FOREX - Trends, Forecasts and Implications (Episode 5: July 2011) - page 191

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rigc:
I'll sell from 1.427 to 1.375.
Hmmm... If it gets to 1.4270, it might go further up, a hundred pips.
 
OnGoing:
Hmmm... If it gets to 1.4270, it might go up another hundred pips.
above 1.4330 unlikely...
 
rigc:
above 1.4330 unlikely...

Up to the 23rd foe, why not...

 
OnGoing:

Up to the 23rd phiba, why not...

imho the 38th will lick the price and down....
 
Yes, an unclear, unpredictable situation, more probably down, there's that Greek debt, that's how we fail,,
 
Yeah, I'm sick of this Euro. It's like shit in a hole, it's not going anywhere.
 
In a flat market, this is very handy for scalpers.
 

Hi!

LONDON, July 20. /Dow Jones/. Moving charts for 24 hours:<br / translate="no"> EUR/USD pair during the day: The pair is still set to return to Tuesday's high of 1.4217. The recovery from 1.4108 looks set to break up to 1.4176 to reach the high of 1.4217, which threatens further gains towards the July 14 reaction high of 1.4282. There is a risk of a corrective decline to the support area of 1.4068, but only trading below that level would challenge the recovery from Monday's bearish low of 1.4014.
EUR/USD weekly chart: Downtrend.
 

The market is trending, it's the second day...

 
RekkeR:

I wonder if such a representation, in any way, can fit within the concept of waves?

It doesn't. In a penta-wave, the 4th never enters the territory of the 1st.
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