It is nice to see familiar faces. Wooowoowww forexfactory is all new nice and shiny! And a little bell !
From 1480 heights, followed nice clean lower lows lower highs with quite the momentum. But the last low wasnt very convincing now was it? And bulls now doing, seemingly, what they were doing yesterday before a new drop.
Nonetheless, if 40s holds here, Id expect at least another low rather than an another 60s attack. But a lot can happen in between. Remembering this would be the third day bulls do all they can to keep it above >.134x, but bears keeps on closing the day below it. For me, this could be good or bad : not attacking 1280s early enough will have bulls attempting to reach the stars again. But no action soon above .1340s means momentum is still ferocious enough to break through these weeks main range levels just like the bulls did, but with some extra weekly trending juice.
Added to my shorts here, at 1342, 14 pips SL.
From 1480 heights, followed nice clean lower lows lower highs with quite the momentum. But the last low wasnt very convincing now was it? And bulls now doing, seemingly, what they were doing yesterday before a new drop.
Nonetheless, if 40s holds here, Id expect at least another low rather than an another 60s attack. But a lot can happen in between. Remembering this would be the third day bulls do all they can to keep it above >.134x, but bears keeps on closing the day below it. For me, this could be good or bad : not attacking 1280s early enough will have bulls attempting to reach the stars again. But no action soon above .1340s means momentum is still ferocious enough to break through these weeks main range levels just like the bulls did, but with some extra weekly trending juice.
Added to my shorts here, at 1342, 14 pips SL.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
4