EURUSD - Weekly Strategy (25 Feb-01 Mar 2013)
Recommendations: Long positions above 1.3144 with 1.3290 & 1.3360 as next targets.
Alternative scenario: The downside breakout of 1.3144 will open the way to 1.3090/1.3000.
Description: The weekly close last week above 1.3171 , keeps a chance for a rebound to 1.3485 levels, looking to the weekly %(R) , It's approaching from the oversold area, on the daily chart , a daily close back above 1.3305 will confirm short term bottoming and may retest 1.3425/1.3520 levels, stability below 1.3305 will focus on 1.3000 levels, on the 1 hour chart, as long as 1.3144 holds rebound to 1.3290 levels is suggested even higher, an hourly close below 1.3144 will open the way to 1.3090/1.3000 levels.
In the bigger picture,a weekly close below 1.2997 will confirm topping at 1.3710 and open the way towards 1.2661/1.2000 levels.
Note: strong levels on weekly where rebound is suggested to the upside: 1.3208,1.3090, 1.2965..
Best Regards
Haitham
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Comment by Haitham653 on February 25, 2013 at 11:12am -
I exit long as recommended Last Friday from 1.3170 at 1.3270, (100) pips , the pair may continue rising toward 1.3290/1.3300 levels..
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Comment by Peter jcp on February 25, 2013 at 11:19am -
Hi Haitham - interesting now on EU - as I think if we do stay above 3250-55 area we might still try your 3290 target. After every pullback we have had over the last 7 hours or so - its then been a 30-33 pip rise, I do have minor supports now at 66 - 60 and 55 and I think i would look at scalp buying again if the 50-55 support area can hold ?
Under 3246 and 40 - then I think i would be holding any scalp sells longer
Have a great week
Regards
Peter
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Comment by kamdi eloji on February 25, 2013 at 11:24am -
took mine out too thanks i got in at 1314 few more pips thanks haith you have been amazing
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Comment by Haitham653 on February 25, 2013 at 12:07pm
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Hi Peter..
Yes I agree with you...
by the way , I voted for you...congratulations...
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Comment by Peter jcp on February 25, 2013 at 12:21pm
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Thanks Haitham ;-) - cheers - and I always check out your blogs and Vladimar's every day to get a feel of what you are seeing on the intraday side to see how it compares with my scalping strats.
Keep your good work up as well and when you make your next million or so - please don't retire - keep blogging on this site ;-))
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Comment by Haitham653 on February 25, 2013 at 12:21pm
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today's close is critical for buyers and sellers, let's wait and see..
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Comment by Haitham653 on February 25, 2013 at 2:16pm
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GBPUSD fails to break above 1.5162 and declines as suggested...
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Comment by FAISAL KHAN on February 25, 2013 at 4:23pm -
Great post thx
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Comment by Bero maatouk on February 25, 2013 at 6:44pm -
well hii my friend great 100 pips up and 100 pips down and look now what's happening hehehe what a bad day for me i didn't take anything of these 200 pips damn anw good luck for all traders hope they took one of these awesome pips
best regards
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Comment by kamdi eloji on February 25, 2013 at 8:11pm
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hi haith great targets , do you reckon it will get to 1.3000 tonight?
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