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simplegreen

01/16/11 9:54 AM

#74032 RE: villas #74029

GM villas..I guess if I had a guess on EUR/USD I would say this week may bring a downcycle to its current consolidation that began about 12/1....heres a 4 hour chart that appears to once again is at a peak and primed for downside move...not talking about trend change but correction at least back to 131s...whatcha think?..chart

simplegreen

01/16/11 10:00 AM

#74033 RE: villas #74029

BTW villas...am not saying that E/U will open the week as a short but do believe there will be some ABCD action at this area with significant downside when it breaks out of this current area

simplegreen

01/16/11 10:20 AM

#74036 RE: villas #74029

villas...one last comment on E/U...I believe there will be a near term short opportunity at some point this week but in looking at daily again as well as weekly it seems that there may be a lot more upside to that thing long term.On a daily chart using TD Sequential its sitting with a count of 3 to the upside and that a 3 out of an expected string of 9 candles!..think I'll trade something else for now(LOL)

daiello

01/16/11 6:08 PM

#74042 RE: villas #74029

Sunday? or Monday?