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    • navk replied May 26, 2013

      It looks like bearish butterfly pattern is developing in 1 hr chart. Reason, the price failed to move up above 1.2990 area two times. Watch closely 1.2960. If price moves above, then bearish pattern is not valid.

      EURUSD
    • navk replied Apr 12, 2013

      I had been short right from 1.3125 to 1.3137. I booked my profits just now at 1.3065. 100 and 200 day MA are powerful levels.

      EURUSD
    • navk replied Apr 11, 2013

      Going long from here is not attractive. Asia did not see any retracement. Europe will see retracement. Before retracement, going long is not attractive. Also keep in mind, last two weeks have been bullish, expect a correction at this resistance. ...

      EURUSD
    • navk replied Feb 14, 2013

      Re test of Thursday's low will be seen in Europe today. If 1.3325 holds, then 100 SMA and 200 SMA will hold the key. 100 SMA is 1.3405, 200 SMA is 1.3446. If 100 SMA and 200 SMA are broken, then it is going to be bullish, we may see new high ? The ...

      EURUSD
    • navk replied Feb 12, 2013

      If you see my template, I use 20 SMA for taking trading decisions. It is mostly accurate along with candles. On 12 th Feb, the price turned above 20 SMA, then moved towards 200 SMA. Now the scenario is this : Price below 200 SMA, and above 20 SMA. ...

      EURUSD
    • navk replied Feb 12, 2013

      I take 200 SMA as base. But within 200 and 100 SMA, I call it goal post. It can be choppy. If 200 SMA is below 100 SMA, then the PA is more bearish. Vize versa if 200 SMA is aboVe 100 SMA. Now in case of EJ, it is just bearish in smaller time frame. ...

      EURUSD