Euro ...Daily Technical Vision

[Fares Shanab]

Did not end the series to the upward trend ....
Will proclaim an end to the upward trend, but the penetrating 12714 or shut down daily and weekly area : 12741 to 12754

This end of the stairs 12998 and below 12838
It reached by the euro and close beside him
In fact, I suggested the upward trend for the downward trend, as it breached the euro points 12998 to 13014 - 13020
For this we said in the upward direction and not haphazardly as some people do, but for analytical vision based on what appears in front of me on the chart

But the pair re-production of the stairs again and this time from the beginning
I mentioned in the chart by two months or more

Now ....
Reproduction of this stairs again suggests two things:
(1) is just an illusion and a trick to hit stop and close the accounts of those suspended in 131 levels of 130
{{This is what did the euro with suspended from the bottom of 127 and 128}} levels
It reminds us including dealings closed in in case of the rise of more to 131 and 132

And tell them, Behold, I returned again
If only did not close....... it won before two weeks ago!!!

(2) to be abortion movement for the rise and major trend shift

Of course ...As the first clear break of the stairs at 12998 to 13020, it requires that the pair fall by the same amount, and the nearest point rebound from there in 12808 and commensurate with the monthly balance

If this point is not turned away for the continuation of the upward trend, the euro inevitably to 127

Any slide Down 1.2714 point as I said in topical see the euro for the fourth quarter 2012, the end of wave (C) of the fifth wave from the bottom of the 12042 it to 125 by falling wedge explained in the subject of this and who decides to 12409 in the lower limits and 12593 upper limits


As well as another look ...

Any shut down the region 12741 - 12754, the euro negotiate and look to the 126



Next week we must focus attention to the points
1.2808
1.2786

Also there is a rectangle euro move

Lower limits sure when 12797

*The pair bounced and go up OR may push the pair to fall more

POINTS


1.2842
1.2838
1.2808




1.2786
1.2761
1.2754
1.2741
1.2699

Fares Shanab

you can read this post in arabic @my blog

 

[Fares Shanab]

Limits in This week

Limit of the upward trend: 1.2965

Maximum can be reached 1.2965 Euro can not be surpassed in any way

Point of differentiation: 12714

This key point in the re-production of fresh bullish about 131-132 in the first phase and 133-134 second stage

And phase completed until the end of February 2013 and may accelerate the emergence of strong early depends on news in sake of the Euro ...

The point of downward: from 1.2941 to 1.2942

Suggested this point strongly to drop to 127 and B levels by the end of November 2012

There are other points bounce before reaching the limit of upward including:

1.2934 representing 61.8% Fibo from the top of 13486 and bottom 12042
1.2936 representing 72% Fibo from the top of 13284 and bottom 12042


1.2916 to 1.2922 area represents a significant resistance line eliminates the chances rise to the levels of 130

First goal of the upward correction

Area from 1.2883 to 1.2891

close of candles Frame 1H will let Euro retest to Visit area from 1.2941 to 1.2965

With the possibility of rebound before connecting to this region because of regressive points achieved at 1.2916 to 1.2922, in addition to 1.2934 to 1.2036


Downtrend targets:

1.2808

1.2797
1.2786

The golden point corrections fibo 61.8% -72% of the Top 1.3065

1.2779
12,766
12,762

The golden point corrections Fibo 61.8% of Top 1.3172

1.2740


We therefore recommend Sell from the upper areas

The caution of the Buy with an emphasis on the use of stop point



Fares Shanab
Analyst Candlestick Engineering

 

[Fares Shanab]

ِAs I said in post 63 (here)

1. uptrend did not end

2. Will proclaim an end to the upward trend, but the penetrating 12714 or close down daily and weekly area : 12741 to 12754


and 12710 stand strong

and atracted the pair above 127

3. no any day closed under 12710 , just made down shadow for that candle

4. no any week closed under 12710


all above the pair committed with SHANABA conditions as well as above mentioned

max. ceiling for this month 12965

before 12944 will decide if the pair will goes down to penetrate 125 level or not

net week , and tomorrow closure as week close will show every thing


good luck

FARES SHANAB

 

[Fares Shanab]

Pair showed more of being correct, but went too far in rebuilding another wave upward
This is clear access to the opening price of 12965 monthly
And penetration to 12990 is a great reference to access to the upper resistance at 13072

Now

This significant rise from 12660 to 12990 needs to be a corrective movement to the bottom
of 12740 max. and 12804 min.

