We're sitting at the 50% retrace from Fridat's low to yesterday's high. If there is to be a continuation of this down leg, it will occur in the NY session. Futures are about even right now and I don't know how much the RBA statement will impact the US markets. Perhaps somebody with more Fundamental experience can enlighten me here...
I have two shorts going right now, one from Sunday night which is in the red right now and another from last night at 1.2531 and green. If we close the hourly below the 50% FIB line followed by a confirmation candle, I may add to my short position.
Cheers!
I have two shorts going right now, one from Sunday night which is in the red right now and another from last night at 1.2531 and green. If we close the hourly below the 50% FIB line followed by a confirmation candle, I may add to my short position.
Cheers!
I observe your reality but live my own.