By mike on July 8, 2010
EURO:
Daily: price hit outer trendline forming double top. this is a good bearish signal
4hr:price hit the roof of the bullish channel, might wonna retrace
15m TF: this will validate the above speculations. if price take out the last support, pull back and hit the trendline; we might just start the begining of a new retracement that could produce 200pips
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My name is Fowope A. Mike, a mathematician and teacher, who has worked in one of the leading banks in Nigeria for 8 years. I started trading the Forex two and half years ago. I am a chartist, who vehemently believes in 'Trading what you see on the chart'. My trading concept is looking for convergences at important levels. I employ harmonic patterns, multi time frame analysis, trendlines and fibonacci retracements as my trading tools. I am a contributing editor for currency market column of stock watch magazine in Nigeria.
