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EUR/USD Daily Video, October 25, 2012

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Oct 25, 2012.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    market has turned to upward retracement, so major level to watch for is 1.3005-1.3020:





    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, Oct 25, 2012
    Lasted edited by : Aug 15, 2015
  2. allan vincent

    allan vincent Private, 1st Class

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    thank you Sive
     
  3. ronyboy

    ronyboy Private

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    Hi Sive,

    don't you think the pattern on the image effected your view on down move. Новый рисунок.JPG
     
  4. FreddyFX

    FreddyFX Sergeant

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    You nailed it again !!!
     
  5. Dietmar83

    Dietmar83 Recruit

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    Hi Sive,
    you are just amazing!! Thank you so much for your work!
    I am really impressed by your analysis!
     
  6. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi ronyboy,
    could you please explain a bit further what do you mean.
     
  7. ronyboy

    ronyboy Private

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    I mean that the formed pattern (Butterfly or Crab) is Buy signal and it is opposite to down move. Maybe it was reason why downward move was not smooth.

     
  8. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Well, this is potential for "222" buy. During the week we've traded downward AB=CD pattern that is a part of "222". And this AB-CD has reached 1.618, as well as daily AB=CD reached 0.618.
    This is just a pattern. We need to watch at market price action in context.
     

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