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hi all
thank you all for your nice words.
as u can see in the pic or entry point in eurusd did not trigger and it broke the prz and the bullish setup been failed....
about gbp bullish gartle i dont fell good about the setup.as you can see gbp broke the triangle downward and the senario became bearish(my opinion..)
__________________ We often borrow from our tommorrows to pay our debts to our yesterdays.
As always, who knows!?!.Let see what will happen....
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The pattern may have failed on this one, but a reversal of the Euro's fortune is on the horizon. Its just a matter of when. I am getting close to a long signal with another method I have been working on.
Dear forexian
it retraced in 50 and i think it is not valid as well as 76or61.
Dear Ahmed,
as far as my knowledge is concerned, this pattern is a non-ideal pattern, but a vaild one. If u read Larry Presavanto's book (Profitable Patterns for Stocks), u will know that according to his rules this is valid. I agree it is a low-probability pattern, but still presents a good opportunity IF reversal is confirmed.
There is a big bearish gartley pattern with confirmed X/A/B point on MONTHLY EURO, only prices above 3000 will invalidate it.
There is a nice USDX pattern too, points that USDX will trade at 96-98 levels sometime in 2007, so EUR could be coming for a big descent, now just to sort out the time.
Thanks for the heads up on the monthly gartley Ruffen. I will have to check that out. I guess it explains why the resistance is so strong. I still have not entered either way, but I am patiently waiting to see what will happen.
Seems like this thread is starting to come alive again.
Dear Ahmed,
as far as my knowledge is concerned, this pattern is a non-ideal pattern, but a vaild one. If u read Larry Presavanto's book (Profitable Patterns for Stocks), u will know that according to his rules this is valid. I agree it is a low-probability pattern, but still presents a good opportunity IF reversal is confirmed.
One can prolly trade EURO off this chart, if 2480 breaks soon. Or trade it with this one pattern, which I shorted with good results so far, Id say a lil discrepancy is allowed for 886 retrace on C point
Linear Mode
