Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by Sean Hyman

Looks like the inverse head & shoulders pattern is for real...so here's the mnimum price target.

It can also be double top, if the price falls from here.

If you see the earlier fall on 1 st june, from 1.2335 levels.

I would prefer to watch from here. My guess is it is merely the S & P pushed the price up today.

Guess what I know? (NOTHING) I'm going into "Rope-a Dope" mode. This is agonizing. There ain't any good News about the Euro, or any bad news about the Buck. The market defies logic. mmph, mmph, thumb sucking sound!
Madaam B has disappeared for now. I was looking to kick Her in the "Butt", "OK Sean". Still She maintains Her Prediction of 1.17 in the near future.

Originally Posted by MoneyInc.

I see a good drop ahead! What do you guys think?

Indicators are overheated..Should be cooled..
Also empty space have to fill up..

Looking at the 3 Hr Chart, we have the 4th Expansion Target almost reached and established from the first surging peak which many of us called the "a & b" prior to this, which I still believe in "c", and which is the first leg of Triangle C.

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Attaching 3 hr

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Originally Posted by bill2759

Guess what I know? (NOTHING) I'm going into "Rope-a Dope" mode. This is agonizing. There ain't any good News about the Euro, or any bad news about the Buck. The market defies logic. mmph, mmph, thumb sucking sound!
Madaam B has disappeared for now. I was looking to kick Her in the "Butt", "OK Sean". Still She maintains Her Prediction of 1.17 in the near future.

Maaaaaaaaaaaan !

Originally Posted by bill2759

Guess what I know? (NOTHING) I'm going into "Rope-a Dope" mode. This is agonizing. There ain't any good News about the Euro, or any bad news about the Buck. The market defies logic. mmph, mmph, thumb sucking sound!
Madaam B has disappeared for now. I was looking to kick Her in the "Butt", "OK Sean". Still She maintains Her Prediction of 1.17 in the near future.

Well once that head & shoulders pattern completed ...it does give room for a "bear market rally" that is fairly sizable. So I'd just say because its gone "so far, so quickly" that its just due for a sizable bounce.

It should bounce up to the monthly chart's head & shoulders neck line and then likely resume the downward trend from that point. That's my take. We'll see. Time will tell.


Nice improvement on the language, Bill...I didn't have to edit your post. hehe!

Taken A short position @12340 target 12200..my stop is @12365

Originally Posted by zion

Taken A short position @12340 target 12200..my stop is @12365

DITTO !!

SL @ 1.2366

Originally Posted by MoneyInc.

I see a good drop ahead! What do you guys think?

Hey MI,have not see your posts for a while....So is it just me that thinks equities mainly 'dow' has been the push on the eur again today?
I thought 12310-20 would be when it gave up steam. Your thoughts?

3 hrs. left to trading Dow up 130.00 pis. volume 79,921.518

Kind of a stretch calling that a Head and Shoulders on Your 4 Hour chart. More like a shoulder and a sloping Gorilla Brow. A very distorted pattern. Sure hope Your wrong.

Look at me, being critical. I know NOTHING!

Originally Posted by Sean Hyman

Well once that head & shoulders pattern completed ...it does give room for a "bear market rally" that is fairly sizable. So I'd just say because its gone "so far, so quickly" that its just due for a sizable bounce.

It should bounce up to the monthly chart's head & shoulders neck line and then likely resume the downward trend from that point. That's my take. We'll see. Time will tell.


Nice improvement on the language, Bill...I didn't have to edit your post. hehe!

Originally Posted by MoneyInc.

My nose is a little pointed from being in the corner so long, hehe

Haha your back!!!

Missed you Money man. I must say more folk have open themselves to long profits since you left, or at least they've become more brave about voicing their long positions despite the previous atmosphere. So your exile has not been in vain. Now if you were buying dips, and price never fell below your buy price since you've been gone? You should be swimming in profit? Hope everything went well.

A-Yo Bro

Ouch! now thats quite a rally, 10 straight 1H bullish candles.Third resistance is at 1.2358 it usually retrace at this level 8/10 times taken into consideration the strength of the rally back to the pivot and capped at S2.

This is what the chart might be saying since i cant predict the future i just look at repeating patterns...hehehe

Anyways anyone with different counts or take on this???

Hi Bill,

With due respect to Madam B, and not with-standing the "when" that would be part of my question in considering 1.17, I believe that the following chart shows you what we shall see in the next week and this.

The Orange Line denotes the approximate movement as I foresee it.

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Attaching:

W4 Triangle Alert 3Hr

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