Went SHORT @1.2370 as per GMMA cross-over in 1hour and still holding with around +90 pips.
I believe the hereunder cenario is more likely, we will visit the 1.2235 area before we continue the uper trend (Any comments???) to 1.4000Ignored
DislikedHi Shadeslay.I see what you mean about the fibs. I pulled the fib levels up using the weekly charts and then switched to daily timeframe.I see what you mean with the confluence,it is very built up around this area. It may stall temporarily.
My bias is a little to the downside at present though.We will see how things play out.You never can predict just what the markets have in mind.Ignored
DislikedAs the price cosed below the 200EMA in 4H & Day it may retrace to 1.2305 or 1.2323 before continuing with the downfall. I'm still holding my short position with +88 pips.
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