Mar de Leva (swell waves) en Cartagena de Indias - Colombia
Showing posts with label EURCHF. Show all posts
Showing posts with label EURCHF. Show all posts

Tuesday, September 7, 2010

EURCHF Follow Up

Here the very Big picture of this pair.
Red lines are the same length. Interesting to see the measured move of price action of the bearish swings.
What we se here is a Complex Corrective Pattern.
EURCHF_ComplexCorrection_2010-09-07_1931
Below, detailed view of the last part of the pattern.
EURCHF_ComplexCorrection_II_2010-09-07_1947

Monday, September 6, 2010

EURCHF: Possible Multi-Month bottom

My Elliott Wave counting gives me 3 levels of 5th wave yet completed in W1, D1, and H4 respectively.
Is important to note that Bullish divergence is present between W3 and W5 extremes in each of the mentioned Time Frames.
This could be a multi-month bottom which could lead prices up to 1.4366 level in about 10-20 months.
EURCHF_W1_2010-09-06_0213_001
EURCHF_D1_2010-09-06_0216_001
EURCHF_H4_2010-09-06_0223
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Tuesday, April 7, 2009

EURCHF, possible Gartley in the making

2009-04-07_0724

As show in the chart, we can be in segment CD of a Bearish Gartley Harmonic Pattern.
Named  CD segment can be profited if we can jump into the move just after the actual correction is finished.

Como se puede ver en la grafica, podriamos estar en el segmento CD de un Patron Armonico Gartley Bajista.

Dicho segmento CD puede ser aprovechado si podemos montarnos en la transaccion justo despues de que la corrección actual haya terminado.

2009-04-07_0735

The “tricky” situation is that price can be making a breakout of that bearish flag OR unfolding CD segment of a bearish AB=CD correction Pattern.

La situación complicada es que el precio podría estar haciendo un rompimiento alcista de la bandera correctiva bajista, O desenvolviendo el segmento CD de un Patrón Correctivo Bajista AB=CD. 

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Performance

Here i`ll post my performance on a USD 200 demo account. After trading for 2 months, i`ll create a new one.

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