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Forex / European Session - 22/10/2008

Posted 10-22-2008 at 02:06 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,2858. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. => We could take a short position at 1,2880. We will put the stop loss above 1,3000 (-120 pips). The targets are 1,2740 (+140 pips, risk/reward 1:1.2), 1,2500 (+380 pips, risk/reward 1:3.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,2890 - 1,3000
Supports
...
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Forex / European Session - 23/10/2008

Posted 10-23-2008 at 01:19 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,2794. EUR USD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue to gather momentum. => We could take a short position at 1,2800. We will put the stop loss above 1,2875 (-75 pips). The targets are 1,2660 (+140 pips, risk/reward 1:1.9), 1,2540 (+260 pips, risk/reward 1:3.5) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
Resistances
1,2850 - 1,2935
Supports
...
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Forex / European Session - 24/10/2008

Posted 10-24-2008 at 01:56 AM by Mataf (Currency Majors Technical Analysis)
EUR/USD - Euro Dollar
1,2784. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,2735 (49 pips). If the support is broken then the target will be 1,2400 (384 pips). => We could take a short position at 1,2780. We will put the stop loss above 1,2900 (-120 pips). The targets are 1,2600 (+180 pips, risk/reward 1:1.5), 1,2400 (+380 pips, risk/reward 1:3.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1...
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JPY pairs could re-test the low's & possibly new lows

Posted 10-26-2008 at 05:16 PM by Auslanco
Updated 10-27-2008 at 05:58 PM by Auslanco (trade update)
Trading Opportunity.

EUR/JPY

Current Price 117.30

Short Target: 113.78
Best Entry level : 118

StopLoss Above 119.60

The take profit target level was reached
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