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 […]
Trading Journal
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 […]
$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, […]
$EURUSD : Speculative long maybe?
I was thinking about shorting EURUSD yesterday at 1.3 level, and in fact, I did. I closed the position with some small gain. Had another look at EURUSD, We have a pennant formed at the top, broke out, and now we are back to the back of the trend line. Now it got me interested […]
Updated chart of $NZDUSD 13 September 2010
So now we are in the vicinity of 161.8%, and the last valid D of Bearish butterfly. Kiwi touched 0.7345 during Monday London session. We shall see if the pattern is to hold or invalidated soon. Short stop is above 0.7350 Here is the updated Chart, the Butterfly.
$EURJPY 13 Sep 2010 , a butterfly flying?
It is harmonic time again! 🙂 A Bearish Butterfly is found to be ‘secretly forming in hourly chart of EURJPY. And we are now at 1.618% extension level. Let’s see how it works out later. Here is the… Butterfly!
