Trendlines

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  • May 25, 2015 at 10:40 pm #809
    John Steedman
    Participant

    Hi, Trendline test.

    EURUSD a) Major trend = Sell suggest 09Mar, 06Apr, 18May.
    b) Countertrend = Buy suggest 16Mar, 14Apr.
    c) Crossed MOR – now in Sell mode.

    GBPUSD a) Changed from Sell to Buy.
    b) Suggest Buy 13Apr.
    c) Suggest Sell 22May. Now approaching MOR – avoid.

    EURGBP a) Suggest MOR = 0.73007 to 0.73640.
    b) Major trend Sell, suggest 06Apr, 08May after crossing MOR, avoid whilst crossing, Sell 19May.
    c) Countertrend Buy – suggest 29Apr, 13 May.
    d) Now in Sell mode.

    Charts attached.

    Cheers,

    John.

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    May 25, 2015 at 11:23 pm #815
    Rich FittonRich Fitton
    Keymaster

    Hi John, looking good! I just amended your EURGBP – you could connect those two highs now the market has broken lower.

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