if the price close above 1.26 the chance to return is too low because it will close on the fibonacci fan ... and he will pick the next one next week.
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DislikedAlways keep the bigger picture in mind. See the 61.8 lines up nicely with structure on the daily, price has been making lower lows and lower highs if it breaks that trend line up I'll look to short from daily 61.8. {image}Ignored
Disliked{quote} I still do not understand your markings. really each person sees different. or ?Ignored
Disliked{quote} Tell me what you don't understand and I'll see if I can clarify. I see USD support area below on the weekly. {image}Ignored
Disliked{quote} We have 4 hours left. I'm not expecting a hit, more of an explosion. {quote} I have nothing but respect for Gunslingers. (at 2531 move Sl to 2505, TP 2613)Ignored
Disliked{quote} Or 30m? If the price can't get past 2531, it will probably head for 2422...based on PA of course. A strong break above 2531 opens the door to 2613. A daily close about 2613 opens the door to 2770 by the end of the month. PA and S/R analysis...not Illuminati analysis.Ignored
Disliked{quote} So much happiness and jubilation in here right now. Congrats to all who managed to catch some of the quick windfall of pips!!! I still have 2530 as the gatekeeper to 2613. If there is no decisive break of 2530, I see 2422. So my bear line is 2530.Ignored
DislikedBystander privilege: The price will stop and pullback + or - 5 pips of 2530. Too many hidden resistance points on my setup. Put differently, today's close is going to be less than 2530 with a 90% probability. For a move high better not to touch 2530 at all today and retrace back to 2466 to build energy for a push to 2613.Ignored
Disliked{quote} okay ... the only way to avoid Flash S & P is to drop the dollar ... for the S & P soaring the dollar falls .. flash S & P is terrible the world would have a crisis ... then we can see a dollar fall. Do you think the US government will let that happen? S&P is more important.Ignored
Disliked{quote} You are talking extremes, Flash Crash/S&P soaring etc as if there is nothing in between. We are not trading yearly candles here. I think the next rate decision is next week (18-19th) is this correct? Not sure. The talk is they will drop rates. If they do, then just like it has occurred many times before, the market will have already priced it in, the herd will short $ when the rate cut occurs (at support), they will provide some bonus liquidity for the smart money, be caught behind the curve (and well behind the market). Let's see what happens...Ignored