EJ and the bear flag
EurJpy has bounced off the bottom of the bear flag and should have a short move up be fore resuming to the breakout. Will look for sellers at the S7 124.51 area to head south again. Targets are 119.96 and...
Read MoreEurJpy has bounced off the bottom of the bear flag and should have a short move up be fore resuming to the breakout. Will look for sellers at the S7 124.51 area to head south again. Targets are 119.96 and...
Read MoreWe are getting mixed signs from the EURUSD. On the one hand we could be starting a 5th wace down once we break through the current channel. On the other hand we could be building a Head and Shoulders for a move up. A little...
Read MoreIf we hit the trendwall @ 1.3669, we should see a move off of it down. Market is playing with us right now but the technicals say we should continue down. first pulse should take out the 1.3594-.3586 former support and a break...
Read MoreEURUSD, USDJPY, EURJPY -I do these three currency pairs because they represent a cross section of the market as a whole – all matching up to possible opportunities on Wild Card, 6 Aces and Royal Flushes (Trending and...
Read MoreAs noted yesterday – we have to potential for this down move to be over now that the EU is comitted to helping Greece. If so we have just finished the head part. Today is a square up day so that could set it in stone, BUT...
Read MoreThe markets could turn quickly at even a hint of a resolution. Traders should expect unusual volatility and sudden changes in direction as traders jockey for position ahead of this monumental pact. A viable agreement is now on...
Read MoreEJ has a big target down at the 116.84 area. Break of the bear flag might want to consider staying...
Read MoreBuilding a nice bear flag on the EURUSD – look for sellers at the 1.3806 (.500 fibo) and at the 1.3858 area- Consolidating so be...
Read MoreHello Traders, After Friday’s NFP report, the markets are taking the start of the week to consolidate. The questions are: 1) Is it time for the USD Bull run to take a breather and allow for a bit of a retracement? 2) Or,...
Read MoreEURUSD, USDJPY, EURJPY -I do these three currency pairs because they represent a cross section of the market as a whole – all matching up to possible opportunities on Wild Card, 6 Aces and Royal Flushes (Trending and...
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