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EUR/USD Daily Video, August 08, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Aug 8, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    situation has not changed much. Although our butterfly pattern has transformed a bit, but trading plan is the same - search for short entry around 1.25-1.2530, or, if market will show downward pullback first - keep an eye on 1.23 area for Long position opening:






    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, Aug 8, 2012
    Lasted edited by : Aug 15, 2015
  2. Urum

    Urum Private

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    Hi Sive

    At what price this butterfly will be canceled?
     
  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    If price will take out previous low at ~1.2340
     

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