Lovejoy,
I want to take a moment and thank you. You are doing an excellent job of communicating the general action some would be taking in the current market conditions. Because of your communication, I will now plan to make this thread a place to visit to gain a better understanding of the opportunity.
BR
I want to take a moment and thank you. You are doing an excellent job of communicating the general action some would be taking in the current market conditions. Because of your communication, I will now plan to make this thread a place to visit to gain a better understanding of the opportunity.
BR
DislikedThis is how we (Jacko traders) would be viewing the EU right now.
Chart 1: Old Daily TL - this has been broken. When this convincingly broke our bias was short.
Chart 2: Current Daily TL - we have been looking to short retracements above this TL (or short a convincing break of this TL).
As you can see the 50% fib (to the nearest big round number) is 1.4700 so price may be heading up to this area, but in the meantime by using the daily and 4H charts we have seen plenty of areas to take more aggresive shorts from the hour of the recent sideways...Ignored