FOREX PRO Weekly June 04-08, 2012

Sive Morten

Special Consultant to the FPA
Messages
13,899
thank you very for the reply sir :)
i have sum confusion i got 2 pattern on daily tf View attachment 5605
the daily reverse h & s ratio is not perfect
and the daily double top and shootings star is looking good
can you plz suggest me which one is rite..??

The same is with Double Top - it should be on top. Take a look of it in our Forex Military School.
Shooting star is OK.
In general, classical patterns as Double Top or H&S should be extended in time, they demand long price action.
H&S pattern - only if on 4-hour TF, but it has lack of harmony and too small shoulders to my mind, but shape is OK.
 

pragmatic

Corporal
Messages
109
gbpjpy

Hello Sive!
If you have time please confirm these patterns:
1. B&B
2. Stretch sell
My decision is to hold shorts (I entered on another confluence resistance and DRPO Sell on H4 but it failed. Due to overbought condition and possibility of B&B I hold shorts).
Thank you!
 

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Sive Morten

Special Consultant to the FPA
Messages
13,899
Hello Sive!
If you have time please confirm these patterns:
1. B&B
2. Stretch sell
My decision is to hold shorts (I entered on another confluence resistance and DRPO Sell on H4 but it failed. Due to overbought condition and possibility of B&B I hold shorts).
Thank you!

Hi Pragmatic, looks nice. I'm not sure about B&B - looks probable but small retracement slightly higher doubts a bit recent thrust. Stretch is OK.
 

Aldo Colombo

Corporal
Messages
107
Hi, Sive, we fell without significant retracement from 2615 to 2450, I assume this enlarges the probability of it going down further today or Monday. If we go throuhg 2414 low, then we would only have June 1st low standing (1.2288). Do you think daily AB=CD retracement chances are intact, or market might be favoring downward continuation right from here?
Great week!
 

asif faryad

Sergeant
Messages
194
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