So that he can continue the uptrend to 13290 First

so,any penetration will go to 134 level

 

[Fares Shanab]

 

[Fares Shanab]

13089

The first gathering resistance at 13021, Euro has tried to penetrate, but it failed for the third time and is now standing at the first resistance 13004
What we expect to penetrate and go to the third resistance 13049

Then falls back to the first resistance again to summon the strength and load buyers to attack the trend line 13089 and is likely to reach speculative to reach the pair at 13119
To be included due to the levels of 128

prev. post I posted this diagram

so, you can consider these points to make you sell

13059
13065
13082

and these points as scalping

13033
13041


Why we recommend not buying and selling

Because monthly trend is still bearish and it is speculative preference to move with the trend

Monthly trend:

Weekly trend:

F.A.R.E.S S.H.A.N.A.B
----------------------
Engineering candlestick

 

[Fares Shanab]

ٍٍٍShanaba Ladder

Points can rebound from her

ِDaily close above the 12975 levels lead to 131 as in the following graph



13103

13109

13127



.

 

[Fares Shanab]

and these points as scalping

13033
13041


Why we recommend not buying and selling

Because monthly trend is still bearish and it is speculative preference to move with the trend

Same As I said

Scalping from 13041

right now 20 pips

price now is 13022

good luck


let us
see

 

[Fares Shanab]

Also As I said

13059
13065
13082

rebound

 

[Fares Shanab]

Points can rebound from her

ِDaily close above the 12975 levels lead to 131 as in the following graph



13103

13109

13127



.

I think the last destination for euro will be 14140 last resistance

and these points are good for sell

13103

13109

13127


good luck

F.A.R.E.S S.H.A.N.A.B

 

[Fares Shanab]

ِAny close 4H candle above 13127

you should stop your sell

and start to think about buying

 

[Fares Shanab]

I was posted this diagram in this thread

http://www.earnforex.com/forum/35083-post60.html

 

[Fares Shanab]

 

[Fares Shanab]

Euro for buy

Euro will re-test the upper limit of bollinger

 

[Fares Shanab]

Still Pair have power to reach the upper limit of Bollinger as I said in last post

and I want to draw your attention to my follow graph posted above:

look .....

The {SHANABA} points in this graph took the real action to rebound the price

exactly from

13098

which is the week point and enjoyed with strength have ability to do that

Please follow all points in uptrend or downtrend to take opportunity of make your deal !!

POINTS TO BE FACED OF PAIR IN ITS UPTREND:

WEEK 13101

DAY 13103

then

WEEK 13137

then


WEEK : 13142
DAY : 13144

so at these points you can use it as sell point for 15-25 pips

Good Luck


F.A.R.E.S S.H.A.N.A.B

 

[Fares Shanab]

Still Pair have power to reach the upper limit of Bollinger as I said in last post

and I want to draw your attention to my follow graph posted above:

look .....

The {SHANABA} points in this graph took the real action to rebound the price

exactly from

13098

which is the week point and enjoyed with strength have ability to do that

Please follow all points in uptrend or downtrend to take opportunity of make your deal !!

POINTS TO BE FACED OF PAIR IN ITS UPTREND:

WEEK 13101

DAY 13103

then

WEEK 13137

then


WEEK : 13142
DAY : 13144

so at these points you can use it as sell point for 15-25 pips

Good Luck


F.A.R.E.S S.H.A.N.A.B

THIS IS WHAT I SAID :

POINTS TO BE FACED OF PAIR IN ITS UPTREND:

WEEK 13101

DAY 13103

SHANABA IS ACCURATED POINTS

TO DEALING WITH FOREX

 

[Fares Shanab]

REMINDER

SHANABA

 

[Fares Shanab]

Euro still hesitate to access 131

this zone have strong resistance at 13142-13155

and should consider as stop loss point for all sell , because it will

Abort each scenario for the bearish trend except of corrective decline

for new uptrend records

and really there a big chance to make the last correction to visit 127 zone

*According to the theory of Elliott


Which starts from 12996 and ending at 12690

It represents the right shoulder of the head and shoulders pattern


let us see what will be in near future before the end of 2012


Fares Shanab

 

[Fares Shanab]

Euro will re-test the upper limit of bollinger

SHANABA

is accurate points

 

[ezekiel chew]

SHANABA

is accurate points

A Weekly big white candle has formed in the EURGBP pair. This is a bullish candle as prices closed significantly higher than they opened. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area (e.g., a moving average, trend line, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
For the past 10 Weekly candlestick bars as of 14/12/12, there are 5 white candles versus 5 black candles.
For the past 50 Weekly candlestick bars as of 14/12/12, there are 25 white candles versus 25 black candles.
A Weekly engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend (which appears to be the case with Euro Dollar / US Dollar), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.