Bearish flag on H1, what do you guys think?
Agree on the reverse H&S. Downward pressure on this pair seems unconvincing, price attracted to weekly pivot for now.
Most unfortunate for me, nevertheless I do agree with you. Will probably need some godly intervention to get this thing to drop.
I don't think there is "too high" in forex. Anything is possible. However, like Draghi said, "its premature" to make judgement now. I do consider a LL 1.05ish be more likely before going any higher. Above 1.12 will be strong signal for a trend ...
Well I have a couple of positions scuba dived, in any case, I do see it coming down as we speak. Unlikely to reach 1.09 for this week in my opinion.
WTF
Make plenty of sense to me....
Double top on M5. May not be too meaningful on bigger TF or after data release.
We may still see some pumping right before NY opens.
We may see a bounce at 1.05, I'm guessing 40-50 pips. But if NY pushed through 1.05 decisively we will print a new low.
