[Archive] FOREX - Trends, Forecasts and Consequences (Episode 8: October 2011) - page 56
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two days the price starts and ends the trading days at the same price...what's that about... some kind of pattern the other day...
Good day, Gentlemen.
The situation ahead of the summit, as always uncertain for some, is naturally very clear for others.
So what is happening now? Preparing for growth? Or is it a landing run again? This is what most traders are interested in right now. If we look at the chart, the closing of the week is requesting to be higher than 1.4036 (and maybe even higher than 1.43), but considering the psychologically important 1.4, it can not happen, though October is likely to touch this level. What's next? And then most likely, we will probably get a correction to the area of 1.25, because we remember November and December are the withdrawal months as usually, plus we take into consideration the Olympics in England, which will require one kilogram of gold for melting, and of course, why should the Euro rate increase, when the tourist flow to this essentially unique event, which has its roots deep in the history of our planet?
It feels like a left shoulder has been formed on the daily chart, the peak of which is yet to be seen. IMHO )))
P.S. Only the strong breakdown of 1.45 will be a signal to 1.5, in the given situation I consider it no more than a fantasy.
plus factor in the England Olympics, which will take a kilo of gold to melt...
what are you talking about )))) ok I'm leaving...
what are you talking about ))))) ok, I'm leaving...
the breakout did not take place, so there is a chance that we may go up, but the market is at a loss, there is a possibility of flat, but short position is also important, waiting for the breakout of the flat channel
The breakthrough has not taken place, so there is a chance that we may go up, but the market is at a loss, there is a possibility of flat situation, but short position is also relevant waiting for the breakdown of the flat channel
Medals, of course, which are getting heavier and heavier every year)))
what do you mean?)))
red finished...unlikely to go lower today...the longer we stay sideways - the higher the chance to go much deeper than 1.36...imho all of course...