Not exactly. The drop has been "fundamental." Risk assets, such as stocks, have been sold off heavily, sending the pair down.
The bounce we will get today is "technical" because it is bouncing off of the Weekly Pivot and a major Fibonacci level.
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Disliked{quote} Not exactly. The drop has been "fundamental." Risk assets, such as stocks, have been sold off heavily, sending the pair down. The bounce we will get today is "technical" because it is bouncing off of the Weekly Pivot and a major Fibonacci level.Ignored
Disliked{quote} I've been saying the last few days that its gonna go down first. At least thats my view. The old me would have been quick to build buys in this area. The wiser me says wait til at least 101.60-80 area and see what it does around there. I see as I have stated 101.45 is an area that may be attracting price before the next move up.Ignored
Disliked{quote} Your chart gave me the idea to go long. At least for a short term. Fib 38.2 plus moving average support.Ignored
DislikedIm gonna pull out my crystal ball and say...............spike down around 101.45 and then onward and upward faster than you can say pip. Target 104.34, still going to stand by that. 101.60-80 zone still the spot to look at to buy. Of course............Im most likely wrong but thats my take lol.Ignored
DislikedIm gonna pull out my crystal ball and say...............spike down around 101.45 and then onward and upward faster than you can say pip. Target 104.34, still going to stand by that. 101.60-80 zone still the spot to look at to buy. Of course............Im most likely wrong but thats my take lol.Ignored
Disliked{quote} If you're right then my stop @ 101.80 will go, but I am waiting for another chance around 101.50 as per last week.Ignored
Disliked{quote} Well, if you look at pound: If it was not priced in there, what else? It just went straight up without any retracement ...Ignored
Disliked{quote} Plus this area was support in January. Good luck with your trade. I'm desperate not to miss the train this time so I might be joining you after the 08:30 EST news.Ignored