EUR/USD London session review and outlook, September 29 - 2011
Regards
Alejandro Zambrano
Currency Strategist | DailyFX Forum (London) azambrano@fxcm.com
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hmm that pattern correctly predicted a leg down.. however i think its going to bounce of the low trend line should see rally back up from 1.360 continuing the rise, the better than expected news i think put a floor here temporarily.. keep tuned to the latest news in europe but i think we have some breathing room for now
guess i was wrong about the 1.36 that would have been 23.6 now were shouwing a nice turn around at 38.2... i think we have a 38.2 turn around on our hands
Last edited by surfingerman; 09-29-2011 at 01:47 PM.
What does this look like to you, an IHnS or a tea cup? I've got tea on the brain so that's what I want to see, but it's acting like a tea cup, looks like a tea cup, so maybe it is. Or maybe it's just an illusion by double top standards? We should be at 1.3800 by now, what's the hold up?
guess i was wrong about the 1.36 that would have been 23.6 now were shouwing a nice turn around at 38.2... i think we have a 38.2 turn around on our hands
What does this look like to you, an IHnS or a tea cup? I've got tea on the brain so that's what I want to see, but it's acting like a tea cup, looks like a tea cup, so maybe it is. Or maybe it's just an illusion by double top standards? We should be at 1.3800 by now, what's the hold up?
Happy Trading,
t3t4
I don't know what it is. But I feel like I am missing something. I guess I miss that big pull back before going further down. Don't you guys think so? at least the fundamentals suggest the same thing doesn't it? BTW I have had a lot of H&S or double tops that didn't full file their destiny. But you have a H&S formation there buddy.
I don't know what it is. But I feel like I am missing something. I guess I miss that big pull back before going further down. Don't you guys think so? at least the fundamentals suggest the same thing doesn't it? BTW I have had a lot of H&S or double tops that didn't full file their destiny. But you have a H&S formation there buddy.
If so, then it has failed to perform. However, it's right on Q for the cup and handle approach. The last one we had on 9/26 was worth 200 or so pips, if this one works like before then I'll be a happy camper!
there is a good posability that if 13550 breaks then short tgts will be :
3537
3460
I always add spread on to to any tgt to ensure the trade closes so add couple of pips
so break of 3550 i am looking at the above targets.
there should be a bounce too off 3460
I intnd to scalp this from the level of 3550
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Originally Posted by MysticMegatron 
