Disliked@ TAH,
http://www.forexfactory.com/news.php?do=news&id=395430
She's confirming your sentiments about the EUR/JPY if I read that right.
I'm watching for the short side.Ignored
Keep Simple...!
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Disliked@ TAH,
http://www.forexfactory.com/news.php?do=news&id=395430
She's confirming your sentiments about the EUR/JPY if I read that right.
I'm watching for the short side.Ignored
DislikedUmbro, the trend is now down. Look at "M" on H4 and that price is coming up to retest support it fell thru. It may become resistance. Of course, the market will do whatever it decides to do. So, in the face of this new down trend, a retrace could take price above this SR area. There is just no way of knowing. It is up to the market to decide and for us to be quick to ride.
Therefore, it could go either way from here. Up or down. But "up" would be CT, and maybe not so far. Since "down" would be with the trend, it might be less risky, and...Ignored
DislikedYou could be right. And we simply "let the dragon and PA show the way", so lets see what happens.Ignored
Disliked@ kotlt, that's a pretty asinine thing to say.
You wanna know what I see? Price bounced off the 104.000 level firmly, fib retrace shows retrace down to 103.220 area (23.6 level) price is still too far away from EMA's to warrant any bid, could just be correction before it takes off again. London session should show more.
the Chief Currency Analyst at IBFX who is the foundation for this very system that Sonic has adapted from is saying watch for the reversal.
I'd think that its a pretty smart idea to at least LISTEN to what she is...Ignored
DislikedTah, can you please tell me how to remove/disable DS1, DS2, DR1, DR2... line in your templates?Ignored
Disliked=D its ok.
But it is important, to know what is happening in the forex world.
What you see (technical) may be correct, but price goes the wrong way (fundamental news)
So you must look deeper than just what you see.Ignored
DislikedMezzy, sometimes prices move based on news. Sometimes those price moves are seeminly consistent with the news, and sometimes they are not. And sometimes prices move without news. Sometimes those price moves are seeminly consistent with the absence of news, and sometimes they are not.
Really, the only true and faithful fundamental in trading is the greed of the biggest players whom can manipulate prices anytime they want to, in either direction they want to, or in both directions (back-to-back moves), in order to make profits and for no other...Ignored