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Peter jcp commented on Chris Svorcik's blog post EJ one more down move or huge correction?"Thanks Chris - yes 2nd level 786 worked.
I have 2 up trendlines from June 1st on different timeframes and my first would be broken under 98,55 and then the 30 min one at 97.93. I will be scalp buying above both these prices for small pips- but would…"
Chris Svorcik commented on Chris Svorcik's blog post EJ one more down move or huge correction?"Hi Peter, in this screenshot the price levels are at 98.98 (786) and 99.48 (886), but if you move the fib a bit higher and take a slightly higher top the price level are at 99.26 (786) and 99.74 (886).. price seems to have respected the 2nd 786…"
Peter jcp commented on Chris Svorcik's blog post EJ one more down move or huge correction?"Hi Chris - as i type this EJ as been up to 99 .25 - which is now approximately 100 pips above good support.
What price levels do you have your 786 and 886 at - as the price levels are not showing on your chart?
I am looking for pullbacks…"
Chris Svorcik's blog post was featuredEJ one more down move or huge correction?
EJ is pushing up and is close to the 786 and 886. Seems like a good selling spot to me as a move down is likely.. either as a wave 1 for continuation downside, wave 2 correction for more up, or wave b in a bigger abc correction.. See More
Profile Information
- About Myself
- I trade using technical analysis such as EW, Fib retracements & targets, trendlines, supply and demand, MACD, and price action. My favorite currency pair is the GBPUSD.
- Trading style
- Intra-day trader + swing trader
- Current Broker
- FXCM
Chris Svorcik's Blog
GU prediction - 1 hour upmove correct, what next?
Posted on August 21, 2012 at 6:40am 0 Comments 0 Likes
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