Eurusd/gbpusd - page 184
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Comment: Can anyone spot a 'black swan'? The Euro is consolidating at the very top of this year's range, is not overbought (though bullish momentum could be stronger) so expect another burst higher hopefully by the end of this week. Our measured targets are 1.4600 and eventually the psychological 1.5000.
The following is a long-term Market Profile analysis I did whixh was posted in May on FF. The long-term view still holds.
EURUSD - Page 6598 @ Forex Factory
May 21, 2009 7:31pm
notch
The market really doesn't like these levels. Historically, it has spent a very short amount of time here. Historically, both both parties have agreed that these levels do not represent value but since the auction process caused an upward distribution from the following levels 1.35503 to 1.36013 on numerous occassions we favour demand being cut once price has been bid up to 1.46209.
Once 1.46209 has been achieved it is likely that there will be period of consolidation between 1.36905 - 1.46209. However, the auction process is likely to continue in the upward direction ultimately seeking market symmetry at 1.54876. The move from 1.46209 to 1.54876 is likely to be very rapid after which a fall back to 1.46847 is expected. There then should be a push to 1.56661 at which point excess supply is likely to enter the market.
LONG TERM the auction process rejects the levels between 1.36905-1.56661 and seeks balance between 1.20590 - 1.27728.
I can't give you time & price without digging into by Fibbonnaci time lines.
The following is a long-term Market Profile analysis I did whixh was posted in May on FF. The long-term view still holds.
EURUSD - Page 6598 @ Forex Factory
May 21, 2009 7:31pm
notch
The market really doesn't like these levels. Historically, it has spent a very short amount of time here. Historically, both both parties have agreed that these levels do not represent value but since the auction process caused an upward distribution from the following levels 1.35503 to 1.36013 on numerous occassions we favour demand being cut once price has been bid up to 1.46209.
Once 1.46209 has been achieved it is likely that there will be period of consolidation between 1.36905 - 1.46209. However, the auction process is likely to continue in the upward direction ultimately seeking market symmetry at 1.54876. The move from 1.46209 to 1.54876 is likely to be very rapid after which a fall back to 1.46847 is expected. There then should be a push to 1.56661 at which point excess supply is likely to enter the market.
LONG TERM the auction process rejects the levels between 1.36905-1.56661 and seeks balance between 1.20590 - 1.27728.
I can't give you time & price without digging into by Fibbonnaci time lines.i use olso fib time lines its show future short target
i use olso fib time lines its show future short target
Post the chart.
Post the chart.
i wish i cant sell email i was protected by yahoo for 48-h
What purpose does ZUP_Info serve apart from the description and uses loads of computer resource?
The pips are building off the back of the 1 min Zup.
mate, did you just get a bull pattern on 1 min gbp - 15-20pip movement.
not bad - keep us up to date.
I did get a bull pattern and managed to get 10 pips. There have been about 5 patterns today one of which was a loser.
nice % gains mate.