EUR/USD Daily Video, 10 May 2017

[Sive Morten]

Good morning,

It seems that EUR starts to confirm our suggestion on downward action. Let's see how Draghi speech will impact price behavior today:




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.

 

[Brett Reynolds]

Did anyone notice that the Bearish Engulfing on Monday 8th May is at exactly the 50% retrace of the the Weekly Bearish Pin Bar from the 1st week of May 2016. Exactly 1 year ago! .
So we have A, (1st May 2016,) B (1st Jan 2017) & C (7th May 2017)..Right!?
So what about Destination 'D' Sive..??

 

[Sive Morten]

Did anyone notice that the Bearish Engulfing on Monday 8th May is at exactly the 50% retrace of the the Weekly Bearish Pin Bar from the 1st week of May 2016. Exactly 1 year ago! .
So we have A, (1st May 2016,) B (1st Jan 2017) & C (7th May 2017)..Right!?
So what about Destination 'D' Sive..??

Chart in the studio, please

 

[Brett Reynolds]

Chart in the studio, please

I'd like to post charts...but i don't know how to do that stuff! It took me 2 yrs to work out the MT4 Platform.!! lol

 

[Sive Morten]

I'd like to post charts...but i don't know how to do that stuff! It took me 2 yrs to work out the MT4 Platform.!! lol

Right click on MT4 chart - "save as a picture" - "active chart (as is)."
Then, when place post here, write the text, then press upload file - find the one where you've saved it on your hard disk. That's all.