Disliked{quote} ...You mean the 1.15xx level will be just touched and continue the downward momentum?Ignored
- Markets in rough terms have 3 !!! not 2 states: Buy, Sell and Neutral.
- If you stop thinking/trading in direct transitions from buy to sell/or the opposite and looking for the ultimate tops and bottom to trigger you WILL do WONDERs to your account !!!... believe me in that one...
In simple words, there is no such a thing as continue momentum downward. Because there is none now. Its just a +1000 tick mid term retrace. When the retrace its over and clear and after passing the natural NEUTRAL stage in the transition you will start talking of momentum down ...not before !!!...
QuoteDislikedWhat will be the underlying fundamental for eu beach your exhaustion level?
I think you should rephrase the question:
- What will be the underlying FA reason for the retrace to end?
- And the answer is easy. FED RATES period
For now we keep riding the FA reasons since the MARCH FOMC for the current leg:
RETRACE = No June hikes + consistent weak US numbers + a lot better numbers in the EZ especially in the periphery
I hope it helps
sisse
Pending conversations? PM for a chat...I am mainly in OTM now