1 minute with ForexSurvivor

 

 

 

(23 Mar US) Latest Impact: EURUSD To Be Resisted

 

            The high volatility will continue trending the euro up towards the final Fibo retracement level 61% near 13900. Simultaneously, the 200MA reads today the 61% Fibo Level, a coincidence translated as ‘Double Resistance.’

 

As we approach the end of the month on Friday, and as the currency didn’t lull at all the previous week, a setback should be considered near 13300 because of the ‘overstretched’ indicator in Dow Jones that won’t help a super rally this week. The setback is also supported by the fundamental data that is going to be released on Thursday – GDP Q4.

 

 

Weekly Signal Résumé

 

(11 Mar) GBPCAD: Sell 17977; TP 15pips (Mission accomplished Mar 13)

 

(04 Mar) GBPJPY: Long 14020; TP 55pips… [Target met late US Session on 04 Mar]

 

26 Feb: (Limit Order): Sell GBPUSD @ 14000; TP 15pips [Target met 02 MAR]

 

20 Feb:  New Signal: Long EURUSD @ 12720; TP 15pips (Target met late evening 20Feb)

 

13 Feb: New Signal: Long GBPAUD @22000; TP 55pips (target met 15 Feb)

 

10 Feb: Short EURUSD @ 12702; TP 15pips (target met 15 Feb)

 

Long GBPSGD @ 21890; TP 55pips: Feb 05 Mission Accomplished.

 

(Position working of 30 Jan: Buying AUDNZD @ 12600; TP 13200 is an ok trade as long as 12255 is not seen again.)… (Feb 03: Move stop to 12400); Feb 05: Move stop to Entry Level. Feb 09 – position stopped breakeve although 120pips were given.

 

GBPJPY closed breakeve (although 220pips have been made) as the rally did not last

 

15pips GBPUSD Mission Accomplished; Reminder: Short 15000 (Revise ForexSurvivor Weekly Weekend Newsletter 09 Jan 2009).

 

2 Positions GBPAUD closed this week (05-09 Jan) with 15pips each. No open position left.

 

 

 

Risk Certification

 

The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

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