eur usd intraday-long term analysis 21-12-2012

sell eur/usd at 1.3170, sl= 1.3310, Tp-1= 1.3107, tp-2= 1.2992, tp-3= 1.2762

eur/usd have completed wave 1 and wave 2 in 4 hour chart. now is following wave 3.
gbp/usd will follow same sell trend.

look at my previous daily chart buy signal and projected tp-2. from where price retraced.

this daily chart shows the completion of wave 5.

so daily signal of eur/usd is also changed to sell.

weekly chart where projected price level for 50% retracement is shown as completion of wave 4.

this retracement is same as weekly chart i posted earlier.

weekly chart for new price projection. this can take 4+ months to reach tp-2.

where wave 4 has been completed and wave 5 has been started.

7 members like this

Comment by Tofail Ahmed on December 21, 2012 at 7:10pm: =)) I always follow Saeed's direction and get good profit.

Comment by ronynvidia on December 21, 2012 at 7:11pm: tnx for sharing your nice analysis................

Comment by Elric on December 21, 2012 at 7:54pm: good analysis =) keep up the good work!

Comment by kmsikar on December 22, 2012 at 6:39am: but problem in weekly & daily trend, some time i see a strong bullish strength in m15 or m30 chart change the h1 or h4 trend, now situation like this so i prefer to long above 1.3140

Comment by Vincent.cs on December 22, 2012 at 9:00am: Nice!! Time for big drop... :)) I got the same count with u on the daily, but have little different with the weekly point 0 - 1 count. However overall is the same, Good analyse! Love EW & thks! :)