Euro Drops As ECB Leaves Rates at 4.25%, Trichet Increasingly Bearish On Economy and War Russian and Geogia last Friday

Time Frame Daily Complete Correction

Daily Chart show bearish movement to more 400 ~ 500 pips to completion correction.
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Time Frame H1 Wave

Wave at Time frame H1 now to find wave 5

Wave 5 projection forecast at price 1.4592 but need to breach 1.4824

Wave Already Complete 5 and Projection price A reach. Now turning to wave B

Time Frame M15 --- Japan and London Session

Break-out Upside
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Time Frame H1 Wave

Projection Price Wave A 1.5483
Time Frame H4 Bullish Crab

Bullish Crab Reversal
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New Chart Forecasting and Easy Looking and Setup at MT4
Triple timeframe trading.

Rules:Long Position
M30 RSI above 50 and ema 50.
H1 recomfirm wave butterfly ABC or count 123,
H4 stoch turn pointing up
Take profit set 30 ~50pips

We Trade this TimeFrame H1

Now wave 123 come-out .. Take Long at 1.5500
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Pivot ,Resistant And Support
R3 1.5611
R2 1.5563
R1 1.5493
Daily Pivot -- 1.5445
S1 1.5375
S2 1.5327
S3 1.5257

Yesterday High: 1.5515
Low: 1.5397
Today Open : 1.5423
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--->>Prefer today JAPAN and LONDON Session ---
=> FX Trader could take a Long position at 1,5500. We will put the stop loss,The targets are 1,5540.Each trade is dangerous, take care and put your stop loss.
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=>Above 1.5493 -> Open Long at 1.5500 with target 1.5540
If Below 1.5493 -> open short at 1.5475 with target 1.5425.

*** IF PRICE BREACH 1.5397 CLOSE BELOW ,PROJECTION TARGET 1.5300 *****

Time Frame M15 --- Japan and London Session

Break-out upside
Time Frame H4

Bullish butterfly Expired and wave projection remain.
Day Trader projection price target 1.5845, .. Forecast this week .
Today bullish find wave A at 1.5540
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New Chart Forecasting and Easy Looking and Setup at MT4
Triple timeframe trading.

M30 RSI above 50 and ema 50.
H1 recomfirm wave butterfly ABC or count 123,
H4 stoch turn direction up
Take profit set 30 ~50pips

Now waiting butterfly pattern ABC or 123
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R3 1.5659
R2 1.5612
R1 1.5539
Daily Pivot -- 1.5492
S1 1.5419
S2 1.5372
S3 1.5299

Yesterday High: 1.5565
Low: 1.5445
Today Open : 1.5466
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--->>Prefer today JAPAN and LONDON Session ---
=> FX Trader could take a long position at 1,5515. We will put the stop loss,The targets are 1,5610.Each trade is dangerous, take care and put your stop loss.
=>Above 1.5492 -> Open Long at 1.5515 with target 1.5610
If Below 1.5492 -> open short at 1.5460 with target 1.5380.
*** IF PRICE BREACH 1.5438 CLOSE BELOW ,PROJECTION TARGET 1.5300 *****

Time Frame M15 --- Japan and London Session


Japan session break-out down,try to breach 1.5489 ..Caution Waiting direction London session.
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Time Frame H4


Day Trader projection price 1st target 1.5546 Wave C .. Forecast this week price 1.5760.
Today limited bearish find wave B at 1.5489.
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R3 1.5688
R2 1.5659
R1 1.5611
Daily Pivot -- 1.5582
S1 1.5534
S2 1.5505
S3 1.5457

Yesterday High: 1.5630
Low: 1.5553
Today Open : 1.5565
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--->>Prefer today JAPAN and LONDON Session ---
Waiting for the break of support or resistance
- If the resistance 1.5590 is broken then the target will be 1,5650.
=> FX Trader could take a Short position at 1,5550. We will put the stop loss,The targets are 1,5500.Each trade is dangerous, take care and put your stop loss.

=>Above 1.5565 -> Open Long at 1.5590 with target 1.5650
If Below 1.5565 -> open short at 1.5550 with target 1.5505 and 5465.

