DislikedTook a short last night at 1.6339, have already locked in daily pips, and now enjoying a free trade.
Attached graph is my expectations for this retrace from today's move; sorry about the traffic on it, as I like to normally have a cleaner presentation, but thought the fibs around the 1.62 region represent a strong resistance area, and possible opportunity for a short to be taken.
No, I would take a position either way at present.
Would appreciate some VSA analysis for a four hour period... Malcolm?Ignored
Medium term, shorts look the safest bet IMO.