Good morning all,
We seem to be in a test of the daily pivot area (mine is 1.2775). I've got a sell at 2760, looking to go only to 2705 for 50+ pips. If it gets below 2700, then I think it will go on down to set new intraday low, past 2662. Where? I don't know.
On the long side, I think we have to get past 2820 to continue my long target to 2991 and a Double Top.
On the H1, the 7ema is above the 21ema, but not very decisively. We're actually working on big doji candles for the past two weeks, which is what I've been feeling.
Comments welcome of course.
We seem to be in a test of the daily pivot area (mine is 1.2775). I've got a sell at 2760, looking to go only to 2705 for 50+ pips. If it gets below 2700, then I think it will go on down to set new intraday low, past 2662. Where? I don't know.
On the long side, I think we have to get past 2820 to continue my long target to 2991 and a Double Top.
On the H1, the 7ema is above the 21ema, but not very decisively. We're actually working on big doji candles for the past two weeks, which is what I've been feeling.
Comments welcome of course.
Up or down, gimme a ticket