MDunleavy
iticsoftware.com Representative
- Messages
- 185
Trade Idea:EUR/USD - Buy-stop at 1.2650 Target: 1.2800 ; Stop: 1.2575
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Price action on EUR/USD, a chart of which is shown, has just broken down swiftly below the key 1.2500 support level, establishing a new 18-month low and lending a significant additional bearish bias to this strongly downtrending currency pair.
A continuation of the steep overall downtrend has now been confirmed, with price currently targeting a key downside support target in the 1.2300 price region.
Any substantial breakdown below 1.2300 could potentially begin to target the technically- and psychologically-important 1.2000 level, which is also around a 161.8% Fibonacci extension of the most recent bearish run.
The broken 1.2500 level should now serve as tentative upside resistance within the context of the strong current downtrend.
"P&F EURUSD1440 Box Size 200X3 or(4.68%) HI/LO
Data 1.6038 - 0.9607 ~ 92 Month ~ 2796 Day
Database 2000 records 1.23566 (Last Close)
2002-09-17 00~00
2010-05-14 00~00 (GMT+01:00) Paris
BJF Trading Group chart"
_http://docs.google.com/View?id=dcftkq53_152grsnq5c3
1.6200|~2OO||____________________+_______________________|-1.01%|68.63%
1.6000|~4OO||________________x___x_+_____________________|0.24%|66.55%
1.5800|~6OO||________________x_o_x_o_+___________________|1.48%|64.46%
1.5600|~8OO||________________x_o_x_o___+_________________|2.73%|62.38%
1.5400|~1OOO|________________x_o___o_____+_______________|3.98%|60.3%
1.5200|~12OO|________________x_____o_______+_________+___|5.23%|58.22%
1.5000|~14OO|________________x_____o_________+_______x_+_|6.47%|56.14%
1.4800|~16OO|________________x_____o_x_________+_____x_o_|7.72%|54.05%
1.4600|~18OO|________________x_____o_x_o_____x___+___x_o_|8.97%|51.97%
1.4400|~2OOO|________________x_____o_x_o_____x_o___+_x_o_|10.21%|49.89%
1.4200|~22OO|________________x_____o_x_o_____x_o_____x_o_|11.46%|47.81%
1.4000|~24OO|________________x_____o___o_____x_o_____x_o_|12.71%|45.73%
1.3800|~26OO|________________x_________o_____x_o_____x_o_|13.95%|43.65%
1.3600|~28OO|________x_______x_________o_____x_o_x___x_o_|15.2%|41.56%
1.3400|~3OOO|________x_o_x___x_________o_____x_o_x_o_x_o_|16.45%|39.48%
1.3200|~32OO|________x_o_x_o_x_________o_x___x_o_x_o_x_o_|17.7%|37.4%
1.3000|~34OO|________x_o_x_o_x_________o_x_o_x_o_x_o___o_|18.94%|35.32%
1.2800|~36OO|____x___x_o___o_x_______+_o_x_o_x_o_x_____o_|20.19%|33.24%
1.2600|~38OO|____x_o_x_____o_x_____+___o_x_o_x_o_______o_|21.44%|31.15%
1.2400|~4OOO|====x=o=x=====o=x===+=====o===o=+=========o=|22.68%|29.07%
1.2200|~42OO|____x_o_x_____o_x_+___________+___________+_|23.93%|26.99%
1.2000|~44OO|____x_o_x_____o_x___________________________|25.18%|24.91%
1.1800|~46OO|x___x_o_______o_____________________________|26.42%|22.83%
1.1600|~48OO|x_o_x_______+_______________________________|27.67%|20.75%
1.1400|~5OOO|x_o_x_____+_________________________________|28.92%|18.66%
1.1200|~52OO|x_o_x___+___________________________________|30.17%|16.58%
1.1000|~54OO|x_o_x_+_____________________________________|31.41%|14.5%
1.0800|~56OO|x_o_+_______________________________________|32.66%|12.42%
1.0600|~58OO|x_+_________________________________________|33.91%|10.34%
1.0400|~6OOO|x___________________________________________|35.15%|8.25%
1.0200|~62OO|x___________________________________________|36.4%|6.17%
1.0000|~64OO|x___________________________________________|37.65%|4.09%
0.9800|~66OO|x___________________________________________|38.9%|2.01%
0.9600|~68OO|____________________________________________|40.14%|-0.07%
Column|||||||1_5_1_5_9_4_3_8_2_3_3_1_4_1_4_4_1_1_5_3_1_1_|
Count||||||||1___O___________1_____O___2_____1_O_____O_3_|
======================================================================
Price action on EUR/USD, a chart of which is shown, has just broken down swiftly below the key 1.2500 support level, establishing a new 18-month low and lending a significant additional bearish bias to this strongly downtrending currency pair.