*** IF PRICE BREACH 1.5489 CLOSE BELOW ,PROJECTION TARGET 1.5440 *****
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Time Frame M15 --- Japan and London Session

Japan session no break-out ...Waiting direction London session

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Time Frame H4 Chart

Bullish butterfly and wave projection remain.
Day Trader projection price target 1.5788 Wave C .. Forecast this week .
Today limited bullish find wave A at 1.640.
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R3 1.5654
R2 1.5621
R1 1.5580
Daily Pivot -- 1.5547
S1 1.5506
S2 1.5473
S3 1.5432

Yesterday High: 1.5588
Low: 1.5514
Today Open : 1.5567
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--->>Prefer today JAPAN and LONDON Session ---
=> FX Trader could take a Short position at 1,5615. We will put the stop loss,The targets are 1,5520.Very Weak Downtrend with very tight stops. Each trade is dangerous, take care and put your stop loss.
=> FX Traders are advised to hold for the break and then swing into it.The current downward trend is at a crossroads and has possibly ended

=>Above 1.5621 -> Open Long at 1.5630 with target 1.5650
If Below 1.5621 -> open short at 1.5615 with target 1.5520.

*** IF PRICE BREACH 1.5615 CLOSE BELOW ,PROJECTION TARGET 1.5500 *****

Time Frame M15 --- Japan Session

No Break-out
Time Frame H4

Day Trader projection price target 1.5736 Wave C .. Forecast next week .
Yesterday a spike wave A have hit all the stop loss, but the prices didn't confirm the break of the resistance 1.5700. Today sign to sell again to complete wave B.
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R3 1.5795
R2 1.5747
R1 1.5665
Daily Pivot -- 1.5617
S1 1.5535
S2 1.5487
S3 1.5405

Yesterday High: 1.5699
Low: 1.5569
Today Open : 1.5582
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--->>Prefer today JAPAN and LONDON Session ---
As every first friday of each month, today is the non farm payrolls day... it is said that it is the best event for forex traders.
Take care at 12:30 GMT, the volatility should be high.

=> FX Trader could take a Short position at 1,5610. We will put the stop loss,The targets are 1,5500.Each trade is dangerous, take care and put your stop loss.
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=>Above 1.5617 -> Open Long at 1.5625 with target 1.5660
If Below 1.5617 -> open short at 1.5610 with target 1.5500.

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Time Frame H4 & Daily Bullish Butterfly Pattern



*** Trader should waiting PRICE BREACH 1.5705 *****

Time Frame M15 --- Japan Session

Limited Break-out
Time Frame H4

For Day Trader -- Next week the price projection 1.5750 wave A
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R3 1.5718
R2 1.5667
R1 1.5624
Daily Pivot -- 1.5573
S1 1.5530
S2 1.5479
S3 1.5436

Yesterday High: 1.5616
Low: 1.5522
Today Open : 1.5579
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--->>Prefer today JAPAN and LONDON Session ---
Waiting for the break of support or resistance
- If the resistance 1.5646 is broken then the target will be 1,5675.
=> FX Trader could take a short position at 1,5615. We will put the stop loss,The targets are 1,5530.Each trade is dangerous, take care and put your stop loss.
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==>Above 1.5646 -> Open Long at 1.5650 with target 1.5675
If Below 1.5646 -> open short at 1.5615 with target 1.5530.

*** IF PRICE BREACH 1.5519 CLOSE BELOW ,PROJECTION TARGET 1.5475 *****

Time Frame H1 Bearish Butterfly Pattern


For Intraday Trader
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Time Frame H4 Bullish Butterfly Pattern

For day Trader

Time Frame M15 --- Japan Session

No Direction
Time Frame H4

Projection Price at 1.5750 and Support Price at 1.5530
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R3 1.5916
R2 1.5836
R1 1.5713
Daily Pivot -- 1.5633
S1 1.5510
S2 1.5430
S3 1.5307

Yesterday High: 1.5756
Low: 1.5553
Today Open : 1.5588
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--->>Prefer today JAPAN Session ---
Waiting for the break of Yesterday Low or resistance
- If the resistance 1.5645 is broken then the target will be 1,5750.
=> FX Trader could take a long position at 1,5645. We will put the stop loss,The targets are 1,5750.Each trade is dangerous, take care and put your stop loss.
==>Above 1.5633 -> Open Long at 1.5645 with target 1.5750
If Below 1.5633 -> open short at 1.5545 with target 1.5530.

