Focus on the EURGBP & EURUSD Live
| 29 June 2011
Supporting Video for June 27, 2011 Market View Analysis
http://www.youtube.com/watch?v=1ui_ommJzT4
The 'Rising Three Methods' identified on the candlestick formation would trigger technicians to re-establish long EURGBP positions the same way we have done so. This strategy is applied to maximize the profit and market potential of the EURGBP strength, with slight to lower corrective moves for the GBPUSD to fuel the direction higher.
While the EURUSD holds just above the 38.2% Fibonacci rising fan formation as indicated on the chart. This has been our simple approach applied whenever such typical candlestick formation occurs. Keeping the short with protective trailing stops to liquidate/settle our shorts on the way up; while maintain a cross trade long ( short term daily basis) on the EURGBP to cover the probable loss on floating pips on the GBPUSD. Thus maximizing the market potential on both directions without having to sacrifice the quality of trades made from the past week of June 07 to the current time frame involve.
Please refer to our continuing market strategies applied from June 07 from our market view analysis and the corresponding chart formation and video supporting these technical applications. However it may be, as the strategies made are with a substantial, managed and appropriate funds portfolio with a well defined risk appetite to follow whenever the opposite occurs.
• NOTE: Rising Three Methods: A bullish continuation pattern in which a long white body is followed by three small body days, each fully contained within the range of the high and low of the first day. The fifth day closes at a new high.
