my long went closed (minor loss). this area 1.21 is IMO a possible medium term support...
BUT
looks like there will be a continuation far down. let's see where it will stop and show support.
Yesterday was the past
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DislikedCritical price level for termination of wave iv of an(expanding) ending diagonal c red. Setup for longs towards 1.2940 with SL at invalidation @ bottom of ii - for good Reward/Risk. GBPUSD 9Jan17.png;2131194 {image}Ignored
Disliked{quote} Interesting that you should mention this level BB because I have the daily range low at 1.1814 {image}Ignored
DislikedOn the day chart from the high of Friday to 2200 would be a good to put on a extention to the short side to see what we get watch out for 61% below the low and a possible retake of 2200 . If we can combine a 4 hour doji somewhere could look to be a strong bottom . ?? Or it will go to 161% I would think . At my site now so sorry no charts . Some kind trader might post one .xxxIgnored