The Charts Of the Day

We use;
200 daily ema,
stochs 5,3,3
Fibonacci tools and
Tredlines
to analyse the market on daily basis.

Now
I eurusd in the start of tuesday the 28th of december 2010 with a suitable stoploss with my first tp in 1.3348 that is the 200 daily ema resistance.

If price continues above the 200 daily ema resistance I will put my next tp close to fibo 61.8=1.3737.

An upward displacement of price above the 200 daily ema will sustain the motion above the November bearish trendline and as this will further support the shift in bearish scenario to bullish scenario.

https://www.nigeriaforextrading.com/...1407998351.jpg

Hi Mathtrader, I see that you at the correct entry. The inventory is showing some strength and its own trending up for now! I saw a few accumulation in place I use none of the indiors that you just used.

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Originally Posted by ;

Hi MT, great to see the thread.

Just one question. . .How about the daily resistance?
It's merely on the price right now.

In my opinion you need to wait till tomorrow before going long.

Not a criticism, only added for debate.

Key: Green-monthly; Blue weekly; red daily and gold, BIG numbers

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Hello phreddy,I can`t determine the monthly resistance you're talking about.Is it a latent resistance?Or are you talking about fibo 23.6 retracement of Novemeber?

Quote:

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Originally Posted by ;

Hi Mathtrader, I see that you long at the correct entry. The stock is showing any strength and its trending up for today! I saw a few accumulation in place, however I use none of those indiors that you just used.

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Hello Ronald,it appears you use dollar ideas to call your trades.I will love if you really do n`t mind sharing your thought with this thread.

Quote:

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Originally Posted by ;

Hello phreddy,I can`t see the monthly resistance you are talking about.Is it a latent resistance?Or are you talking about fibo 23.6 retracement of Novemeber?

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Too technical for me personally MT, I just put lines from the W, M, D TFs.
FYI, on the H1 today the line was busted but retraced down, broken up and is now going down .

I am really new to SR so that it is of interest to me personally how price is acting right now.

Hi MT, great to find the thread.

Just one question. . .How concerning the daily resistance?
It's merely on the price at the moment.

In my view you need to wait till tomorrow before going long.

Not a criticism, just added for discussion.

Key: Green-monthly; Blue weekly; crimson daily and gold, BIG numbers
https://www.nigeriaforextrading.com/...1528693566.jpg