Review for the 2-d of February 2007
Axel
Eur/usd usd/jpy gbp/usd usd/chf
200-day MA 1.2820 116.59 1.8945 1.2350
3- res 1.3090 121.47 1.9755 1.2549
2- res 1.3058 121.11 1.9739 1.2510
1- res 1.3045 120.92 1.9700 1.2477
Pivot* 1.3020 120.77 1.9669 1.2442
1-sup 1.3000 120.65 1.9623 1.2423
2-sup 1.2982 120.19 1.9591 1.2391
3-sup 1.2944 120.00 1.9555 1.2375
before Europe
The main event of the Friday is
13:30 USA - Non-farm Payrolls Jan +167 thous +160 thous.
Variant A.
a) Up – D1: turn of EUR upwards (a puncture of the previous zigzag 1.3043 upwards) + 3-d up wave at GBP on D1
condition -
* puncture 1.3050 (162% of Zigzag on D1)
* GBP - 1.9750 = grid's 62% on D1
Altogether, the main res is $1.3050, significant offers are before it
Variant B
b) downwards -
* $1.3050 is NOT punctured
* Turn downwards - then we'll identificate this down movement by the amount of waves, at GBP it' the 2-d wave (if the impulse 1.9481-1.9738 is the 1-st wave on h1-4)
America
1.9750 is the main resistence
* puncture - trend is going up
* turn - puncture of the starting point
Turn
* the starting points on m5 are 1.9680 and 1.3015
* CHF is between 1.2430 and 1.2376
1.Start of the American session
2.Grid D1.
3. News candle (Non-farm Payrolls).
4.Support of the news flat (sell)
5.a grid on a recoil inside the news flat with puncture (risky sell).
6.Supposed exit.
7.Obvious exit + allies + targets of small TFs
1.European session with amplitude 10 p!!!
2.News candle (Non-farm Payrolls)
3.a grid on a recoil inside the news flat.
4.support in the news flat (sell)
5.Supposed exit from transaction.
6.Obvious exit from transaction: 233 MA (h1)+ allies + targets of small TF (m1)