DislikedIn your (wet) dreams.
but yeah, don't short at 1.3050 (although I did) but target 1.3199. That is more or less the upper channel line for the flag.
Edit: closed out at 20 pips.
Seriously, we bears have a few things to worry about. The number one is the Santa Claus rally. Number 2 is the higher TF correction for the 1200 pip fall south. Number three is the USD.
The chance of them all coming together right after Xmas is quite real.Ignored
You must that know helicopter Ben doesn't want a strong US$ and it's a presidential election year. Oh yea, time to pump up the economy, make the markets happy, get Obummer re-elected and save his job. This could be fun.
1.3750 61.8 fib and supply zone near the upper end of the medium and longer term channels looks like a nice place to exit my long. What can't go down, must go up..Just have to hurry up and wait.
I don't care which way the market is going as long as it's going my way