Patterns:
- weekly expanding triangle E around 1,366070, which wouldbe B monthly for down below 1,2744, 20130404 low into C;- move up from 1,3460 supposed to be ZZ seen on Daily TF toform 5th of ED; - ATM we could topped 3ED although I expect one more push upinto Butterfly Sell where I expect retrace down into 4ED, 38,2 (50% max); - currently possible 2 scenarios:1. down to 1,3474 and 2 days climbing up against current HHand then into 5ED2. 2 days slowly falling toward 1,3474 and then up; - breaking 1,3685 would be 1st warning that 520130201 high @1,3711 is under pressure BUT 1,38+ will tell if we get bigger retrace or more
up move is to expect; Trading plan for 20131001 : 1. Sell limit @ 1,3620, SL @ 1,3712, TP @ 1,3520 -1,3474; size 2% = 0,12M2. Buy limit @ 1,3474, SL @ 1,3459, TP @ 1,3620 - 1,3664;size 2% = 0,15M Picture:Weekly & Daily
Good trading!!
- weekly expanding triangle E around 1,366070, which wouldbe B monthly for down below 1,2744, 20130404 low into C;- move up from 1,3460 supposed to be ZZ seen on Daily TF toform 5th of ED; - ATM we could topped 3ED although I expect one more push upinto Butterfly Sell where I expect retrace down into 4ED, 38,2 (50% max); - currently possible 2 scenarios:1. down to 1,3474 and 2 days climbing up against current HHand then into 5ED2. 2 days slowly falling toward 1,3474 and then up; - breaking 1,3685 would be 1st warning that 520130201 high @1,3711 is under pressure BUT 1,38+ will tell if we get bigger retrace or more
up move is to expect; Trading plan for 20131001 : 1. Sell limit @ 1,3620, SL @ 1,3712, TP @ 1,3520 -1,3474; size 2% = 0,12M2. Buy limit @ 1,3474, SL @ 1,3459, TP @ 1,3620 - 1,3664;size 2% = 0,15M Picture:Weekly & Daily
Good trading!!