A continuation of the steep overall downtrend has now been confirmed, with price currently targeting a key downside support target in the 1.2300 price region.
Any substantial breakdown below 1.2300 could potentially begin to target the technically- and psychologically-important 1.2000 level, which is also around a 161.8% Fibonacci extension of the most recent bearish run.
The broken 1.2500 level should now serve as tentative upside resistance within the context of the strong current downtrend.
"P&F EURUSD1440 Box Size 200X3 or(4.68%) HI/LO
Data 1.6038 - 0.9607 ~ 92 Month ~ 2796 Day
Database 2000 records 1.23566 (Last Close)
2002-09-17 00~00
2010-05-14 00~00 (GMT+01:00) Paris
BJF Trading Group chart"
_http://docs.google.com/View?id=dcftkq53_152grsnq5c3
1.6200|~2OO||____________________+_______________________|-1.01%|68.63%
1.6000|~4OO||________________x___x_+_____________________|0.24%|66.55%
1.5800|~6OO||________________x_o_x_o_+___________________|1.48%|64.46%
1.5600|~8OO||________________x_o_x_o___+_________________|2.73%|62.38%
1.5400|~1OOO|________________x_o___o_____+_______________|3.98%|60.3%
1.5200|~12OO|________________x_____o_______+_________+___|5.23%|58.22%
1.5000|~14OO|________________x_____o_________+_______x_+_|6.47%|56.14%
1.4800|~16OO|________________x_____o_x_________+_____x_o_|7.72%|54.05%
1.4600|~18OO|________________x_____o_x_o_____x___+___x_o_|8.97%|51.97%
1.4400|~2OOO|________________x_____o_x_o_____x_o___+_x_o_|10.21%|49.89%
1.4200|~22OO|________________x_____o_x_o_____x_o_____x_o_|11.46%|47.81%
1.4000|~24OO|________________x_____o___o_____x_o_____x_o_|12.71%|45.73%
1.3800|~26OO|________________x_________o_____x_o_____x_o_|13.95%|43.65%
1.3600|~28OO|________x_______x_________o_____x_o_x___x_o_|15.2%|41.56%
1.3400|~3OOO|________x_o_x___x_________o_____x_o_x_o_x_o_|16.45%|39.48%
1.3200|~32OO|________x_o_x_o_x_________o_x___x_o_x_o_x_o_|17.7%|37.4%
1.3000|~34OO|________x_o_x_o_x_________o_x_o_x_o_x_o___o_|18.94%|35.32%
1.2800|~36OO|____x___x_o___o_x_______+_o_x_o_x_o_x_____o_|20.19%|33.24%
1.2600|~38OO|____x_o_x_____o_x_____+___o_x_o_x_o_______o_|21.44%|31.15%
1.2400|~4OOO|====x=o=x=====o=x===+=====o===o=+=========o=|22.68%|29.07%
1.2200|~42OO|____x_o_x_____o_x_+___________+___________+_|23.93%|26.99%
1.2000|~44OO|____x_o_x_____o_x___________________________|25.18%|24.91%
1.1800|~46OO|x___x_o_______o_____________________________|26.42%|22.83%
1.1600|~48OO|x_o_x_______+_______________________________|27.67%|20.75%
1.1400|~5OOO|x_o_x_____+_________________________________|28.92%|18.66%
1.1200|~52OO|x_o_x___+___________________________________|30.17%|16.58%
1.1000|~54OO|x_o_x_+_____________________________________|31.41%|14.5%
1.0800|~56OO|x_o_+_______________________________________|32.66%|12.42%
1.0600|~58OO|x_+_________________________________________|33.91%|10.34%
1.0400|~6OOO|x___________________________________________|35.15%|8.25%
1.0200|~62OO|x___________________________________________|36.4%|6.17%
1.0000|~64OO|x___________________________________________|37.65%|4.09%
0.9800|~66OO|x___________________________________________|38.9%|2.01%
0.9600|~68OO|____________________________________________|40.14%|-0.07%
Column|||||||1_5_1_5_9_4_3_8_2_3_3_1_4_1_4_4_1_1_5_3_1_1_|
Count||||||||1___O___________1_____O___2_____1_O_____O_3_|