a17nphotography

a17nphotography

Just for information for downside possible objectives

a17nphotography

The Fibonacci : The Bear dominating the market for the last three weeks, this confirms the strength of the fib. key level (May 2011 high - July 2012 low). We have seen a clear break on daily candle at the end of the week, that will open a chance for this pair to touch 1.247. The Pattern : A Double top daily pattern is complete with 355 pips range. That would also...

a17nphotography

the midterm uptrend move to test 1.317 is fading as the pair goes further below the daily uptrend line and crosses it's ranging support. The upside move of this pair is now limited to 1.29 and 1.3 as the USD Index managed to close above 80.5 and escape the ranging cage to the north. the manufacturing PMI releases in several EU countries, the US Non Farm Payroll...

a17nphotography

Seems like the long term downtrend is still dominating the market last week the price fall again and stay away from the weekly fib. key resistance level a clear break of the daily uptrend line can may bring this pair down to 1.27. Seems like we have a hammer candlestick pattern that may be a signal of a reversal from bearish market to bullish market. This kind of...

a17nphotography

possible downside target would be somewhere around 1.286 where an uptrend line meets 1.272 fib. level I use this 1.272 fib. level as a test support/resistance if the price bounces at 0.618 (61.8%) fib. level and a possible target if the price bounces at 0.382 (38.2%) fib. level. for most MT4 user might not fund this value in fib. retracement tool. just for...

a17nphotography

Technically this pair has successfully bounce up from the bullish trend line and trying to test the 1.317 Resistance level. a failure to break this resistance level, we have 1.28 as support with a possibility to reach 1.26 if it breaks while to the upside the next resistance is at around 1.3475. We have Monti-Hollande-Rajoy meeting today, Rajoy, Hollande and...

a17nphotography

From the chart above we can see that 3 Fibonacci Retracement key levels are almost in the same price level. To my perspective this will provide a strong resistance and there's a possibility for the pair to do a pull back targeting 1.2750. Some Analysts points : - EUR/USD Gunning for 1.50 (Kathy Lien) - EUR/USD next target at 1.3287 (ProAct Traders) - EUR/USD...

a17nphotography

My idea is to go short after the stochastic leave the overbought level 80.

a17nphotography

I just read an ebook about Fibonacci level, and i find out about another important level in fibonacci extension, its 1.272 (or 1.27) and i find it in daily EUR/USD chart (wave 4) as a support. What do you think about this 1.272 ?

a17nphotography

This pair is in wait end see mode ?