Thanks for the Analysis..I missed the bear trap friday..I am glad I lockin in pips before the whipsaw...
Dislikedas i posted before, we are at crossroads; i am watching...
g-j punched into support, but went back above; not a good idea to short right now, it would mean to go short into support... need to see a clear break below and then we could ride it to 130/132 area.
go long, then? not so fast. distribution areas for today and yesterday were 140.42 and 140.53 (see the attached chart). IF we were to go up again, i would first expect this level cleared; only then we would think about 148/149 area (+/- 100 pips) = the upper edge of the descending channel....Ignored
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