The July story of EURJPY is mainly about the huge slump off 101.38 down to a little above 94.00 (over 700 pips).
The Fibo entension applied in the previously published manner gave the recent lows very accurately.
My new chaos findings implemented in forex trading
Moderator: moderators
EURJPY returned to 99.14 and no higher than that.
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- eurjpy1.09x.gif (52.15 KiB) Viewed 6390 times
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- eurjpy1.09.gif (41.62 KiB) Viewed 6391 times
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EURJPY is still in a range
EURJPY trading more or less sideways is now between two UPOs at
98.60 and 98.28.
Friday ended with a tone down.
However, fresh longs are there 98.42-98.28.
98.60 and 98.28.
Friday ended with a tone down.
However, fresh longs are there 98.42-98.28.
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- eurjpy1.09xx.gif (43.72 KiB) Viewed 6388 times
GBPUSD - the story goes back to May 17 and May 15
GBPUSD - the story goes back to May 17 and May 15. There we will find two selling areas marked in blue. The lower one needs to be raleted to the recent
rally slightly above big figure 1.5900.
THree UPOs from May 17 are at 1.5894 and 1.5870. GBPUSD managed to return to those repellers after three and a half months.
What else is clearly visible is the reinstallation of short positions marked by a UPO @ 1.5881 and then sharp reaction on a first attempt to 1.5870. It seemed those shorts were defended but no. Another attempt one day later was very violent and those new shorts established to defend shorts placed on May 15 higher are no longer there but quite unexpectedly no stops were found nearby and no stops were triggered connected to that 1.5881.
Friday ended with a tone up.
rally slightly above big figure 1.5900.
THree UPOs from May 17 are at 1.5894 and 1.5870. GBPUSD managed to return to those repellers after three and a half months.
What else is clearly visible is the reinstallation of short positions marked by a UPO @ 1.5881 and then sharp reaction on a first attempt to 1.5870. It seemed those shorts were defended but no. Another attempt one day later was very violent and those new shorts established to defend shorts placed on May 15 higher are no longer there but quite unexpectedly no stops were found nearby and no stops were triggered connected to that 1.5881.
Friday ended with a tone up.
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- gbpusdsept2x.gif (49.94 KiB) Viewed 5806 times
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- gbpusdsept2.gif (53.4 KiB) Viewed 5806 times
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- gbpusdmay15-17.gif (40.01 KiB) Viewed 5809 times
GBPJPY next cotarget 126.73
GBPJPY next cotarget 126.73.
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- gbpjpy14.09.gif (44.17 KiB) Viewed 4962 times
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126.73 done
126.73 done in such a short time.
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- gbpjpy14.09x.gif (39.42 KiB) Viewed 4758 times
GBPUSD fresh selling showed last Thursday
GBPUSD fresh selling showed last Thursday, from 1.6150 to 1.6133.
Earlier GBPUSD was sold at 1.6218 to 1.6228. But that dated back to September 28.
1.5976=4.669 of a 56 pips trigger down is now a major border from the bottom side. Watch for 1.6072 below which the picture remains bearish.
Farther down there is a UPO @ 1.5926 and more stoplosses hiding near.
That level is not a true support and GBPUSD may dip to 1.5909=5.8664 during
further fractal expansion of the said 56 pips trigger.
The blue area marks crunched longs a few sessions ago. However, those levels look still interesting and the week ended with a dead cat bounce off the lower line.
Earlier GBPUSD was sold at 1.6218 to 1.6228. But that dated back to September 28.
1.5976=4.669 of a 56 pips trigger down is now a major border from the bottom side. Watch for 1.6072 below which the picture remains bearish.
Farther down there is a UPO @ 1.5926 and more stoplosses hiding near.
That level is not a true support and GBPUSD may dip to 1.5909=5.8664 during
further fractal expansion of the said 56 pips trigger.
The blue area marks crunched longs a few sessions ago. However, those levels look still interesting and the week ended with a dead cat bounce off the lower line.
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- gbpusd20.10.gif (49.65 KiB) Viewed 3251 times
NZDUSD longs reinstalled @ 8131 to 8153 at risk
NZDUSD reestablished longs @ 8131 to 8153 on October 16 but the market is nearing their stops. There must be plenty of stops hiding below until the pink area. Within the pink region it would't find many stops because the rest are hiding from 8102 below. So buyers are under pressure. And the pressure comes from October 2 and begins from 8305. That action is clearly visible in the attached chart and was identified with chaotic tools.
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- nzdusd20.10x.gif (47.46 KiB) Viewed 3178 times
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- nzdusd20.10.gif (47.1 KiB) Viewed 3178 times
AUDUSD there must be a good reason for sellers
AUDUSD there must be a good reason for sellers to keep to their strategy.
Selling from 1.0447 to 1.0411 is intact. The single UPO @ 1.0287 is a rather weak point in this game. AUDUSD is bound to break lower towards 1.0164.
Selling from 1.0447 to 1.0411 is intact. The single UPO @ 1.0287 is a rather weak point in this game. AUDUSD is bound to break lower towards 1.0164.
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- auusd20.10.gif (38.91 KiB) Viewed 3177 times
EURUSD fresh selling emerged from 1.3101 to 1.3084.
Selling aims at 1.2959 essentially but first it needs to tackle with 1.3007.
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- eurusd20.10.gif (54.41 KiB) Viewed 4162 times
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