i have a question for all those shorting right now. now we know the range was 1.2625 to 1.2565 until the strong support around 1.2565 was broken to the downside. just like any breakout goes a retest almost always follows. we saw that retest a few hours ago and not only that...1.2565 did not become strong resistance as a real breakout would indicate. not only that...we have reached the high end of the previous range at 1.2625 in a relatively short amount of time after breaking 1.2565 again. so the question is...why risk going short at this particular time when we have seen such a strong bull move totalling almost 200pips. Clearly there has to be a reason for it...fundamentals or not or pa would have reversed already if this was a temporary retracement. THe psychology of the markets is telling me right now...careful..dont do anything...trying to pick tops at this time is really a gamble. Correct me if im wrong but I just dont see any reason to go short at least until a period of consolidation and possibly until the end of us session
Sidenote:constructive criticism meant to challenge the minds...thats all this is..make you really think about what your doing haha
Sidenote:constructive criticism meant to challenge the minds...thats all this is..make you really think about what your doing haha
Different opinions highly valued, ignorant to slander.