The bat from the GJ chart I posted yesterday is just about complete. Also, a completed bat on EJ.
I'm staying out until FOMC.
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DislikedWe might see $100 a barrel of oil (or close to it) if there is a rate cut coupled with the latest news on oil inventory. what do you think Markam?Ignored
DislikedYep, it would have to be during the summer, however, the blast bit is what used to concern me. I assume bodyguards are no longer required for tourists?Ignored
DislikedThat is priced in already, to me if we get no-rate cut or a 25bp, this thing should drop soon after the news, but if we get a 50bp then i don't know where this thing is going to go, but a huge retracement is due regardless of news.Ignored
QuoteDislikedMy duty is to my heart
DislikedAgree retracement is due. If rates are cut 50 bps.. this thing will go up.. pause.. consolidate.. and then drop should begin (could take a good 24 hrs after rate decision for some solid profit taking)
Remember all the USD pairs a day after rates were cut by 50 bps? They gave up all their gains and more.Ignored