB-CD on monthly time frame -and no bounce at all. There another bearish patterns currently is forming.
I do not want to by USD/CHF right now - market is just falling - take a note of Butterfly "Buy" on daily. I think it will be better to wait until market will hit it's target from probability point of view. Anyway - the decision is up to you.
Personally I have a strong bearish bias on USD/CHF, especially taking into consideration all this stuff on middle East. The major demand for USD and CHF is due this factor.

 

[chrisdress]

eur update

Hi Sive: know you are on AUD/usd this week?

Have u any thoughts on Euro/usd over next week?

thanks much for all your thoughts!!

Chris