Daily Video, EUR/USD, September 08, 2010

Sive Morten

Special Consultant to the FPA
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18,571
Good Morning,

Yesterday market has shown solid sell-off, and our expectations, concerning possible reversal have not been met by the market, because price did show any sign of retracement from Fib. support.

Currently there are a lot of different scenarios. Much depends from a price action in nearest future. Also there is a possibility for short-term scalp trade.



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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Hey Thanks For all Sive! I have made money with all your signals and not wasted money on losing trades thanks to you too!!! hehe Thanks!
 
Hi Sive!

As i look EU pair now it is a perfect Elliott wave (1D/4H chart) and should be one more leg down in next 2 weeks. now in few days little retrace up to fib 61,8% supp @ 1.2819 and then as u said in video down to target around 1.2450 (61,8% retracement of 1.1876 to 1.3333 @ 1.2433(~1.2450). Because wave now is so perfect there must be a perfect end :)


wr, tadej
 
Hi Sive!

I'm learning the wave reading, if you could mention the price in the video that would be great rather then "Over Here".
 
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