EUR/USD Daily Video, March 04, 2011

[Sive Morten]

Good Morning,
our yesterday's trading plan has worked well, so is it too late to enter Long?
I don't think so. Still, I prefer not to have any positions during important macro data release...
But, if you intend to trade today anyway - market has very attractive context currently:




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.

 

[georgeta]

Usdchf

Hello Mr. Morten!
I think that very interesting patterns are forming currently on USDCHF. A daily butterfly buy (1.618) will start from the same area with 100% daily ABC target. Just below that it will be the area from where the weekly butterfly buy should start. What do you say about a weekly analisis? I suppose that many people are seeing that so it will probably be quite triky to enter.
Thak you as allways!

 

[Sive Morten]

Hello Mr. Morten!
I think that very interesting patterns are forming currently on USDCHF. A daily butterfly buy (1.618) will start from the same area with 100% daily ABC target. Just below that it will be the area from where the weekly butterfly buy should start. What do you say about a weekly analisis? I suppose that many people are seeing that so it will probably be quite triky to enter.
Thak you as allways!

Hi, Georgeta,
Nice Butterfly. I also today have looked at it. I mean daily one...

 

[xuaneitor]

thank you

Very good signal this week.... a lot of pips done
thanks
Joan