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- magictrader replied Aug 22, 2008
Everyone is happy now
. We're at important Fibs, and on M15 there is reversal candle formation, on M30 also.EURUSD
- magictrader replied Aug 22, 2008
Ok, TP hit. 23 + 55 pips from this move. Have a nice weekend.
EURUSD
- magictrader replied Aug 22, 2008
First res @ 1.4867 (50% of last M15 candle down) and second @ 1.4873 (50% of H1).
EURUSD
- magictrader replied Aug 22, 2008
1.4860 still holds and there is no help from cross pairs. Let's see what news brings to us.
EURUSD
- magictrader replied Aug 22, 2008
not good behavior from EURGBP and EURCHF, not good. We should drop like GU
.EURUSD
- magictrader replied Aug 22, 2008
now everything looks ok, but the news... (could help or not).
EURUSD
- magictrader replied Aug 22, 2008
but oil still at high. The best confirmation for short will be H1 close below 1,4878 area. It's 50% of last bull candle.
EURUSD
- magictrader replied Aug 22, 2008
I see also H&S and ABCD pattern. If this failed then with high probability we will see 1.5... It's on H1 too.
EURUSD
- magictrader replied Aug 21, 2008
Saudi Arabia is the first but Russia is second supplier, and of course USA is the largest consumer.
EURUSD
- magictrader replied Aug 21, 2008
Also H&S formation, after pull back we can go higher to fill the formation. But now I'm trading short because of H1 candle and harmonic formation.
EURUSD
- magictrader replied Aug 21, 2008
There is also some bearish harmonic pattern, I'm going short when this H1 candle close with SL=25 and TP=60.
EURUSD
- magictrader replied Aug 21, 2008
50% of last up candle on H1 holds, so without breaking it there is less possibility to go down. I was hoping that it won't hold.
EURUSD
- magictrader replied Aug 21, 2008
When H1 close below 1.4860 then there will be confirmation for down movement.
EURUSD
- magictrader replied Aug 21, 2008
Yes, for me there is ABCD pattern on H1 with candle confirmation on M15 and M30. Also it bounce from weekly pivot @1,4894.
EURUSD