DislikedWe just got to 38.2 at 1.30189, technically we only got to 1.3020 but the level is there.
Don't think there is anymore downside now. I'm looking for a top now but I really can't spot one because of my trend line. Ignoring my trendline, possibly 1.31712 which is 127.2 or 1.32124 at 161.8.Ignored
We are also overbought on Daily, but we've seen situations before where we continued rising despite how overbought we are.
1.348xx which is the 50% retracement of 1.20419 - 1.4397. We should be able to get there unless the 38.2 proves to be an ass. We still lack a retracement at 23.6 of 1.27xx levels. So direction now is really confusing. PO Short at 1.3485 should be a really good idea though.
A 1 pip gain is better than a 1 pip loss.