2017/10/12 07:58+1GMT
EARLY MORNING REPORT
So actually it was too late for pit session to fill the old gap downside and in fact it closed down to 3222. But then overnight continued upside and went up just some pips below 3272 (that is still interesting in my opinion.
Note that price is far above yesterday GB session high 32107, for now, so a new possible GB gap is forming upwards. Note anyhow that we are currently above an old GB gap downside that at open could become a double pass one 3233-32437 and that could attract price after GB open.
Our main levels for today could be 32273 (brexit low), 32674 (minor bracket top) and 33144 (a significant old inside week top)
Main closest composite pocs are above 3397 and below 3206/7
Remember that for now we are in a mid term trend downside as we got 4 weeks in a row in one timeframing action downside. While at the opposite we are in daily short term trend upside as we got 4 days in a row in one time frame action upside.
Note that we left downside a very weak low around 3176 just above our upper monthly bracket half back 31637 then followed by a substantial amount of weaknesses down to 3074 level. (back to back Tokyo and Sydney lows)
EARLY MORNING REPORT
Disliked3244 if it managed to stay above 32273 is possible. As it is the top of the old pit gap downside. Then if overnight will continue upside we could also have 3272. If not our composite poc 3207 is a valid place to return. Have a nice continuation. Best, L.Ignored
Note that price is far above yesterday GB session high 32107, for now, so a new possible GB gap is forming upwards. Note anyhow that we are currently above an old GB gap downside that at open could become a double pass one 3233-32437 and that could attract price after GB open.
Our main levels for today could be 32273 (brexit low), 32674 (minor bracket top) and 33144 (a significant old inside week top)
Main closest composite pocs are above 3397 and below 3206/7
Remember that for now we are in a mid term trend downside as we got 4 weeks in a row in one timeframing action downside. While at the opposite we are in daily short term trend upside as we got 4 days in a row in one time frame action upside.
Note that we left downside a very weak low around 3176 just above our upper monthly bracket half back 31637 then followed by a substantial amount of weaknesses down to 3074 level. (back to back Tokyo and Sydney lows)
Ubi maior minor cessat
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