The bullish correction that happened last week was limited , even the pair closed above EMA 50 on 4 hour, the pair found resistance at 82.72 , but it was unable to break above that level , the EMA 50 on daily chart was dominating the pair movement ,it served as strong resistance and pushed the pair to move down…Continue
Added by Haitham653 on April 29, 2011 at 9:01pm — No Comments
The trading stabilized between fibo 123.6 correction 1.4764 and fibo 138.2 correction 1.4835 yesterday , now the pair is trading around the last one , it seems the pair found strong resistance around or between 1.4835 and 1.4881 high of yesterday , add to that RSI trend line is showing weakness in uptrend ,…Continue
Added by Haitham653 on April 28, 2011 at 7:30am — No Comments
Now the pair is heading toward our target in the…Continue
Recommendation: Upon the chart posted above , my recommendation is buying the pair with an hourly closing above 47.18 targeting 49.82 and stop loss 46.22…
Added by Haitham653 on April 27, 2011 at 6:55pm — No Comments
Recommendation: Upon the chart posted above , my recommendation is buying the…Continue
The pair succeeded yesterday to breach above 1.4648 - high of past week - and got rid of all negativity on intraday time frames , the level 1.4648 is supposed to serve now as strong support , incase the pair pullback to this level , the area 1.4580 - 1.4648 would be a good setup for long entry , even we have…Continue
Added by Haitham653 on April 27, 2011 at 5:48am — No Comments
If you read my weekly report you should realize now , that the bulls are running out of gas !!
The pair finds support this morning at 1.4551 , this level has been broken and now it's gonna serve as strong…Continue
Added by Haitham653 on April 25, 2011 at 7:28am — No Comments
Added by Haitham653 on April 24, 2011 at 12:26pm — No Comments
From the chart posted above, it's obvious that the bulls are losing momentum , multiple divergences , Macd is negative and belwo zero line , RSI is weak and below 50 line , CCI another close below -100 will give us a bearish breakout ,the pair is so close from EMA 50 , several closes below EMA 50 may lead…Continue
Added by Haitham653 on April 22, 2011 at 7:21pm — No Comments
The pair dropped strongly around 100 pips affected by the negativity of the multiple bearish divergences on 1 hour chart , after that strong move happened 2 days ago around 500 pips, I guess the pair needs to rest and take its breath !!
Anyway chances of resuming the upward trend are strong as long as…Continue
Added by Haitham653 on April 21, 2011 at 5:46pm — No Comments
I'm not sure this trade is gonna win or (trigger) but in all cases my risk is toooooo small !!
Sell EUR/JPY around 119.90 T/P 118.40 …Continue
Added by Haitham653 on April 21, 2011 at 4:02pm — No Comments
From the chart posted above , we have a clear breakout above the weekly resistance at 1.4580 high of 04 Nov 2010 , RSI is strong and confirmed the breakout , the same thing with CCI , MACD is positive and above the zero line ,EMA 50 and EMA 20 are sloping up strongly , so we have strong upward trend…Continue
The bearish correction started 2 weeks ago, stopped yesterday around fibo 38.2 correction -117.00- we can easily see the strong bullish move which caused by CCI bullish divergence , also we have several closes above 50/100/150/200 EMA , the last 4 hour candle closed above EMA 50 , the trend line and…Continue
EUR/JPY and GBP/JPY have a strong breakout pattern on 4 hour chart , once the bullish train starts moving I'll post a blog , they may attack 123.00 level and 140.00 level..l guess we're gonna find out the next 24 hours..
Added by Haitham653 on April 20, 2011 at 9:42am — No Comments
The strong bearish correction started last Monday stopped yesterday morning around Fibo 23.6 % correction at 1.4156 , look at the chart carefully , we still in the upward trend , we also have several closes above 50/100/150/200 EMA , RSI trend line broken and moved above 50 line giving us a continuous trend pattern…Continue
From the chart above , ADX shows strong signs of weakness for the uptrend , - DI breached above the 10 line , if the pair closes this weak that way , this is gonna be an alarm for strong bearish move the next few weeks ?!!!