Tuesday 14 December 2010

EURGBP & €$



We could have a spectacular CL failure here in EurGbp. I have shown forks off all the major pivots and you can see each one delineates a seperate SH or SL. The Mod Schiff is in light blue. It does not matter if price reaches all of these. If it does not reach the Andrews fork then a reverse is highly probable. To add the reaction lines would move you one step closer to a trade plan/setup/ entry (but i have not had the time). One reason i have posted this is because there is absolutely no doubt or confusion over the ultimate P0 pivot. Below a simple fork with RL in$ and some further low Tf charts showing the support we need to break through to go lower. Also in the DX ( see previous post & the DX H1 MT chart.Price has rallied up and hot the underside of the yellow RL. at 79.85

No comments:

Post a Comment