EUR/USD Daily Video, October 31, 2017

[Sive Morten]

Good morning,

EUR starts first stage of our weekly trading plan and stands now in smooth upside retracement. So, as we've suggested, let's watch for 1.1675 destination point:



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.

 

[shahsavari]

Thanks a lot
A question...
Do we have DOUBLE REPO Sell in EURJPY in Weekly chart?

 

[Sive Morten]

Thanks a lot
A question...
Do we have DOUBLE REPO Sell in EURJPY in Weekly chart?

Well, actually we haven't got it even theoretically - as we do not have close above 3x3 DMA yet and second close below.
Besides, thrust looks poor as a lot of 3/8 retracements were on a way up.
If market will show some downward action here it mostly will be due Agreement resistance rather than DRPO...

 

[shahsavari]

Well, actually we haven't got it even theoretically - as we do not have close above 3x3 DMA yet and second close below.
Besides, thrust looks poor as a lot of 3/8 retracements were on a way up.
If market will show some downward action here it mostly will be due Agreement resistance rather than DRPO...
View attachment 34626

Thanks again
I have a small position with SL 134.55 and TP 128.75. Is it profitable or not?
have a nice day