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EUR/USD Daily Video, January 03, 2012

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Jan 3, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    market is now approaching to our first destination - 1.30-1.3012 resistance level. Keep an eye on potential reversal 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.
     
    #1 Sive Morten, Jan 3, 2012
    Lasted edited by : Aug 15, 2015
  2. samfx

    samfx Private, 1st Class

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    Entry short

    Hi Sive,

    Happy New Year 2012.

    Since market hit the resistance level that we are waiting for, should we wait for the market to form a pattern before entering short or wait for the MACD to be bearish. Is it a good idea to enter short without forming any pattern... with a stop loss above all levels (FE 100, 161.8 and pivot resistance 1).

    I can see on the 5 min chart that market formed a butterfly sell (161.8), also closed below the 3*3 MA few times. Bearish Divergence on the MACD and 5 min trend is bearish!

    Thank you for your analysis....
     

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    #2 samfx, Jan 3, 2012
    Last edited: Jan 3, 2012
  3. ao_ccp1912

    ao_ccp1912 Recruit

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    Thank you for keeping the good work. Have a great year!:)
     
  4. ertore

    ertore Private

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    Hi Sive: I got a question. in daily TF isn't there a double repo formation?
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Ertore,
    No, there is no sufficient thrust for DRPO.
     

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