EURUSD - Trends, Forecasts and Implications (Part 2) - page 1054
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Have you heard that Stepan Demura is betting on a powerful move in EURUSD. He predicts many figures for a month. I don't know the details, I missed it.
Yeah, the Alligator is hungry for a week and will eat everyone ))))
1. On a Friday, it is useful to look at the weekly chart at least once. )))
I see on the weekly chart, the hammer is broken: we continue down from 1.3160 or 1.3154, not to be greedy, the first target is 1.2920 and may Santa help the Europeans.
All they need now is a bounce of the fifth wave (i.e. if there is no bounce from the trend line, but a break-down - then all the shorts are a butterfly...).
In the meantime... some Soros will take the bank down again.
A little weekend news and... south.
Have you heard that Stepan Demura is betting on a powerful move in EURUSD. He predicts many figures for a month. I don't know the details, I missed it.
I see on the weekly -- the hammer is busted: we continue down from 1.3160 or 1.3154, not to be greedy, first target is 1.2920 and may Santa help the Europeans.
They only need a breakout of the fifth wave now (i.e. if there is no bounce from the trend line, but a breakout -- then all shorts -- butterfly...).
In the meantime... some Soros is going to take the bank down again.
A little weekend news and... south.
What kind of target is this)))) When breaking through the low target a few hundred pips down.
You heard that Stepan Demura bet on a strong movement in the EURUSD. He predicts a lot of figures for a month. I don't know the details, I missed it.
Stepan Demura said that if it will break 1.38 up, it will go to 1.43, and if it will break 1.26 down, it will go to 1.18.
But IMHO he did not reveal anything new))
And I should note that in 2009, Demura didn't give a single accurate forecast for the Eurobucks, and he even stopped being invited to the Markets programme, because a lot of people called him with accusations.
Stepan Demura said that if it breaks 1.38 up, it will go to 1.43, and if it breaks 1.26 down, it will go to 1.18.
But IMHO he did not reveal anything new))
And I must say, that in 2009, Demura did not give a single accurate prediction about the Eurobucks, and he was not even invited to the Markets programme, because many people called him with accusations.
Good prediction, and do nothing between 1.38 and 1.26?)))
Good prediction, and nothing to do between 1.38 and 1.26?)))
Trade of course)))
Those were just his words. Allegedly a very powerful move either up or down is expected.
Good prediction, nothing to do between 1.38 and 1.26?)))
If you look at the weekly chart, last week was a hammer, which means that this week should have at least hinted somehow that there will be an up movement (confirm the hammer), but it was the opposite, this week's black candle closed the body of the hammer. I.e., according to the canons there should be a continuation of downward movement. If we draw the Fibonacci line on the daily chart, it will go somewhere till 1.3120.
But I don't reject the version that the last week is a trick. Let's say the Soros were sitting on the shore of the Lake Geneva last week and thought, let's get the people for money, let's block the hammer, and let's go up, especially, that the fifth wave has been broken lately, the fifth wave on the weekly charts is a rarity. They have been barking up the press all week: Germans have no orders and at Christmas they have red caviar instead of black caviar, Ireland is broke, Portugal and Spain are broke, France is snowed in and French bums have nowhere to park their Citroens, etc. And at the same time the Dow goes up like a scaredy-cat, the sheep are running to buy American waste paper: "go for it, it's cheap."
Now we just need to slam the Dow and that's it - the Euro goes back up, and the sheep that bet on the fifth wave - bye-bye.
The Euro-Dollar chart is so flat, all shapes are drawn accurately, as the book says, the whole trade is organized into a huge herd of "pigs" - frighten it and it shoots down into the sea.
I don't like all this, I hear everything...
If you look at the weekly chart, last week was a hammer, which means this week should have been a slight hint of an up move, but this week's black candlestick closed the body of the hammer. I.e. according to the canons there should be a continuation of downward movement. If we draw the Fibonacci line on the daily chart, then somewhere till 1.3120.
But I am not dismissing the possibility that last week was a hoax. The Soros were sitting on the shore of Lake Geneva last week thinking, let's scam people into making money, cut off the hammer and go up, especially since the five-wave wave is being broken a lot lately, there is no fifth wave on the weekly charts, which is a rarity. They have been feeding the press all week: Germans have no orders and at Christmas they have red caviar instead of black caviar, Ireland is broke, Portugal and Spain are broke, France is snowed in and French bums have nowhere to park their Citroens, etc. And at the same time the Dow goes up like a scaredy-cat, the sheep are running to buy American waste paper: "go for it, it's cheap."
Now we just need to slam the Dow and that's it - the Euro goes back up, and the sheep that bet on the fifth wave - bye-bye.
The Euro-Dollar chart is so flat, all shapes are drawn accurately, as the book says, the whole trade is organized into a huge herd of "pigs" - frighten it and it shoots down into the sea.
I don't like all this, I just hear everything.
Where did the Dow go? The insider's on him. And what's the 5 on the euro? It's been going in threes for the last few years, the momentum of the last one was a dickens when.