ok long time no see - and we are still in no mans land on eur/usd ...
ive mention to Pipchick that the monthly IS NOT a bullflag - its a zizag top ( clearly visible on volumes ) and we should tumble down sometime next year (beginning) .
ok weekly chart - parralel the top TL from the bottom TL and than we might still move steadily higher to test that "TL" and funny enough i have an untest ress @ 1.5030
i perosonally reckon we should move slowly upwards to 1.5030 BEFORE we going to tumble down and i mean DOWN - long term ,i do see 0.80 - ( conservative-- parity) what i really do like is that the weekly 200 SMA runs excatly on KEY supp @ 1.4050 - ANY weekly close below 1.4050 , i am going to press the sell buttons
. so i keep an close eye on that level on weekly chart - . if we decide to notch higher , then i will start fade my possition @ 1.5030
,otherwise weekly close below 200 SMA & 1.4050 ,will be good enough for a 1200 pip drop ( NO REAL SUPPORTS below 1.4 - ONLY MINOR pitstops . my first real supp is @ 1.2770 - but there is a possibility that i am going one go for parity on eur/usd - its a tough call ,and the real breakdown can also only happen in 2 years time ? i dont know. i do see 1.55 but will focus on that level after we break 1.5 and if it looks like we might go higher - no point to worry about that right now as i am focus on double top weekly @ 1.5's and down we go to 1.3's
medium term : i dont really know much about that - all i can see 1.4770 is an untest ress and we should get a decent attack at that level- otherwise ping pong between 1.42 and 1.48/ 1.5030 before we top! or break below 1.4050
open aus/usd weekly chart and eur/usd chart - the SAME might happen on eur/usd - kinda bullflag then a quick rally to take out the high's then double top - aus/usd already happen and eur/usd is lagging- so i guess on eur/usd after this daily bullflag , a quick rally to 1.5's ( double top - testing the TL ) then HOLLA - down we go !
on all the crosses : i could not ask for a better move on gbp/aud and eur/aus - been wait for these 2 pairs pretty much all year - and finally we moved 1500 points in 6 days on both pairs - still say GA will reach 2.000 .
all jpy crossses- investors waste of time & money - nothing else
i do keep an eye on eur/chf & gbp/chf - for huge reversals- all of this looks like a FINAL extension !