Thanks DireXiv,
I too am wary of the direction based on the signals given at the moment.
EUR_USD is at the resistance point where it has failed a few times and the hourlies are o/s (stochastics)...could be consolidating for another run up. MACD currently showing trend continuation...Think I'll wait for a better signal and maybe look for a counter trend trade.
Cable too looks to be consolidating and may make a run up to 1.9700 area before hiting resistance and retracing. MACD giving a marginal rounding pattern, but I think I'll wait to see what happens later today. Maybe I can sell at a higher price and target the lower trendlines at 1.9578 and 1.9476.
Swissie too is at a TL support w/trend continuation signal on MACD. A break below 1.2399 could see the pair fall. A retrace to the MA's around 1.2355 would be a better sell point (think the pair may retrace a bit before continuing down).
With my thoughts go indecision....which means I will wait for better signals and clues to direction...and better entry points.
Thanks for letting me rationalize out loud.
I too am wary of the direction based on the signals given at the moment.
EUR_USD is at the resistance point where it has failed a few times and the hourlies are o/s (stochastics)...could be consolidating for another run up. MACD currently showing trend continuation...Think I'll wait for a better signal and maybe look for a counter trend trade.
Cable too looks to be consolidating and may make a run up to 1.9700 area before hiting resistance and retracing. MACD giving a marginal rounding pattern, but I think I'll wait to see what happens later today. Maybe I can sell at a higher price and target the lower trendlines at 1.9578 and 1.9476.
Swissie too is at a TL support w/trend continuation signal on MACD. A break below 1.2399 could see the pair fall. A retrace to the MA's around 1.2355 would be a better sell point (think the pair may retrace a bit before continuing down).
With my thoughts go indecision....which means I will wait for better signals and clues to direction...and better entry points.
Thanks for letting me rationalize out loud.