Monday, May 14, 2012

Shanky Does the EUR/USD

Here is how it all falls out -

Monthly - Note green LT support throughout the charts.

Weekly - Large pink/white (whatever color- the falling channel) support could come into play if things go as bad as anticipated, STB has been very right so far over the past year or so targeting 1.35 then 1.25 on the pair. The only thing that is left is my $116 call.

Daily - The HnS targets LT green support near $126.

60m - The recent falling wedge after HnS neckline breakdown and falling off yellow channel (see daily chart) resistance. Also blue wedge breakdown targets green LT support.

Let me know if you need any explanation or have any questions.

GL and GB.

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