DislikedThere is a historical SR line sitting at 241.06 so I'll be building shorts in the 240s. I already have some entries in the 239.90 area. Target could be another 1000+ pips down.
See chart (though there's nothing really important there apart from the purple line sitting at 241.06 (top of the chart). The grey shaded area is also a buildup of resistance. There is a Gann timepoint on 1st/2nd Nov so that could see a reversal.Ignored
http://www.forexfactory.com/showthre...36#post1691636
Target has essentially been hit in the 221/220 region as called from 241 so another 1000 pip call in the bag. I am expecting a reversal from 221.83 (88.6% on the daily high to low - already hit) to 220.52 (purple line). As usual, I'll scale into longs. Target is about 2500 pips up to the 244/245 region. I don't mind holding onto these as the positive interest is nice. http://www.fxsurfer.com/forums/images/smilies/smile.gif
Also, should the 220.52 region break I will consider reversing my positions short for a long journey south. But as usual, whilst within the support area, I'll remain long. It may take some time to exhaust all of the bears.