Long from 1.1177, hit 1.1212 failure, dead stopped 1.1215 then reversed to 1.1194 saw 1.1187. +53 total. EUR/CHF failed at 1.0982 and reversed to 1.0955. So from long 1.0952, +30 and short +27. Total pips 110. Next we go with EUR/CAD because tomorrow is BOC and because EUR/CHF is not going to be a good performer. I posted this because one of the members of the Money first Cabal said EUR/CHF is going through the roof. He’s obviously not only dead wrong but he’s a proven Bernays Propagandists. Excuse this cheer count the pips rah rah. Its for new readers.
EUR/USD. Bottom 1.1138. Range break above 1.1246, Below 1.1142. Overbought sell point 1.1257, Failure point 1.1243. Strategy. Long above 1.1195, Target 1.1257. Then reverse short to 1.1226. Failure at 1.1243 then short to 1.1219. Points on the way up, 1.1201, 1.1214, 1.1230, 1.1247, 1.1255, 1.1264.
Shorts below 1.1194, Target 1.1166. Watch for reversal here to 1.1194 and higher. Points on the way down, 1.1193, 1.1184, 1.1176, 1.1170, 1.1154, 1.1138 Bottom. 1.1166 must break higher to go long.
Brian Twomey, Inside the Currency Market, btwomey.com
