Hi all,
As usual, when we had a run either up or down...once the side way movements become "boring" people are looking for new entry opportunities..
In this case...I see short, short coming out in different threads..nothing new there..smiles..
Bear in mind..these two runs yesterday & today had a purpose, to break two major Daily fib (fan) levels, yesterday the 50, today the 61.8.
Daily 61.8 fib fan is crossing the current 38.2 fib fan (retrace) @ 1.3655
So just a friendly word of advice...be careful shorting this currently, we are on this level for a reason with an historical leap in 48hrs...
The support on this 1.3655 level might turn out to be strong in the current risk aversion situation...
As always...just my 2 cents...
As usual, when we had a run either up or down...once the side way movements become "boring" people are looking for new entry opportunities..
In this case...I see short, short coming out in different threads..nothing new there..smiles..
Bear in mind..these two runs yesterday & today had a purpose, to break two major Daily fib (fan) levels, yesterday the 50, today the 61.8.
Daily 61.8 fib fan is crossing the current 38.2 fib fan (retrace) @ 1.3655
So just a friendly word of advice...be careful shorting this currently, we are on this level for a reason with an historical leap in 48hrs...
The support on this 1.3655 level might turn out to be strong in the current risk aversion situation...
As always...just my 2 cents...