FOREX PRO WEEKLY August 05-09, 2013

[minimax]

Think bullish signal, so down to finish!

 

[minimax]

USDJPY could be at bottom...



Good trading!

 

[D.R.&Quinch]

We r at 1.333 euro usd. Just closed my long

 

[minimax]

and euro could be at top but the way up is theoreticaly still opened; much more complicated, again, dont know if 4ED and 5ED already done and hidden, but I am sceptical; will be seen how reacts at 1,3289; 1,3264 (2ED in my count!) and 1,3231..



Good trading!

 

[Lolly Tripathy]

eurusd possible 3drive

 

[timsar]

Hi, On S&P we got a second close below 3*3 MA, could you please comment it

 

[D.R.&Quinch]

My short stop at b/e morning mini

 

[Triantus Shango]

1 large Gartley SELL (blue) and one small Butterfly SELL (more recent and pink) on H4. also note that D point of butterfly SELL hit the top of the upward channel.

https://www.tradingview.com/x/nNzOjxGz/

and

https://www.tradingview.com/x/gAcy62Xp/

 

[Remmyz2]

Remmy,

why ˝without breaking 1.2754 low˝? I think we MUST take this low if we want to go up otherwise we remain bearish although will go up to 1,3650/82.

ATM I am USD bull:

View attachment 10556



Good trading!

Thanks Minimax for your question. If we have a retracement down, I don't expect it to break the 1.2754 low because that will invalidate the anticipated bullish H&S setup on weekly chart. If that low is broken, no more H&S at that point. We may talk of other patterns. At the moment, I'm still expecting a deep retracement from around the previous weekly high, down to around 1.2821 before we have the final bullish longterm move.

 

[Lolly Tripathy]

Sive: It looks like we have DRPO sell happening on S&P. Are you still feeling good about that trade?

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