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
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 […]
$AUDUSD: The butterfly within ABCD
For some unknown reasons, I can’t tweet the chart I posted in Chart.ly. Anyway, here is the $AUDUSD chart I was talking about. A bearish butterfly formed within the bigger ABCD swing.
ABCD $AUDUSD
AndrewUknown pointed out an ABCD formation in the comment section my $AUDUSD post few days ago. Now the bearish rising wedge might potentially be invalidated, well, it is too early to make the call now, if the bearish wedge failed to realize, we might see 0.9350. I thought I will post the chart here in […]
