Euro this week, down before final leg up to 1.349

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Long

Euro Fx/U.S. Dollar (FX:EURUSD)

FX:EURUSD Euro Fx/U.S. Dollar

Looking for the upmove to continue on the 13th after hitting the 23% retrace from 1.275 low... up to 1.349 follow by a nice sharp drop

great template, congratulation.... do you think the upmove has enough power to reach your long target of about 1.348-1.349? if yes what would you think about the timing? next 2 weeks?

butterliesel

we should be at least to 1.349 by next week "Augs 21st"... I suspect we might have a big down followed by a sharp up (whipsaw) action on that date... new target is 1.356

99nines

just to verify... ;-) now we will be long till the 21 of aug, in this time we should reach a target about 1.35. After this it will rise sharply down to about 1.31 region?
Is anything special on the 21 of aug?

butterliesel

Aug 21st is a tricky date... check a forex calendar to see the big event.... I expect price to pause around 1.349 bears may make a stand there.. but should resume it's way up to 1.356

99nines

Probably at 1.356 by Sept 2nd..3rd...

99nines

was very interesting for me to find you here, someone who was also long at this stage, you made a really good job, thank you

99nines

i've checked the calender, yes it is correct, will be interesting to see what happen...

I was long as you are, but all the other traders where laughing at me.. but i thought the upside move will be finsihed around 34

butterliesel

hehe, I love it when they laugh... congratz! but no, i'm pretty sure this is going above 1.34.

99nines

same here :-)... we will see who is laughing at the end of the comming 4 weeks...

butterliesel

lol... go bulls!

99nines

yessssss.... have a nice or evening... we have here now 3 am so i have to chill down a bit and relax
I will keep a close eye on your charts...

butterliesel

very cool, I have a website coming up soon with projections for most major currencies and stocks... phitrades.com..not up yet but should be in 2 weeks.

99nines

i will be your first follower there...

99nines

do you trade for your own or also for thrid parties? on a mam or something like that?

butterliesel

My own, for now... :)

99nines

ok, keep me updated about phitrades, will be great to have a look at when you are ready to go

butterliesel

enjoying the show? :)

99nines

absolutely... :-)

99nines

i'm just trying to find out when we will see the first pullback/retrace and how strong it will be...
Do you think a retrace will come at the end of this week? do you have skype?

butterliesel

first really strong pullback should be around 1.356-8... I dont really skype, but will have workshops once my site is up where we talk share ideas and talk

99nines

that being said.. 1.349 is a significant level, we need good news to get past that. (which I believe will come tomorrow)

99nines

did you have seen that the situtation in europe are even more worse these days and in the near future, maybe this will have an impact too..

99nines

ready for the bullrun?? ;-)

revising this high... no longer targeting 1.349, instead I'm targeting 1.356

To be clear... my new top target is 1.4039 by Sept 22nd.... but i see a nice retracement at 1.356

Looking for this short to continue down... see latest predication

Dude, you have excelled yourself on this one, GOOD JAARB! ;0)

aceofswords

ty ty ty :D

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