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Monday, March 22, 2010

Forex managed fund price action London open to New York

[1:39:09 AM]  (Joel): I would watch for support to come in at 1.3510 making this an inverse head and shoulders on the hourly chart with an upside target of 1.3680 then a retext of 1.3810.
[1:39:50 AM](Joel): If we get failure on the 1.3680 then the resistance will give us a 20 - 30 min consolidation on the reversal to new lows.
[1:42:48 AM]  (Joel): ON the down side target breaking first resistance level at 1.3510, I would look for a quidck move to to previous swing low, then a move through to new lows at the 1.34 - 1.3388.
[1:43:09 AM] (Joel): Under there, it is sayonara Euro and hold on.
[1:39:09 AM] (Joel): I would watch for support to come in at 1.3510 making this an inverse head and shoulders on the hourly chart with an upside target of 1.3680 then a retext of 1.3810. [1:39:50 AM] (Joel): If we get failure on the 1.3680 then the resistance will give us a 20 - 30 min consolidation on the reversal to new lows. [1:42:48 AM]  (Joel): ON the down side target breaking first resistance level at 1.3510, I would look for a quidck move to to previous swing low, then a move through to new lows at the 1.34 - 1.3388. [1:43:09 AM] Joel): Under there, it is sayonara Euro and hold on.

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