DislikedJust look at those shadows / wicks above the 6400 level - I guess EV will be able to give us his expert opinion.......I've pull my standard fibs over that last fall - the retrace is right into the Decision Zone, where price "decides" if its going to retrace or go out of the other side and reverse....
I've got a small short - small in front of the UK CPI data due in 25 minutes - the short was after the last spike high - great 1 min tweezers / rail road tracks....
Edit: short closed ......I like banking these pips....Ignored
Good idea imho to close short. Too much leaping about to be certain of elephants objectives once news is out. Maybe expecting a fall so they can buy back lower & take price up for rest of day.
EV. Ive got the PP indicator up but need to clarify. The standard settings for SDX TZ times for Local_Hrs and Destination_Hrs are both at 2. Can you explain what both of these are?
What are your settings on these & what GMT is that for?
Thx