EUR/USD Daily Video, July 19, 2012

Sive Morten

Special Consultant to the FPA
Good morning,
more bearish patterns have appeared on the chart, but now we have Butterfly "Sell" on 4-hour as well, so it could turn that market is not done yet with retracement:

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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Private, 1st Class
Hi Sive,
Your analysis of July 19 was simply brilliant. Thank you and FPA very very much.
From 18 of July I was short several open trades rangind 1.2250-1.2280 aready. On the 19 the price went up to 1.2323 and the loss was huge. If I didn't know that a Stop Grabber is taking place, I would have closed all my positions. But I hold my position and was ready to keep them even up to 1.2365 just because I trusted your judgement.
Luckily it retraced and I could close all my postions with a decent profit at a few pips below the WP.
You are a jewel, what can I say? Thanks and God bless.