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Posts by FMCB

in b0ovvo0d chart Jan 31, 2013 at 06:21
I like the way you think and draw your channels. This is what most forex analysis is all about.
in FMCB chart Jan 31, 2013 at 06:21
Good day everyone. Based on the technical and harmonic analysis I drew this simple expectation. As you can see that this is the Bat form 'W form' which has left leg level (97.28 level) higher than the right leg level (95.15 level). As a result, we expect that full harmonic shape to be formed reaching 123.65 and closing the weekly on or below that area. Our stop loss is going to be 100 pips above 123.65 or even 150 pips is enough to be safe. If our expectation is completely correct, we expect that price to start a strong decline starts from 123.65-80 to a very down level breaking the last weekly low at 95.15 to reach 89.85 level or around this area. "Analysis disclaimer: FMCB shall not be responsible for any loss as a result of any investment based on any recommendation, forecast or other information herein contained. This analysis should not be constructed as a promise, guarantee by FMCB that Traders will profit from the chart analysis herein or that losses in connection therewith can or will be limited. Therefore, FMCB is not responsible about traders decisions taking this analysis in consideration or not as well as using it on their real accounts."