InsideMarket

InsideMarket

TRADE CLOSED: 210 profit 2.1 reward/risk trade profile.

InsideMarket

This is a intraday glimpse of what I should expect for a trend continuation. See my related analysis of USDJPY.

InsideMarket

Forecast. Drawings on the chart. :)

InsideMarket

CANCELLED. Update: Market moved as forecasted without triggering the orders. ___________________________ The prices followed my previous forecast. I am placing long position in this particular level to fulfill my expectations & rules of engagement.

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CANCELLED. Update: the entry was too conservative and the market did not play in favor. ______________________________ I look at the chart and think: WHY NOT?

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This is a pretty idealistic scenario, but this is what I should expect if my overall analysis is right.

InsideMarket

The price action hints me that could be an appreciation of USD through this week. Wednesday 15th the parliament of Greece will decide the Euro's bailout terms.

InsideMarket

Building up a case for long position.

InsideMarket

Forecasting a possible short position after ZigZag correction.

InsideMarket

UPDATED: check my last analysis. This major consolidation identifies various patterns. Take a look at Its complexity. Share a LIKE!

InsideMarket

A great area of consolidation between $1.07 & $1.14.

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Update: the trade has failed _________________________ This is suppose to be a surgical trade. Based on Elliot waves.

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Pretty simple. Share a LIKE!

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Update: trade cancelled the prices went 75% percent of the target before triggering the trade. I don't know if will be the rise (economy) of the USD or the fall (interest rates) of the AUD. Either way this is what I expect.

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Update: the market responded late to this trade. The gap somehow invalid the forecast ____________________________________ The last bullish momentum was just a gap-closing action. Demand seems too weak to expect another bull impulse. All clues leads to a short position.

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update: this trade has failed. __________ I expect the end of the correction and a trend continuation. Levels on the chart.

InsideMarket

I see similiarity with EURGBP. Just the range of price is different.

InsideMarket

For me the prices would go up, but it is a delicate moment. So, I think it is wise to see a confirmation. Share a LIKE.