EUR/USD Daily Video, February 21, 2012

Sive Morten

Special Consultant to the FPA
Messages
12,992
Good morning,
by yesterday's up gap opened, market has cancelled our intention to enter short. On daily time frame situation unclear, so probably we should focus on intraday trading, particular directional patterns:



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.
 
Last edited by a moderator:

Hasan11

Recruit
Messages
9
Hello Sive,

In 4H time frame , do you see a head and shoulder pattern?

right shoulder is a little bit higher but it seems like a head-shoulder pattern..

What is your opinion?
 

stelore

Sergeant
Messages
145
Thanks a lot Sive,
great analysis as usul..........

But I think that one of the problems is Greece!
European stock market agrees with me.

I follow this issue and I'm still following your BEARISH analysis.
I hope to be right (for both) :)
 

Sive Morten

Special Consultant to the FPA
Messages
12,992
Hello Sive,

In 4H time frame , do you see a head and shoulder pattern?

right shoulder is a little bit higher but it seems like a head-shoulder pattern..

What is your opinion?
Hi Hasan,
yes, we've discussed this possibility on forum. Personally, I think it's a bit too skewed to to be called as H&S. I prefer to see a bit more harmony as in time of forming as in ratios of H&S. Still, my opinion is not a big deal - may be it will work, let's keep in head this possibility.

Thanks a lot Sive,
great analysis as usul..........

But I think that one of the problems is Greece!
European stock market agrees with me.

I follow this issue and I'm still following your BEARISH analysis.
I hope to be right (for both) :)
Well, currently bearish scenario feels some pressure. Now I'm not so sure with it. Particularly as I've specified in video - formally it still holds, but recent price action is not welcome for it.
 
Top