On a year chart price is already below S3. That's not a common drop. But it can go a shitload lower. In 2016 it did just that.
those who can, do. those who cant, talk about those who can
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DislikedGap up? It may back to Friday's close before week open or a real gap is happening?! {image}Ignored
Disliked{quote} It's trading around 0570/60 before opening. Week open above 0570 is indicating some north to me.Ignored
DislikedI think i figured out why hedge funds bought the GBP.. Because that upper blue and the 2 yellow below it, were supports Tuesday. They should be royally screwed if a gap opens below 2304. A retest of 2155, and maybe much more if it breaks has a good chance. The GBP may do worse then COT implies with a Sunday open below2204.Its less than 8 pips lower to gap.Ignored
Disliked{quote} You are here. against 0520.. This is a one year chart. It hasn't closed -0506.8/0520, depending on broker. It hasn't closed below this point since Dec 2001. That was the year of 911. Bulls need to close above. bears need to beat that close, That close, and it probably has to be below 1.0421. 0421 may be the real support. (year close wise). Still over 6 months before the year close. A new low -03xx, a year below 0520 would be a lower close. But something made it stop. I suspect it was 0421. A LL and a close below 0421 I...Ignored
Disliked{quote} 0455 is boulder's day support. The open was below 0520. That's inline for a fall. Some R 0568. If it would bounce. Closing Friday below 0568 wasn't bullish to me. This open below 0520 didnt deter me,,Ignored
DislikedPossible eu sell at R 055x/7x.. I think closes below 0568 are bearish.. {image}Ignored
DislikedIf pa starts closing the 1h 4h below 0458.8. My chances for a bounce lessen. I ended up placing a pending at 0495x.. With a small 3 pip stop.Ignored