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Thread: EUR.USD

  1. #551
    Legend peat's Avatar
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    For clarity, nothing I say is advice....

  2. #552
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    OUCH! Went on holiday last week without putting a stop in.

    There went my gains shorting the Euro for the last few weeks in the 3 days since xmas...
    Death will be reality, Life is just an illusion.

  3. #553
    Legend peat's Avatar
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    bugger
    missed out on this short last night.

  4. #554
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    Well, I clawed back about a third of last weeks losses!...
    Death will be reality, Life is just an illusion.

  5. #555
    action-reaction arco's Avatar
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    Bravely held Steve.....


    ...................you may be able to save your
    bacon as Euro does a retrace to possibly form
    a BC leg of the potential blue butterfly shown.

    The red BF 2nd target is shown as the higher red box,
    which would if all goes well, form the blue BF for another
    correction.

    rgds - arco
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  6. #556
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    Hey Arco

    What are the parameters of your lower chart?
    Death will be reality, Life is just an illusion.

  7. #557
    action-reaction arco's Avatar
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    stochastic Dinapoli 833

    I've mentioned it here before.

    arco
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  8. #558
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    Thanks Arco, I will do a search...
    Death will be reality, Life is just an illusion.

  9. #559
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    Could the daily EURUSD be forming a double-top?
    Death will be reality, Life is just an illusion.

  10. #560
    action-reaction arco's Avatar
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    Steve

    IMO there perhaps could still be one more push higher to complete a 5 wave.

    Check the chart in post 555. The current action is heading along the blue leg line BC south from 1.4922 pivot point. That leg should/could terminate on the minor uptrend line circa 1.4550/4600 (not plotted). However, any break through that line should be viewed with caution, but if we see a reversal north at that point then CD is most likely underway to the red box target area shown - 1.5200-5400. Thats the red BF target and would also form a new blue BF for a fall south.

    GTA - arco
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