Trading Levels with Aggressive, Volatile Volume
EurAnalysis Kindergarten 24 replies
DislikedECB firepower fading?
On the other hand, each and every time market should slowly become more accomodated to creeping Italian bonds, so perhaps there will be some more bad things (bad data?) needed to cause panic. And 1.36-1.35 seems like a fortress. On the other hand, I think that when it eventually falls it might be violent. Don't you guys think? Either we break the "dislocated H&S neckline" and go down like a stone, or we keep bouncing it (making it a part of a falling channel ). Do I sound reasonable, or is it that...Ignored
DislikedBased on what I am seeing through experience on movements like this, I say it consolidates for the rest of the day, maybe create a bear flag through Asian session and then continue downwards tomorrow.
This time I believe it will be targeting the 1.3380 zone. Perhaps by Wednesday or Thursday.
I closed on position at 1.3543 and i took +180 pips and about 2 % return from first setup,waiting ful second target...
Disliked... from levels around 1.3585-90. Offers are touted in the 1.3620-30 area and European accounts rumoured to have EUR's to go all the way to the 1.3641 session highs. Note the Ichimoku cloud base runs in at 1.3568.Ignored
DislikedI have next level of TP at 3495. Hope you aint right.
Once bounce comes, I expect retest of range 3666 - 3689. But I will be shorting since 361x if bulls show any sign of weakness.Ignored
DislikedI didn't write that. It is from my news feed.Ignored