Having had my two last EURUSD charts not work (reiterates why you should make up your own mind),
I kept a close eye on my short trades and chipped out at a small profit, yes I had doubts, (esp as Mr. Draghi was going to involved: volatility)
The cup shape (unusual for this pair, I have some idea they form under major long term lines) is approaching an interesting point. The Median Line of a huge long term Mod Schiff pitchfork. The dates of the B/C points are 2011-05-04 / 2012-07-23 respectively. It has delineated pivots quite well.
The maths of the little xabcd as far as I can see are good (being a big subscriber to Fibonacci I'm determined to get one of these to work), I cant find one that's actually seemed to me conform to the text book.
rounded very slightly X-B + A-C = B-D and the yellow channel lines match up.
If it reaches point D, I hope a bit of tradable bearish 'electric' shock effect.
Currently pushing up off the 1.318 of a major down trend ... Good retail figures ...
(Just a (non-serious) footnote: can central bankers stay out of banking because they ruin my drawings. ;) )
I kept a close eye on my short trades and chipped out at a small profit, yes I had doubts, (esp as Mr. Draghi was going to involved: volatility)
The cup shape (unusual for this pair, I have some idea they form under major long term lines) is approaching an interesting point. The Median Line of a huge long term Mod Schiff pitchfork. The dates of the B/C points are 2011-05-04 / 2012-07-23 respectively. It has delineated pivots quite well.
The maths of the little xabcd as far as I can see are good (being a big subscriber to Fibonacci I'm determined to get one of these to work), I cant find one that's actually seemed to me conform to the text book.
rounded very slightly X-B + A-C = B-D and the yellow channel lines match up.
If it reaches point D, I hope a bit of tradable bearish 'electric' shock effect.
Currently pushing up off the 1.318 of a major down trend ... Good retail figures ...
(Just a (non-serious) footnote: can central bankers stay out of banking because they ruin my drawings. ;) )