The Ichimoku Report Nov. 30th
EURUSD
Bouncing off the weekly Tenkan and keeping true to the pattern to date, the pair has yet to close below the weekly Tenkan since April so anyone loking for a buy should target bounces off the Tenkan while taking profit at thte 1.5000 level as price has yet to actually close on any weekly basis [...]
The Ichimoku Report Nov. 22nd
EURUSD
Showing an inability to have a weekly close above the 1.5000 barrier, the pair has had now 4 rejections on a weekly basis here. We feel this week or next is the decider for the next leg on this pair. A close above 1.5000 increases prospects for a year end push while a close below [...]
The Ichimoku Report Nov. 16th
EURUSD
Not quite trotting in place like a show pony but being rejected at the new highs while making mild gains on the week, the pair has yet to close above the big figure at 1.5000 which we feel is the first requirement for new buyers to come in. The 2nd requirement will be breaking a [...]
Except from the upcoming book (Price Action and Pivot Points)
Taken from the chapter Black Holes and Pivot Points:
According to the General Theory of Relativity, a black hole is an area or region in space possessing a gravitational field of immense power that nothing can escape its pull once its reached a certain distance from it (the Event Horizon), not even la luz. It purportedly [...]
Weekly Ichimoku Analysis Nov. 9th+
EURUSD
As we wrote last week, anyone looking to get long could use the weekly Tenkan line which held, rejected the attempt at lower prices, and have since pushed the pair back up within 70 or so pips of the yearly highs. Although some warning should be had in the fact two weekly candles still have [...]
Weekly Ichimoku Analysis Nov. 2nd+
EURUSD
The armor has been dented. The first signs of damage to the upward assault have been marked on the shield and the first wound delivered. Why?
Since the pair broke above the weekly 20ema and the Kumo, there has not been one weekly loss this heavy on a closing basis. On top of that, in the [...]