--->>Prefer today London Session ---
Above 1.5630 ->Long at 1.5640 with target 1,5656
Below 1.5630 ->Short at 1.5550 with target 1,5430
"We take short a position. Each trade is dangerous, take care and put your stop loss.
.."

*** IF PRICE BREACH 1.5624 CLOSE BELOW ,PROJECTION TARGET 1.5500 *****---------------------------------------------------------
Time Frame H4 & Daily No Pattern

Time Frame M15 --- London Session

London Break-out

Time Frame M15 --- Japan Session

No direction

Time Frame H4

projection target 1.5660 C Wave



The price reach wave B 50% If Price not breach trendLine to movedown and resistant level 1.5788 for futher turning-up

R3 1.5861
R2 1.5814
R1 1.5778
Daily Pivot -- 1.5731
S1 1.5695
S2 1.5648
S3 1.5612

Yesterday High: 1.5767
Low: 1.5742
Today Open : 1.5693
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--->>Prefer today JAPAN Session ---
Waiting for the break of support or resistance
- If the resistance 1.5788 is broken then the target will be 1,5970.
=> FX Trader could take a long position at 1,5790. We will put the stop loss,The targets are 1,5970.Each trade is dangerous, take care and put your stop loss.
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==>Above 1.5788 -> Open Long at 1.5790 with target 1.5970
If Below 1.5788 -> open short at 1.5765 with target 1.5705.
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--->>Prefer today London Session ---
Above 1.5731 ->Long at 1.5735 with target 1,5760
Below 1.5720 ->Short at 1.5705 with target 1,5660
"We won't take a position. The risk/reward ratio is too high to take a position.."

*** IF PRICE BREACH 1.5624 CLOSE BELOW ,PROJECTION TARGET 1.5500 *****

Time Frame H4 & Daily No Pattern -

Caution


Need clear direction and signal to take position.

Time Frame M15 --- London Session

Japan session Break-out
Time Frame M15 --- Japan Session


Time Frame H4

Wave B Reach-out fibo fan 61.8%.

major fibo fan 38.2% .. The Price breach-out 1,5750 .. Waiting Breach 1.5788 for Turning -uo


The price reach wave B 50% forward 61.8% Fibo fan
R3 1.5837
R2 1.5795
R1 1.5746
Daily Pivot -- 1.5704
S1 1.5655
S2 1.5613
S3 1.5564

Yesterday High: 1.5753
Low: 1.5662
Today Open : 1.5693
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--->>Prefer today JAPAN Session ---
- If the resistance 1.5750 is broken then the target will be 1,5970.
=> FX Trader could take a long position at 1,5710. We will put the stop loss below 1,5660 (-50 pips). The targets are 1,5800 (+90 pips) 1,5970 (+260 pips). Each trade is dangerous, take care and put your stop loss.
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==>Above 1.5788 -> Open Long at 1.5800 with target 1.5826 and 1.5850 If Below 1.5788 -> open short at 1.5790 with target 1.5710 and 1.5670

*** IF PRICE BREACH 1.5624 CLOSE BELOW ,PROJECTION TARGET 1.5500 *****
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Time Frame H4 & Daily Bullish Butterfly Pattern -Remain

Time Frame M15 --- London Session


Time Frame M15 --- Japan Session

Time Frame H4

The price reach wave B 50% Fibo fan now turning to find wave C.


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R3 1.5807
R2 1.5760
R1 1.5722
Daily Pivot -- 1.5675
S1 1.5637
S2 1.5590
S3 1.5552

Yesterday High: 1.5713
Low: 1.5628
Today Open : 1.5684
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--->>Prefer today LONDON Session ---
- The current up-trend could be changing and moving into a trading range Sidelines Mode.FX trader are advised to wait for a clearer signal before entering the market on this one

==>Above 1.5685 -> Open Long at 1.5695 with target 1.5710 and 1.5770 If Below 1.5685 -> open short at 1.5670 with target 1.5640 and 1.5580
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Time Frame H4 & Daily Bullish Butterfly Pattern -Remain