Τρίτη 23 Αυγούστου 2011

fibo cluster zone at 14650 - 14670

So, it seems the correction was over at 14255 and now we have entered a third wave which will eventually take us above May's high to probably new highs at 15200 and 15400... First obstacle the market has to break through is 14650 - 14670 fibo area where a very interesting fight will take place... Afterwards, we expect eurusd to head to 14950 area and then to new highs...
Take care and trade safe...


Δευτέρα 15 Αυγούστου 2011

upside target is achieved...

... we should be heading downwards now...
It seems that the B wave correction is in its final stages (probably a few more pips up before it finishes...) Should that be the senario, we should be careful for the last leg of the correction which will take us downwards to probably below 14000 area, before the whole correction finishes...
take care and trade at your own risk...


Τετάρτη 10 Αυγούστου 2011

a little more down, then up, then down again...

... to complete the correction... then probably a new wave up will begin, breaking 14950 highs and targetting 15200 area at first... this is my outlook for eurusd for now... target for the 2nd wave at 13985 area...


Δευτέρα 8 Αυγούστου 2011

doesn't that look like a flat?

well, it does look at me.. and it's probably part of the larger correction that started in May... therefore if I am right any drop in the blue area near 13970 area is a strong buy signal for a move up above the highs of 14535... So, so far, since May we had a complex zig - zag and we are now in the middle of what appears to be a flat correction... therefore IF this senario is right we should be expecting at least one more corrective pattern to unfold before the final thrust to new highs... If I am proved wrong, I will have to reassess...

Take care