this was posted more than 48 hours ago. link to original post: http://www.forexfactory.com/showthre...84#post6773584 theDHT view: mind the trap if this pair succeeds in breaching and then holding (after test) the downward TL and major fib levels of the entire down swing, then we are on alert for potential change in trend to bullish. otherwise, we look for T1 as the current swing target, followed by a 127 extension or 100% FE of the recent swing.  if we get to T1, we would be looking for a decent bounce, we may consider...Ignored
I agree that for the swing trader we're headed down - the question is how far and how fast?
Short at 149.6 with a partial position. When it closes below 148.99 I'll take a larger position to get to 147.4 level.