Comment by Pipomatic on October 14, 2012 at 5:55pm

Thank you for this levels. I have almost the same levels on EurUsd so I feel more comfortable now ;)

Regards

Comment by Haitham653 on October 15, 2012 at 12:10pm

Today we have good setup for AUDUSD , you could have achieved 25/30 pips easily without risking too much !!!

Comment by Haitham653 on October 17, 2012 at 5:50pm

Looks like the pair starts losing momentum around turning point 2 at 1.3130, RSI break below 30 will bring massive bearish move !!

see the chart below :

Comment by Peter jcp on October 17, 2012 at 8:49pm

Hi Haitham - I agree with you that the 3130 area is presently acting as a resistance area and with the bearish divergence and OB's on daily then it would make sense for a 100 /150 + pip retrace.

The Eu is presently trying to get weak bulls out and bear in - whilst staying above 3100 or high 3080 area. If it kept gains going to Friday then the weekly would be OB as well as the dailies more. I cannot see it going another 2 weeks to the end of the month without some respite for the bears - but if it was able to then try higher etc it would be perfectly set up for a November sell off from 3170 -3300 area.

My other thoughts were if we can stay above say 3070 and then do a new high over 3200 - it could then pullback again to the low 2900 area so to get the bears all fired up for the US elections.

Then before a drop - a quick 300-500 pip rise over election week - to "fry " all ;-))

There is too much money and excuses to be used if the market makers don't at least have a try at that one.

Enjoy and hope October is good for you 

Regards 

Peter

Comment by Pompidun on October 17, 2012 at 9:22pm

Haitham how do you calculate this levels?

Comment by Pipomatic on October 17, 2012 at 9:39pm

Popidun .. there is a weekly R2 pivot at 1.3130 level. This for itself could be a turning point. All other levels are mostly strong SR levels in price action! Try to put this levels on your chart and look at them on a 4h and daily chart .. you'll see ..

regards

Comment by Pompidun on October 18, 2012 at 5:10am

Thanks Pipomatic

Comment by Pipomatic on October 18, 2012 at 7:45am

Haitham .. nice call on the last chart .. now we have a nice HS formation. If completed first swing target around 1.3050 level ..

Comment by Haitham653 on October 18, 2012 at 12:39pm

USDCHF : triple bottom bullish reversal pattern on the 60 min chart around turning point up (2) at 0.9215 , a clear break above EMA 50 with RSI break above 70 would bring strong bullish momentum !!

See the chart below:

Comment by Haitham653 on October 19, 2012 at 4:14pm

Recap:

 This week we have five successful setups: EURUSD fell from 1.3130 , GBPUSD fell from 1.6160 , USDCHF rose from 0.9215 and AUDUSD rose from 1.0220 , fell from 1.0390 !!!

See you next week with new turning points....

Best Regards

Haitham

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