HiTech
Short

EURUSD SHORT TRADE - 300 PIP TARGET

FX:EURUSD   Euro Fx/U.S. Dollar
1267 11 14
Once again my expectancy for the EURUSD             remains bearish . Downside target should be reched either on 23 or April or 13th of May.
Hi, can you explain better your idea?
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HiTech PRO girolamoaloe
please ask specific question
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I mean, can you share with you more details and what gives to you this idea?
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girolamoaloe girolamoaloe
**can you share with us. ....

I am trying to understand what are the points that let you think that the bearish bias can move the price so deep again.... and why you want consider it still bearish.
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The main thing here is the trendline, well the actual breakout of it. The idea is that market will travel down the same distance from the breaking point down (in our case ) as from the high to the breaking point. So that target is marked as support and it has been taken out, so the downside target is now double of the original. Fib cycles help with the timing
+2 Reply
uhmm... it is clear a part 1 thing.. Why you think that the distance from the bottom should be the same, then double of the original? what is the reason of this detail? .... if it becomes clear, everything in your chart becomes clear for me.
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HiTech PRO girolamoaloe
I don't think its based on statistical probability
+2 Reply
Another thing .... what are the Fibonacci Cycles? ... I know just the Fibonacci Retracements.
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HiTech PRO girolamoaloe
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_time_zones
+1 Reply
HiTech, your idea is interesting. We had supply coming in the EURUSD on Friday 17th. If this supply manages to overcome the demand at this levels. It could lead to a down move like the one you suggest. Take a look at my analysis of supply and demand:
Supply has entered the EURUSD market
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HiTech PRO TheShakeOut
Thanks for sharing, saw that already, lets wait monday... I already had my confirmation for a short
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