Hello everyone and sorry for not posting today, don't have time at all...

This is the last week of the month, according to big time frames weekly and monthly,  massive bearish move is expected to happen this week ?!!

EUR/USD ,Silver & Gold on 60 min chart, strong bearish breakout has been completed , only we need a break below the support level to confirm the breakout....

Anyway stability above the support level will lead for strong bullish move ?!!!

Recommendations :

1- Buying EUR/USD at 1.3390 targeting 1.3480 & 1.3550 , stop out with an hourly closing below 1.3365 OR selling the pair with an hourly closing below 1.3365 targeting 1.3210 and 1.3120 stop loss at 1.3450.

2- Buying the Silver at 35.20 targeting 35.90 & 36.60 stop out with an hourly closing below 35.03 OR selling the pair with an hourly closing below 35.03 targeting 34.40 & 33.40 stop loss at 35.75

3- Buying the Gold at 1767 targeting 1790 & 1830 stop out with an hourly closing below  1761 OR selling the pair with an hourly closing below below 1761 targeting 1730 & 1650 , stop loss at 1790..

Best Regards..

Views: 648

Tags: EUR, EUR/USD, Gold, Silver, USD, XAG/USD

Comment by Haitham653 on February 27, 2012 at 7:32pm

This week keep your eyes on these levels; on 60 min chart...

EURO 1.3365

Silver 35.03

Gold 1761

These are the separated levels between up and down ?!!

Comment by Haitham653 on February 27, 2012 at 9:10pm

According to swing techniques on daily chart, a clear break (high & low) on daily below  1.3377 high of 23 Feb 2012 is gonna take us towards 1.2975..

Stability (high & low) above 1.3777 on daily is gonna test first 1.3650...

Comment by Haitham653 on February 28, 2012 at 6:48am

EUR/USD is gonna test 1.3450/85 now , breaking of this level is gonna take us towards 1.3550/640 levels..

Pulling back from 1.3450/85 is gonna test 1.3390/65 once again...you may keep buying the EURO from this level during the week, the pair is expected to pullback and attack 1.3640 levels from this area ..

BUT losing 1.3365 - an hourly close - definitely is gonna lead for a massive bearish move, so don't forget to short once this level is taken out..

Comment by Haitham653 on February 28, 2012 at 8:05am

Hints:

1-Don't short EUR/USD , Silver and Gold above 1.3365,35.03 and 1761, they may fly strongly and suddenly...

2- Trading too much time so close to the support levels mentioned above is an early warning for possible bearish breakout..so short once the break is confirmed..

3- I recommend buying (scalping) from the support level , once the bearish breakout is confirmed exit your position and go short with double position..

Ex..If you bought 0.1 lot , short 0.2 lot..etc

Comment by Haitham653 on February 28, 2012 at 8:26am

EURUSD: An hourly close above 1.3465 is indeed to resume the upward move and attack 1.3550/600 levels..

Anyway, you may short below / around this level but It's risky a bit BUT if you insist to short don't make you stop more than 1.3485...

Incase the pair pulls back from this level I'm gonna buy around 1.3390..

Comment by Tahir Khan on February 28, 2012 at 8:46am

agree haitham.. euro to short under 3355 and gold as long as above 1745 is a buy.......

Comment by Haitham653 on February 28, 2012 at 9:20am

According to the last 60 min close, an hourly close below 1.3439 is gonna test 1.3390/65 levels..

40 min left for the next close,,,

Comment by Haitham653 on February 28, 2012 at 9:27am

Stability above the previous low 1.3439 is gonna lead for range moves around 1.3439 followed by sudden fall or rise...!!

Comment by Tahir Khan on February 28, 2012 at 10:09am

I'm on 30 mins nad 3425 is providing base.. A loss there and we can dip to around 3404-05.. 3400 lvl is what I'm hoping it to hold for a move higher..

Main supp still at 3355-58...

Gl..

Comment by Haitham653 on February 28, 2012 at 10:36am

Hello Tahir according to 30 min chart, I agree with you 100% 1.3425 may provide us with strong support , any move below this level probably would be limited towards 1.3400/385..

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