nmike
Short

EUR / USD update (daily)

FX:EURUSD   Euro Fx/U.S. Dollar
3039 10 11
This was a picture perfect CLONE HIT.The reason why cloning works is that more often than not price movements tend to move with equal up and down swings. They also plot support and resistance levels, but the best thing is that CLONES give you price projections.Like any other technical tool, it is best used with other indicators for further confirmation.One that works well with CLONING is the Fibonacci levels. The EURO             has broken the up channel with a big red candle. The two near term downside targets are 1.3170 and if that doesn't hold then the next target is 1.3000. As I always say in most of my commentaries , MIND the DIVERGENCES.
velu1986
3 years ago
what i do. EURUSD Buy or Sell ? today
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nmike MOD velu1986
3 years ago
for short term day trading it's hard to say, daily swing is now short
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nmike MOD
3 years ago
>>>ALERT>>> clone BREAK....
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nmike MOD
3 years ago
...the EURO has bounced off a resistance line, next near term target is the top of reference channel
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moonwalker
3 years ago
very nice ..... you are the best of the best ...
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nmike MOD
3 years ago
....after a fake out at trend line support the Euro is continuing it's down trend, next support is at around 1.2800
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hit and run?
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nmike MOD
3 years ago
....could not break reference channel...now holding at red line support
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nmike MOD
3 years ago
....EURO is having difficulties rising above reference channel, we had a MACD negative divergence at reference channel top, could see Euro fall back to red line support near term
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