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100pips EURUSD Mission Accomplished
Thu, Aug 21 2008, 12:57 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
100pips EURUSD Mission Accomplished
A. (21August Europe) Latest Impact: Old Euro Double Top
The yearly double top that the markets talk about in EURUSD has only vibrated media-confirmation when 14630 has been screened. Now, the media is buzzing the phenomenon of the euro double top after it deteriorated a trend of nearly 1400pips where double top objective has been met.
Calculation of double top objective:
EURUSD Double Top: 16000
EURUSD Rectangle base: 15320 (TL May & Jun)
The difference of 680pips is between Top & Base.
Deduct that difference from the Base level (15320-680) and the equation is based at 14640.
The above calculation has only been noted after the completion of the objective. Now, massive stops have been built above the double top and which would be a hunting objective in September, starting after Labor Day where all investors return to trading seat.
August has mis-priced fundamental data as low volume and thin trading affirmed a breakdown, and that has to be fixed no matter what we think, and by signaling on Long Euro in every weakness.
B. Signal
Limit Order Valid till 23 August
C. Mission Accomplished:
00pips EURUSD Mission Accomplished – check wire box of 15 August US
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Thu, Aug 21 2008, 13:00 GMT
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