FOREX PRO WEEKLY August 05-09, 2013

Licky Licks @ 94/97 and short?

LL.jpg

Good trading!
 
well I think we hit all targets on smaller TFs but one, hope they will forget it; strongly belive we got bearish signal

Hit.jpg

Good trading!
 
I am short

of money?

hehe, hello Big P...

well I am a little confused regarding long/short. Yesterday SP500 (and all other indeces) started down moves BUT dollar fell so where is sfae heaven? Big question!! Yen stronger in crisis, okay, but dollar used to get stronger too! USDJPY approaching first target slowly to turn up again toward last up leg (my opinion). I expect bounce @ 97 but real target is at least 96,6. So, will EUR rise as Sive said to take high @1,3344 ? Possible! But everything depends on depth of retrace on indeces and of course on treating USD safe heaven or not! And look at gold! Waiting for what? Crisis should affect on up move! So looks like everything is just retrace.

Take care and good trading!
 
hello,

this is one of most probable scenarios on USDJPY for me but if it touches/breaks 96,70 then there is inner wave in 5 waves structure and will go a bit lower; we will see soon..

USDJPY.jpg

Good trading!!
 
Back
Top