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Unexpected strong EURUSD movement on Friday (14 Oct)

15Nov2014
Unexpected strong EURUSD movement at the end of Friday (14 Oct)
Here I want to explain my point of view on it,
1. What about the news "Michigan Consumer Sentiment (Nov)" acctually it was better then before - 89.4 points. But I assume the tactics of big players to move the EURUSD pair against the market accumulated shorts to cause massive stop outs of bears on a weak Friday's market. The news could work as a trigger only to stop out some players and to start accumulating LONG positio
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Convallium avatar

Very informative! thanks)

FG_Trading avatar

Thank you Convallium. Information ! I found that when you open the image via post link you can hardly see my H4, daily timelines. Please visit my Gallery and find updated image there...

Convallium avatar

ok) I like your thought- Forex is a simple geometry)

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MobNaga 16 Nov

btw, why blue color text on black back color. It not kind to my junk eyes :))

FG_Trading avatar

I tried to save your eyes my friend, black background color is better for your good eyes, I think.... :-)
And more, still preparing my answer to your good job (Open Time in 484820ordersland) this article. I will let you know when ready :-)))

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USDCAD Weekly orange / green levels, and 2 scenarios

11.11.2014 2300msk
USDCAD Weekly orange/green levels, and 2 scenarios.
Analysis:
USDCAD did not break important 1.1455 level. The pair now squeezed between 1.1274 & 1.1455 waiting for cycle to finish. Wide rising flat expected up to the end of week # 47 (see first red vertical line) after that we expect the pair will decline down to comfort zone (see blue box). If USDCAD be able to stay above 1.1224, 1.1274 after finishing 2nd cycle renewing of maximum 1.1457 can be possible.
1.1457 level should…
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Good news, Fear & Greed Index - 64 %

Good news from Fear & Greed Index ( http://money.cnn.com/data/fear-and-greed/ )
Already above 50 % level. Good additional signal! Market players are ready for risky trades! All attention to upcoming Economic Calendar. What event will become the next trigger for changing trends on the markets. One event before I've already mentioned, it's US Nonfarm Payrolls (Oct) dated 07 Nov 2014, see my previous posts.
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