Welcome to my Market Directions ramblings.
I mainly focus on Major Forex pairs.
The idea is to grasp Intermediate to Longer term market moves.
I use different aspects of Technical Analysis and I take into consideration economic news data, but just in conjunction with my technical analysis.
Comments and criticism are welcome as long as they are constructive and will help both readers and me to improve our understanding of markets moves.
Thursday, February 16, 2006
EurUsd on 4-hr ... he ain't 57.6% of DX for no reason!
EurUsd also @ 161.8% of my voodoo Fib grid.
A 4-hr close above 1.1931 will be hammered fervently.
caveat: the FE 161.8% @ 1.1772 is acting like a magnet.
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