Forex Naija

http://www.forexnaija.com/?p=1468

for those who took the call, stop should be shifted to break even

and for those who missed the call, well, there might still be opportunity to get in if

price waves as illustrated below

http://www.forexnaija.com/?p=1372

Tha was posted on june 7 when euro was at 1.8???. there is still much room to the upside but lets look at  the following possibilities

Intra-day

The bullish channel is still holding with possible correction at the bounce of the trendline and next assault possibly 1.3400

Daily:

possible bearish gartley continuation pattern with price close to entry. anybody trading the gartley should wait for price to break the 1hr bullish channel and get in at the retest of the trendline, looking at  1.3000 as target before the next rally.

Daily:

Price broke the bullish trend line and took out the major support at 1.0512 to form a bearish impulsive wave. we are expecting a retracement to 1.0906 which have several confluences including; trendline bounce, 38.2 of the bearish swing and key level. Moreso, the bullish harami candle stick pattern at key level looks very much likely to fire a bullish run

1HR:  price gave a perfect bullish butterfly touching the key level and a possible bullish crown in the making will fire a confirmation of  a rally till 1.0906.

3rdjuly_2010

download the above link for the PDF

thanks