We extended down the bullish wedge on EURUSD (2nd chart below), but I am still bullish above 1.3, expecting a long term double bottom or W pattern.
Indices and Forex charts analysis every week-end, real-time stocks trade signals on Twitter below, ES M1 live chart on TV, Forex robots, managed accounts. ALL FREE. Nothing for sale here. (Trade at your own risks and follow only your own analysis. Beware of pseudo-trader website that wants to sell you anything)
Saturday, November 26, 2011
Forecast for week November 28th 2011 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :
▲ Bad week for indices after the break down off the wedge (chart below). We approach now the lower line of the main long term rising channel. I would imagine a little break below (1150/1100) to hit existing stop orders and then an end of year rally.
We extended down the bullish wedge on EURUSD (2nd chart below), but I am still bullish above 1.3, expecting a long term double bottom or W pattern.
We extended down the bullish wedge on EURUSD (2nd chart below), but I am still bullish above 1.3, expecting a long term double bottom or W pattern.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment