Morning all, hope you're well. I hope 1.1845 holds up as resistance for today.
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Disliked1.1850 is excellent area for robber banks to stall price. Can it go higher? Will it drop from here? That's the million dollar question now everybody is asking inside these minutes. I personally took profit at 1.1845 and prefer to stay on side lines at the moment. Bulls might want to touch weekly resistance: 1.1864! I am sensing that this will not reverse that easily. No rush!Ignored
Disliked{quote} Lagarde's speaking again at 10:30, but can't see that moving the dial much tbh. So I'm guessing the day's decisive movement will be determined around 1:30 when PPI data drops. Friday though...not a fan of those because the end-of-week profit-scooping can generate misdirection/confusion (for me at least). Could you see it potentially reaching up to 1.1880?Ignored
DislikedRemember the H1 chart I posted last night? The breakout from 1.18355 has now happened and it was clear and strong! Thinking out loud: Why would bulls now give up, after digging to the upside for so long? Remember that Lagarde was talking positively! And remember that I said -I believe her and my bias is bullish from now on- Now... please notice the black trend line that I added to show you why price has slowed down the moment it arrived at 1.1851. I believe this is temporary. As long as 1.1835/40 area supports bulls will probably keep pushing. Therefore...Ignored
DislikedRemember the H1 chart I posted last night? The breakout from 1.18355 has now happened and it was clear and strong! Thinking out loud: Why would bulls now give up, after digging to the upside for so long? Remember that Lagarde was talking positively! And remember that I said -I believe her and my bias is bullish from now on- Now... please notice the black trend line that I added to show you why price has slowed down the moment it arrived at 1.1851. I believe this is temporary. As long as 1.1835/40 area supports bulls will probably keep pushing. Therefore...Ignored
DislikedI am not yet confident to trade, maybe i am short later at 1.185+ if price goes back there.Ignored
DislikedBased on H4, I simply watch 1.1828 support! While above I stay bullish! {image}Ignored