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EURusd - Sunday Apr 25th 2010


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Currently it's around 5 hours before the market open at Monday.

 

I think EU will gap up at least touching around 1.3425.

 

It's just a price action analysis though...

- coz the price is closing nearly very bullish, near the top of yesterday high.

- the candle at D1 is a little bit triple bottom.

- the price is around 1.3380 a number which I think will break 1.34xx.

sorry, can't really give any detailed technical analysis.

 

Well, I entered long 2 lots. It's one of the privilege having an account at Oanda, that we could trade even when the market is closed :D

 

I could be wrong though, let's just see what happens on Monday.

 

Regards,

The foolish and greedy me.

Ore no Shinka Hikari yo Hayai. Zen Uchi o Nani no Mono Ore no Shinka Chuito Kore Nai.

Ten no Michi yo Iki. Subete o Sukosadoru Otoko.

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Guest grump

Good luck wit that it's very risky to trade in the gap.

However the market is never closed just the brokers

 

The market now is trading around 1.3400 so it's going your way lets hope it keeps up when the brokers open..

the grump

 

 

Currently it's around 5 hours before the market open at Monday.

 

I think EU will gap up at least touching around 1.3425.

 

It's just a price action analysis though...

- coz the price is closing nearly very bullish, near the top of yesterday high.

- the candle at D1 is a little bit triple bottom.

- the price is around 1.3380 a number which I think will break 1.34xx.

sorry, can't really give any detailed technical analysis.

 

Well, I entered long 2 lots. It's one of the privilege having an account at Oanda, that we could trade even when the market is closed :D

 

I could be wrong though, let's just see what happens on Monday.

 

Regards,

The foolish and greedy me.

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Overall, It's in a strong downtrend..it's near the 4hr resistance trendline and had just finished almost 200 pips retrace against the trend,

there are much safer trades to take

 

Also, if you are trading off of Daily charts...you shouldn't be out of the trade yet anyways cuz you should have a larger SL.

It still could quite possibly go up, but may have down move first...DON"T Like how the last day candle create a new low by 60 PIPS! not a good sign of heading up

Edited by 4xinvestor
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Try to make prediction by applying Wave Principle from Elliot Wave.

Please apologize if it will have gone wrong.

 

http://i720.photobucket.com/albums/ww202/Fajarini/Indo-Investasi/20100426-EURUSD-H4.jpg

 

http://i720.photobucket.com/albums/ww202/Fajarini/Indo-Investasi/20100426-EURUSD-D.jpg

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