EUR/USD Daily Video, January 10, 2012

Sive Morten

Special Consultant to the FPA
Messages
18,564
Good morning,
now we have bullish pattern, but it is not quite clear yet - will it lead to significant retracement on daily time frame or not. That's why, while we expect further clarification - let's focus today on short-term perspective:




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.
 
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Jan 10 - 3 drive buy

Out of curiosity, what would be an upside target on a 3 drive buy on Eur / USD ?

thkx JB

Great Work! ( and your English is getting better!!)
 
Out of curiosity, what would be an upside target on a 3 drive buy on Eur / USD ?

thkx JB

Great Work! ( and your English is getting better!!)

Hi Jeff, thanks. ;)
Well, the minimum target of 3-Drive pattern is a high between 2nd and 3rd drives.
 
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