FOREX PRO WEEKLY May 05-09, 2014

[Lolly Tripathy]

Now abcd 61% target hit...
pullback possible
as per our weekly analysis

 

[ochills]

in my Opinion HERE IS ANOTHER OPPORTUNITY TO SELL ON AUD/USD. there support (MPP) at the top & not too far away from 1.618Fib level whic price has reached successfully also market formed W&R at MPP again due to fundermental news on Australian Cash rate.. am already in for sell.

 

[ochills]

in my Opinion HERE IS ANOTHER OPPORTUNITY TO SELL ON AUD/USD. there support (MPP) at the top & not too far away from 1.618Fib level whic price has reached successfully also market formed W&R at MPP again due to fundermental news on Australian Cash rate.. am already in for sell.View attachment 14562


WHOA!!!!!!!!!!!!!!!!!!!!! Market has gone crazy 2day. market blew out MPP,1.618Fib and W&R on 1HR and strongly going after crab target on 4Hr. loss 25 pip in less than 20Mint.

 

[netbusinessman]

Hi Sive Morten sir i have this perfect Crab pattern on GBPUSD Daily chart so can i follow it or i draw wrong because its not matching with your butterfly pattern .....Thanks

 

[Lolly Tripathy]

Dollar Index
butterfly Buy 4hr

3drive n butterfly buy daily

 

[Sipi]

79,034 = mps1, 78,715 = ab-cd 100% ;-)

 

[ochills]

Good day commander in pips,
pls kindly comment on this patterns I found on 4hr chart Butterfly buy & H&S both in progress, on daily Chart butterfly sell,Bearish stop grabber and on weekly chart I also found butterfly sell. but for the 4hr even the 2 patterns work out well it will still not invalidate butterfly sell on daily and weekly.
pls commander is there any possible danger in considering only 4r and 1hr for entering on sell with caution of the stop grabber on daily TF.
thanks commander in pips as usual.

 

[wontuno]

Hi Sive Morten sir i have this perfect Crab pattern on GBPUSD Daily chart so can i follow it or i draw wrong because its not matching with your butterfly pattern .....Thanks

View attachment 14567

I draw it like that too. And actually I kinda really like situation like this.
I won't take this patterns if not in overbought/sold area. Simple yet powerfull trading to me

Very interesting with ECB & BOE Interest Rate Decission tomorrow.

 

[Sive Morten]

Hi Sive Morten sir i have this perfect Crab pattern on GBPUSD Daily chart so can i follow it or i draw wrong because its not matching with your butterfly pattern .....Thanks

Well, you can draw it like this, theoretically there is no mistake here. May be market even will reach the target, but I've chosen different starting point of the pattern, because real initial swing of crab/butterfly has started a bit later than you've drawn it.

Good day commander in pips,
pls kindly comment on this patterns I found on 4hr chart Butterfly buy & H&S both in progress, on daily Chart butterfly sell,Bearish stop grabber and on weekly chart I also found butterfly sell. but for the 4hr even the 2 patterns work out well it will still not invalidate butterfly sell on daily and weekly.
pls commander is there any possible danger in considering only 4r and 1hr for entering on sell with caution of the stop grabber on daily TF.
thanks commander in pips as usual.

All patterns are drawn correctly. The one thing that I do not like much is too slow right wing of butterfly. Usually this is not good sign, but I do not want to say that it definitely will fail. This is just not as good as it could be.

 

[Lolly Tripathy]

Hi sive sir
we got a sell butterfly on 4hr time frame
and may be this will give us a pull back