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If it gets through 075(which it may do as usd/jpy is through 60 and they go same way) then eur/usd should keep heading south.
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Agreed - from the EUR.USD thread earlier today
quote:Looks like fresh air between here and 11900, now that 618 fib has broken convincingly
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Agreed - got one out of three spotted today - the other was JPY breakout of triangle from 11230 level.
Definitely thinking a new approach might be required for those particular set-ups. s/l entries on both sides then cancel the side that doesn't breakout and run for the piparoonies on the right one.
Only works when momentum has come to a halt though, but thats probably more often than not, given the number of triangles etc that appear on all timeframes
g'nite all
Xerof
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Re trade mentioned on the Chit-Chat thread yesterday.
........long USD.CHF......FWIW - I'm now taking the profit
and I'm off - have a good weekend [8D]
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Major Gann @ 2593 appears to be repelling nothbound forays
with some vigor.
Watch for 'change of polarity' confirmation on the recent
support break circa 2667 for a possible short.
arco
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That Gann resistance line should read 2693,(not 2593)
and the polarity change was not confirmed so no
short trade signalled as yet.
arco
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thx 4 the correction arco
EW analysis tonite =
USDCHF (Intraday)
Posted On: Aug 30 2005 6:44AM ET / Aug 30 2005 10:44AM GMT
Last Price: 1.2717
Medium Confidence
Printer Friendly
[Up to challenge range highside]
Key levels: 1.2505 & 1.2755
Having reached 1.2724, continue to expect the USDCHF to test up to 1.2735-55 in the near future. A break above 1.2755 would open the way for further wave c (circled) advances towards 1.2788 (and potentially 1.2900), while projected support at 1.2611 remains in place. Otherwise, more broad sideways ranging is probably in store for the short-term. J Hunter
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Thanks Peat
There was a scouting party send over the line yesterday,
but its raid was not conclusive as the EOD close retreated
back below @ 2695
Waiting in the wings []
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Weekly chart
Couple of possibilities for medium term traders IMO
arco
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