The market is making pin bar as I type (carving out the pre-news range), This thing really wants to touch the 50% retrace of the long mechanical looking downward swing. I think the top end of the range will be 2.11 just above that 50% level with the lower end being just below 2.09-- the market will likely sweep the stops down there. So if I had conviction about direction, I'd try getting short when the market sweeps the stops of those who sell the first touch of that 50% level, and I'd get long when we get back down just below 2.0930. Just throwing that out there. London is now gearing up and spreads are narrowing down to reasonable levels.
- Joined Aug 2013 | Status: Pip Slave | 661 Posts
In life you get 3 types of people, those who can count and those who can't.