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Thread: EUR.CAD

  1. #1
    Guru Xerof's Avatar
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    Default EUR.CAD


    Evening all,

    A breakout looks due for this pair this week. Standard charting theory would suggest downside is imminent on both timeframes. Any other supporting evidence gratefully received...





    Xerof

  2. #2
    action-reaction arco's Avatar
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    Evening Xerof

    Can't help much with this one....not on Rooters or on the platform.

    arco

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  3. #3
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    possible long on this one

    nice bounce of lower channel on dailies

    candlestick confirmation and elliot count suggestive of a long

    gartley on hourly may allow nice entry

    cant quite be ****d to post a chart but will if anyone wants to see it

  4. #4
    action-reaction arco's Avatar
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    I dont normally look at this one but there appears to
    be a bearish Gartley still playing out.......

    If we see a TL break north that should be a good sign....

    rgds - arco
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  5. #5
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    hi arco

    i just got in on the spike lower at 155 36 long

    61.8 xa leg

    so see how it goes

  6. #6
    Legend peat's Avatar
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    Question

    dont get what you guys are saying
    bearish gartley break north ?
    goin long...?
    For clarity, nothing I say is advice....

  7. #7
    action-reaction arco's Avatar
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    Evening Peat

    DB has gone long on the recent spike which formed a small genetically modified bullish Gartley (extended C leg) off the bigger bearish Gartley
    .
    I dont have a position - prefer to wait for a TL break and test.

    rgds - arco
    Last edited by arco; 09-05-2008 at 10:43 PM.
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  8. #8
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    sorry peat my posts are getting worse

    my direction is based on daily channel trade so posted a hammer on lower channel

    so i reckon its a long from dailies

    bearish gartley on hourlies i have used as my entry 61.8 xa target

    probably jumping the gun but its looking like hammer print on hourly and bouce off rising trendline

  9. #9
    Legend peat's Avatar
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    er yeh ok!
    good luck DA
    For clarity, nothing I say is advice....

  10. #10
    action-reaction arco's Avatar
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    Not planning to trade this at the moment, but
    looking at the daily chart throws up some future possibilities.

    The ABC Gartley derivitive was the short trade we
    should have been on for about 400 pips.

    Good weekend all -arco
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