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EUR/USD Daily Video, April 20, 2011

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Apr 20, 2011.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Aug 28, 2009
    Likes Received:
    Good morning,
    My trading plan for yesterday has failed - market has not shown any downward continuation, but shown V-shape move instead.
    Currently I do not see any solid patterns or signals, and just want to share with my view on current situation - what levels to watch for, what patterns could appear.
    Also, I have some feelings, that GBP could show nice thrust move and take previous highs due multiple bullish stop grabbers on daily time frame.
    So, acceleration on EUR above 1.45 is also could happen...

    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.
    #1 Sive Morten, Apr 20, 2011
    Lasted edited by : Aug 15, 2015
  2. getmorepips

    getmorepips Recruit

    Apr 2, 2011
    Likes Received:
    Short EUR/USD

    My thecnical analysis show me a breackdown daily timeframes, maybe we will see an H-C-H or doble top, I'm short @ 1.43070 TP1: 1.40488 TP2: 1.37865....hoping get my goals next two months...

  3. TraderBob

    TraderBob Private, 1st Class

    Oct 4, 2007
    Likes Received:

    I know why E/U is behaving like it is. ON the WEEKLY timeframe it just blew through a resistance line set by July 2008 and Nov 2009, then it came back and retested this now new support line and bounced off.

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