DislikedMonarch...where's the "Turkey" avatar?....was starting to like that!
Cheers
NPIgnored
Cheers all around.
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DislikedMonarch...where's the "Turkey" avatar?....was starting to like that!
Cheers
NPIgnored
DislikedHow is this Avatar, looks sad, but it could be a turkey in disguise.
Cheers all around.Ignored
DislikedHow many times in this past 2 months have we seen this happen.
Resitance keeps price down, price returns and pushes back at the resistance, then it gives way for the price to pass by.
Then the price comes back again, and this time it does not resist, but actually says, Hey I support you, please don't push me so hard.
Kind of like the bully on the playground theory, you get tired of being pushed around and you realize I better just get along and show my support for this guy or else.
Cable has pushed the USD all over the playground for some time now, and the Dollar is tucking its head, and is saying "you go right ahead."Ignored
DislikedHow many times in this past 2 months have we seen this happen.
Resitance keeps price down, price returns and pushes back at the resistance, then it gives way for the price to pass by.
Then the price comes back again, and this time it does not resist, but actually says, Hey I support you, please don't push me so hard.
Kind of like the bully on the playground theory, you get tired of being pushed around and you realize I better just get along and show my support for this guy or else.
Cable has pushed the USD all over the playground for some time now, and the Dollar is tucking its head, and is saying "you go right ahead."Ignored
Disliked
stupid question #1: does there always need to be a 61 fibo breach to have movement back in original direction??Ignored
Dislikedif you think the dollar is getting tired of being pushed around I 'll tell you right now this two headed monster is wearing me out! lolIgnored
Disliked
Low 1.9750
High 1.9914
38.2% - 1.9852 (retracement complete)
50% - 1.9832 (retracement complete - exact low 20 minutes ago)
61.8% - 1.9813 (watching now)
1.9813 is a key support that I mentioned at the London Open time.
Actually the price jumped up at the London Open to 1.9835, then came back down to 1.9812-13 and held.
This showed nice support at the Open, and price bounced upward from that point.Ignored
Disliked
Price just reached 1.9812-13 for the completion of the 61.8% Fibo setup as noted above.
Also on the Monthly, this price should be considered a support area for today's session, and possibly the week.
Price is going back up now, and has passed above 1.9832 50% fibo, this should act as support, next level to reach would be upwards to 1.9852.
Range for the day:
Low 1.9812-13
High 1.9850-52
Projection for the median range today is 1.9844 area.Ignored
DislikedAnother way of looking at it is that it's now going in waves down, retracing 61.8 each time, the last wave down being from 1.9870 to 1.9813 which just retraced slightly short of the 61.8 fib at 1.9848 and is now heading lower.Ignored
DislikedMonarch, the fibs did a good job today.
You have used a low of 19750, can you tell me why you have used this as the low and not any of the previous lower lows?
Thanks, and also for everyones input today, much appreciated. strada.Ignored