Comment by Peter jcp on June 6, 2012 at 8:19am

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 - but 98 .65 and 98.20 both offer support - for further attempts higher again. Under 98.00 - then things change again. - regards Peter

Comment by Chris Svorcik on June 6, 2012 at 9:11am

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 level at 99.26 almost to the pip. 

98 level to buys seem like a good trade. you have a trendline and 500/618 fib of the last move up plus ichimoku cloud support on 1 hour level. 

Cheers! Chris

Comment by Peter jcp on June 6, 2012 at 9:32am

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 only stay with then if we go back over 99.30

Your Ichimoku cloud support matches up with linear regression supports - and so i think there will be further movement up after any pullbacks to the levels we have mentioned

Have a great June - cheers Peter

Comment by Jim Mathis on June 6, 2012 at 9:44am

nice chart chris thanks for the input peter n chris appreciate your views

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