I open these threads (EU, GU, UCHF, UJ), to show you my own weekly analysis on these pairs.
For now i will write one post with the data of the analysis, so we can watch the results at the time they be reached.
I use the 4h. daily and weekly charts to see the moves.
if Weekly Pivot holds on the daily candle or the Weekly High it breaks in the daily too, then go long.
If WP doesn't hold or The WL it breaks, then go short...
Weekly Pivot data: 1.3213
For Long 1.33500
1.33830
1.34080
1.34350
For Short 1.30770
1.30450
1.30170
1.29900
FXOpen standard account data.
Remember: all signals must be taken for information purposes ONLY.
Second Target reached too. 1.3383.... i am thinking in a little break for the pair by now, looking for the WH broken area.... fantastic for scalpers...
Adding points, a good and last target for the week for long, could be the 1.3490 area (last weekly peak)
Weekly Close: 1.3333. Higher than last Weekly High (1.3294)..
1º-2º Long target Reached. after that, move down to the broken Weekly high. Reached too.
We can expect a higher move looking for 1.3490 area.
But wait, we've moving into a flat and stretched bollinger (20,2) in 4h and daily, so we can have some range period; but have a parabolic turn to the upside in the Bollinger(62, 2.6) that i use with confidence in the 4H, daily and higher, and that moves the balance in favor of an Upside move to me looking for last peak price (1.3487)...
Last edited by cesar; 03-31-2012 at 09:05 PM.
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We have on opening price above the pivot, so we can look, at first instance, for a move to pivot or WS1, or directly for an upside move...
with targets:
1.3454 1.3492 is a good resistance price.
1.3525
1.3559
If WS1 or pivot fail in keep the level in a daily candle, we can opt for a lower move looking for:
1.3181
1.3083
1.3050
1.3010 area, wich is prove act as a good support in the past weeks
Just a thought:
To me, Something very big is coming. if price can cross 1.3490-1.35 area, open a route for more upside til 1.4300 in 1º instance...
Point is i am almost sure we are into the flag of a monthly Bull flag formation. the next weeks ahead, show its real face.... but in my charts i can see Euro moving as far as 1.950 in the 2018....you know how this is ... maybe i am crazy.
But price recently touch the middle line of the formed monthly channel, and was rejected to upside. looking for the upper band of the channel (1.4300-1.4150).
if we have a correction again, who knows... but if not? door will be open.
Just technical... as i always did.
let you a chart:
Pivot wasn't hold, and it's obvious that a downside move was in play...
first target for short was achieved. at 1.3181... and a 2º target was reached too 1.3122 (but i don't know why i don't put in the post).
Particularly i sell the break of WS (1.3227) at 13220 in the 4h chart. by Now +81. (SL at +30)
1.3083 or 1.3050 are good places for those who look for long... but i don't know if it is convenient.
In the short Term the pairs seems to be heading in the bullish direction but on longer time frames 4H and daily charts its still maitaining a bearish trend
Weekly Analysis for EU
The Pairs Direction
