Technical Analysis Forex US Dollar CFD: 80.20 The first high above the level (above 80) is in place, this is part of the bigger picture unfolding, the move down from the high above 81.00 is part of the corrective pattern and we have to work out what types of pattern and size. The first thing we can look at is the short term and we can look to the US Indices, we can track the wave count up for the DJ and SP to get some idea of what will happen here. Current he price is sitting above 80 but the time this session is over the price will probably break this support and move lower, the current move down firstly needs to be understood as five wave or three waves, if we get five waves down then after a abc rally there will be another five waves down making a larger ABC down a 5-3-5 Zigzag Elliott wave pattern. For the end of this session the price will stick to 80 and edge down, we will look at the wave structure so far in the video and trading any currency you could also use what is occurring here around 80 and the US Indices to get a feel for the market if your day trading
Register
{#foreach $T.Years as year} <div class="year"> <div class="year_header"> <span>{$T.year.Year}</span> </div> <div class="year_months"> {#foreach $T.year.Months as month} <div class="month"> <a href="{$T.month.Url}" year="{$T.year.Year}" month="{$T.month.MonthN}">{$T.month.MonthName}</a> </div> {#/for} </div> </div> {#/for}
{#if $T.length == 0 && $P.root} <div class="no_cats"> <span>No Categories</span> </div> {#else} <ul class="cat_list" catId="{$P.parentId}"> {#foreach $T as cat} <li class="cat_item" order="{$T.cat.Order}" catId="{$T.cat.Id}"> {#if $P.select} <input class="cat_select" id="cat_cb_{$T.cat.Id}" name="cat_cb_{$T.cat.Id}" catId="{$T.cat.Id}" type="checkbox" /> <label for="cat_cb_{$T.cat.Id}">{$T.cat.Name}</label> {#else} <a href="{$T.cat.Url}" cat="{$T.cat.Name}" class='cat_link'>{$T.cat.Name}</a> {#/if} {#if $P.edit} <div class="cat_delete"> <a href="#" class="cmd_try_delete"><span>Delete</span></a> </div> <div class="cat_delete_confirm"> <span>Are you sure?</span> <a href="#" catId="{$T.cat.Id}" class="cmd_delete">Yes</a> <a href="#" class="cmd_delete_cancel">Cancel</a> </div> {#/if} {#if $P.edit && !$P.isRootBlog} <div class="cat_move"> <a href="#"><span>Move</span></a> </div> {#/if} <div class="cat_childs" parentId="{$T.cat.Id}"></div> </li> {#/for} </ul> {#/if}
<span>Parent category:</span> <select class="cs_blog_categories_list_dropdown"> <option value="-1">--</option> {#foreach $T as cat} <option value="{$T.cat.Id}">{$T.cat.Name}</option> {#/for} </select>