Berlusconi has triggered my both forecasted strategies yesterday and i hope that you have made some good pips on them. First EUR recovered to 1.3318 then dropped to 1.3040 on risk aversion. We have a suuport @ 1.3030 where is the Senkou Span B of the positive Ichimoku on H4 frame. However breaking below is too early,so if happens and we reach 1.3000 i expect the price to recover quickly above 1.3100 at least - maybe in the next couple of days to 1.3180. We need a retracement back to 1.3200 below breaking 1.3000. Another thing that supports my theory is that the current EUR drop is not based on any econimic data, or ECB decision, drop is driven only on emotions and on the question who will be the next woman in mr.Berlusconi's bed. So i think it will be good to buy here at the current levels and wait for the markets to relax and to rethink again all the facts together with profit taking from short-s will bring the recovery and profit for you :) Where to buy i don't know exactly, but lower is better :)

GOLD seemd stabilized above 1585 but still not able to recover because of the dollar rally. GOLD recovery to start once above 1605 daily close.Below 1580 another fall will take place.

For today:

i expect a consolidation for today and tomorrow and range trade between 1.3020 and 1.3140

LONG around 1.3010-20 SL 1.2990 TP 1.3080-1.3120

SHORT below 1.3140 SL 1.3155 TP 1.3080-1.3040-1.3000

it's quite difficult to predict the market which is emotionally driven so use 'hit and run' strategy

LONG GOLD above 1605 SL 1600 TP 1615-1625

SHORT GOLD below 1680 SL 1685 TP 1672-1664-1650

Good luck!

Views: 1631

Comment by Elric on February 26, 2013 at 8:32am

well done vladimir !

Comment by Vladimir Mihaylov on February 26, 2013 at 8:54am

First LONG EUR target has been reached

Comment by Bezejmenej on February 26, 2013 at 9:00am

Perfect work, great.

Comment by momochi on February 26, 2013 at 9:14am

nice one, keep it up mate, atb.

Comment by Naranbaatar Bayar on February 26, 2013 at 10:05am

gratz, it has reached the peak that u have predicted, now comes the tricky part will it go down now, or will it go up bit more to go down?

Comment by adnan baloch on February 26, 2013 at 10:06am

Hello Vladimir, 

Hope you're enjoying your trades, when you plan to short the EU in the current scenario ?

Comment by Vladimir Mihaylov on February 26, 2013 at 10:33am

my position: LONG EUR @ 1.3035 TP 1.3115 +80 pips

Comment by Vladimir Mihaylov on February 26, 2013 at 10:35am

For attack of 1.3000 we need retracement to 1.3230-40, this is my point of view - of course market may think different. I expect a range trade in couple of days.

Comment by Anna Chalenko on February 26, 2013 at 4:41pm

Thank you Vladimir,spasibo,truly amazing,euro and gold, both reached the targets!

Comment by momochi on February 26, 2013 at 6:51pm

really helping my learning, thanks once again

Comment

You need to be a member of Forex Social Network to add comments!

Members

© 2019   Created by FXStreet.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video