Forex Euro/ Usd, H4 - 20 August 09

Fore Euro/ USd H4 - It touches 78.6 fibo and turn, as you can see that it still in the down in the main trend. The 2nd wave pull back is higher than the 1st one and also the wave length is also shorter means the bearish strength is loosing out. This down turn will not go too far as we saw the Daily candle shown it will go up further. So I will say this 3rd wave down is going to be a short wave. Once it break that 1.4327 where the top arrow is pointing then the bearish main trend days are over.

Forex Euro/ Usd, Daily - 20 August 09

Forex Euro/ Usd Daily - The yesterday daily candle shown with long leg means it pick up the bulls strength. It looks like it might go further up today.

Forex Euro/ Usd, M15 - 19 August 09

Forex Euro/ USd M15 - the second wave for M15 pull back is the same as the 1st wave at 61.8 fibo.

Forex Euro/ Usd, Index - 17 August 09

Forex Euro/ Usd Index - The Euro/ USd drop now due to this 3 musketeers drop and US dollar index also rising. Yesterday was kind of mixture so makret can't really decide.

Forex Euro/ Usd, H1 - 19 August 09

Forex Euro/ Usd H1 - it touches the bottom of the channel, if it break the 1.4069 the H4 channel will turn back down and move further down.

Forex Euro/ Usd, H4 - 19 August 09

Forex Euro/ Usd H4 - it build up a long leg candle shown the it will move further up and looks like it might go up the the same pull back level as the 1st wave pull back at 61.8 fibo.

Forex Euro/ Usd, Daily - 19 August 09

Forex Euro/ Usd Daily - looks like it's not ready to go further and pull back will be deeper.

Forex Euro/ Usd, H1 - 18 August 09

Forex Euro/ USd H1 - moving in the pull back channel now. Once break out of channel it will go down further.

Forex Euro/ Usd, H4 - 18 August 09

Forex Euro/ USd H4 - it does not seems strong bearish strength cos as you can see the 2nd wave length had drop 20% of the 1st wave length. Let see how far the pull back on this as the 1st wave is at 61.8 fibo.

Forex Euro/ Usd, Daily - 18 August 09

Forex Euro/ Usd Daily - For me I always like to flip over my chart to have a better view of the other side. Cos most of us only good at looking 1 side of direction and I have the bullish eyes. So what did you see, next target as shown with the arrow.