JayJay

JayJay

Addition to previously published idea.. First take profit around 1.3420.. Bernanke coming up this week.. could prove volatile.. use large stops.. Good video on this: www.youtube.com

JayJay

EURUSD approaching descending trendline from 1.6 high within an overall corrective EW pattern along with 0.618 retracement from 1.50 high / 1.20 low.. This count calls for another major leg down towards the 1.20 lows.. Current major leg from 1.2750 is also overlapping and thus corrective in nature adding further weight that current leg is a "B" wave.. We will...

JayJay

Lot of fib confluence around 2800 area where several Gartleys are to meet. EURUSD is carving out a double bottom under convergence while DXY is making higher highs under divergence. This tells us that the markets are favoring the Euro right now.. Long around 2780 with stop under 2750 for longer hold.. This chart is inspired by, and dedicated to a special little...

JayJay

If this count is correct and this is an ending diagonal, we should see a clear 5-wave up, which if it doesn't break back below the 1.2750 low upon correction would mark the start of a new push to the upside... Key levels are 1.2837 and 1.29 An ending diagonal would also coincide with current events surrounding Cyprus.. as many have anticipated a bank run and for...