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Re: TRADING FORK EXTREMES 3 month Setups.
and here are my pics for eurusd, two for weekly and one for daily... You can see free upward channels, blue (v.steep) tomato (steep) and main gold (less steep). This gold channel is the same as on Summerset drawings, I think. And the analysis which follows is that: first we were in the blue channel, now we are in the tomato and when it breaks we will still be in gold, so the long run strategy is long.
On the daily you can see them more clearly. Now we are in the tomato and my guess is that eurousd will start growing soon below the median of the tomato (some fib number). It should lead is to 1.3800 which you can see on the weekly pics as the resistance (it crosses gold upper band).
Generally I hope this is similar to Summerset much more profound analysis.
And you can also see how it corresponds to usdchf pic above. I enlarged it and Im attaching it also here (the red lines here are M+, M, M- lines in the pic above. It appears we usdchf will go up to the line which is defined as M+ (up to 1.24) then it will fall to the support at 1.1946. And the eurusd should make the way up from 1.33 to 1.37.
And also I expect this move to be continues move up for euro and down for usdchf, so the support for usdchf will be broken on the spike below it (to 1.1900 and then back above 1.1950) and for euro it will be a spike above 1.37 to 1.3750.
Then I think we will have a retrecement on euro which will bring it to the lower band of the gold channel. Next, whether dollar will be further weakning depand on US macro data: gdp and inflation.
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Anyway, is there a diamond pattern on eur-gbp? It it breaks up, and if also eurjpy breaks the ressistance on daily, then euro will be rocking at the end of this week or next week...
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