Here is the Swissy chart that I am looking at. I would like to see some price rejections in this zone before establishing short position. Notice the ABCD formation is completed in the resistance zone as well. Just look at the chart, I am too lazy to write lately. It is really not difficult to […]
ABCD
Another look of $EURGBP, the big picture 17 Oct 2010
Let’s have a look at the weekly chart of $EURGBP. We have a pennant forming, with ABCD and Bullish Butterfly formations within. It is just so beautiful. I see two possibilities here. First, we might start to have correction right now with 88 level as immediate resistance. Second, we might have another leg and approach […]
ABCD..$EURGBP 13 Oct 2010
Just in case you are into this, there is an ABCD formation in hourly chart of EURGBP. I looking at 0.88 level to be broken for any further downside possibility. Here is the Chart!
Is it time now? $USDCAD 12 Oct 2010
I mentioned in twitter yesterday, I was considering building a small long position of USDCAD. I thought it will be easier to share a chart here. We have completed a Bearish butterfly, and ABCD formation. Of course, there are other factors to be considered, from technical point of view, I am interested in keeping my […]
Potential patterns in $EURUSD.. or not.
I intend to confuse you with this chart. Have a look at EURUSD daily chart. I am looking at two potential targets. First is the completion of ABCD formation at around 1.4040 level, and second will be the completion of Bearish Butterfly formation at around 1.4187. Well, in the perfect formation, ABCD should be part […]
ABCD..E for $EURUSD 29 September 2010
It has been a messy week so far, I just can’t see any valuable entry. Probably, I will just take the week off. Anyway, $EURUSD has been notoriously bullish lately, with now, the upside target, I am looking at potentially 1.3770 area which is also the completion of ABCD formation. The short term market is […]
