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!
ABCD..$EURGBP 13 Oct 2010
Chart of the moment
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 eyes on this pair at the moment.
This is an idea, and I am still developing the thesis. Let’s see how it goes.
Just something for you to think about.
Here is the …. CHART!
Is it time now? $USDJPY 04 Oct 2010
Here is the 240-min chart of USDJPY that I am looking at. Do you see the pattern here?
Here is the chart.
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 of Bearish Butterfly formation, let’s see.
Seeking the harmony within.
Now, let’s get confused with the CHART.
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 just getting me confused, so I have been watching bigger time frame for a better, clearer picture. Oh, whatever…
Shoot me a comment if you find the ABCD formation is invalid.
Here is the CHART!
$EURCAD 21 September 2010
This is the trading idea that I tweeted during early Tuesday Asian morning. I am looking at short opportunity. $EURCAD failed to go through 1.35, which is also previous week’s high. It appears to me that price is struggling around this area. Well, let’s see. You know, I can be very wrong, sometimes. :-). Anyway, should EURCAD start to fall, I am looking at 1.34 level as first target.
Here is the CHART!
