EURUSD - Intraday Strategy (15 Nov 2012)

Pivot: 1.2717

Recommendations: LONG positions above 1.2717 with 1.2750 & 1.2790 as next targets.
Alternative scenario: The downside breakout of 1.2717 will open the way to 1.2660 levels.
Comment:after bottoming at 1.2660, the pair found second support at 1.2717, it tries to form an upward channel to surpass 1.2790 levels...

 

Best Regards

Haitham

Views: 531

Tags: EUR/USD, EURUSD

Comment by Haitham653 on November 15, 2012 at 9:53am

Update: a break of 1.2790 will turn focus on 1.2840 levels ! below 1.2717 will reverse risk in short term towards 1.2660, a break below 1.2660 will resume the bearish trend and might target 1.2560 levels..

Comment by Haitham653 on November 15, 2012 at 11:03am

GBPUSD - Intraday Strategy (15 Nov 2012)

Pivot: 1.5824

Recommendations: LONG positions above 1.5850 with 1.5890 & 1.5930 as next targets.
Alternative scenario: The downside breakout of 1.5824 will open the way to 1.5775 & 1.5730 levels.

Comment: the pair found support at 1.5824, it tries bottoming at this level. 

Best Regards

Haitham

 

Comment by Haitham653 on November 15, 2012 at 3:15pm

Both targets achieved for EURUSD.. 

Comment by Haitham653 on November 15, 2012 at 3:53pm

Thanks Leon..

Comment by Haitham653 on November 15, 2012 at 4:00pm

GBPUSD: Bullish momentum breakout on the 60 min chart at 1.5878, as long as the key support 1.5824 holds, eyes will be on 1.6000 levels...losing 1.5824 will reverse risk to the downside (1.5775 & 1.5730)...

Comment by gladwin dsouza on November 15, 2012 at 4:11pm

well done haitham...Congrats !!!

Comment

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

Join Forex Social Network

Members

© 2014   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video