FOREX PRO Weekly January 09-13, 2012

Been busy scalping.....got some shorts at 1.2800 levels tooo ;)...since pierced 1.2719, next level should be 1.2666
 
Also Sive said if it takes out that C point & holds there - which it is.. by a fair distance, then it will proceed downwards probably.
 
Momentum

guys.. no panic yet! look at this chart. is this a gartley 222 buy? all the retrace between the gartley vertices (XA, AB, BC, CD) are harmonic so far.

Hey Shango, momentum looks too high, I think this is going down. Good call, you may still be right but my experience seems to point to downward continuation. Go to go to work so may not reply, I enjoy your posts.

TraderBob
 
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