DislikedOrange, Thanks - I have decided to take my profit at this level. Closed out at 1.3075. The reason for this is the aggression which the market has pulled away from the 8EMA & 89. The speed of this move means that there should be some sort of consolidation / retrace on the 1H. I am going to re-enter using the 1H MACD method. Profit for that last trade was +110 pipsIgnored
EurUSD
Look at the tail once the price hit fib 76.4% and just below 365. As I predicted earlier, these levels at least could hold this pair's from going upward for now. However, MACD is a TC upside.
USDchf
The so-called "EU mirror image" is also currently giving the same tail (in opposite direction to EU). Price is supported by 89 but MACD is a TC downside.
If USDchf manage to go at least fib 38.2%, the EU will also break the 365 as well and go towards at least below 200 region. This is what I can see the correlation between this two pairs for now.
Those rectangulars in shadow are perfect examples of rb/rt though...
p/s-look at the 89 and 200 in both pairs. Vice versa direction...
HAVE A LOOK AND MAKE YOUR OWN THOUGHT