About meWhen Mario Draghi Speaks, The Eur/Usd Traders Reaction Is Often = http://www.youtube.com/watch?v=SIaFtAKnqBU
The Card ACEOFSWORDS Stands For / Represents : using mental force being objective thinking your way through finding out the facts
USDCNH Bearish Pennant suggests a TP1 at 6.55400. Price may see a little upside test one or more of the levels
indicated by dotted lines, before downside resumes.Data Release likely to impact AUD, NZD & JPY
Caution with AU.... current bearish PA will turn bullish after downside to around 0.68926 a break and hold above 0.69260 should see price resume its rise towards 0.69580 Then bears should take charge. bringing the price back down again
Short CHFJPY after possible pullback or at Asia open Near term target is 116.286. However, further downside is anticipated, bring price down to targets at 114.540, (0.618 fib) and 106.936 (0.5 Retracement Level)
H&S on USDCAD 15Min Chart suggest the possibility of a mild retest of neckline, before price proceeds higher.
If neckline breaks, the fall is calculated to reach 1.44773 or test lower trendline THEN bouncing
swiftly back up.
GBPCHF broke through and held below trend line that began almost a year ago. PA at TP1 will be interesting and helpful in determining the strength of bears if it bounces off, or slices through the 1.47034 level. Either way, the overall picture points clearly to the downside with any upside PA providing ...