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EUR/USD Daily Video, November 22, 2012

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Nov 22, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Aug 28, 2009
    Likes Received:
    Good morning,
    Today market still stands at confluence resistance and has formed some potentially bearish 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, Nov 22, 2012
    Lasted edited by : Aug 15, 2015
  2. fxshark

    fxshark Recruit

    Oct 12, 2011
    Likes Received:
    Dear Sive,

    Thank you for your great analysis again.

    I see the current situation quite bearish.
    As you mentioned in your analysis we have some potential bearish patterns (ABCD, 3drive), but what I was waiting for a while is a potential Bat sell? /see attached/
    Also, this could lead us to a failed breakout from the whatever formation (channel up, flag, etc.) which would increase the odds of a down swing, because we shouldn't forget that we're in a down trend on daily.

    For me the key is that I also see a quality supply zone (1.2867-1.2876) was just touched during Asia and not much demand till ~1.2770, maybe some @ 1.2820-1.2830 earlier breakout point.

    eurusd bat.

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