Hi guys,

Some analysts are expecting one small contraction on China PMI and this means that Aussie and even Euro will follow a couple of down degree. 

On Daily chart AUDUSD is showing a gap higher and probably a zig zag curve will form as a price in motion.

First curve: Down leg. Second Curve: Up leg [i am expecting a big wave]. 

Furthermore, 38,6% of fibo retracement was reached. Is real time to think short it?

A nice Hammer was formed on H1 chart also. Believe or not, candles speak with you mysteriously.

About Euro, many forecasters try to distract with ECB intervention and rate cut. Probably ECB will not have cut or at least will be very surprising for all us!

Maybe watch out for 1,33 on Euro on this week!

On 29st-30st day sell euro with possible 1,2950 target.

Kind Regards,Igor

Views: 167

Comment by talisman on April 30, 2013 at 2:30am
When you say " buy here " do you mean look for a bullish signal and then enter or enter no matter what when it hits that line ?
Comment by talisman on April 30, 2013 at 3:22am
That sounds very reasonable, myself i would not trade this area in this way but I am always curious as to what others see. There is no doubt it is an area of interest
Comment by Igor on April 30, 2013 at 4:18am

hi talisman, If you are a day trader , ''buy here'' means sit down your hands on the table and wait the prices reaches for. For swing traders like me... sell first and when the leg is finally completed i use the  term : ''buy there''

Comment by Igor on April 30, 2013 at 4:18am

but what do you think guys?

Comment by Igor on April 30, 2013 at 4:19am

my Top priority is study Daily Charts watching the motion of prices.

Comment by Francesc Riverola on April 30, 2013 at 8:10am

Good to see you blogging back Igor!

Comment by Igor on April 30, 2013 at 10:54am

happy :))

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