If that's the case, then it is highly likely that we are now inside or very close to a corrective wave 4... and roughly heading towards 0.9904 area... Just thinking out loud!
Focus only on what truly matters!
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Disliked{quote} I see this on MONTHLY, please note this down for later use: The larger fibo measurement points at 0.8973, BUT the recent fib measurement shows that we could have a blockage sitting at: 0.9577... Maybe the bounce is already happening... Overall, continuation of the bear trend depends on this blockage... Will it support? Will it not? Time will tell.. {image}Ignored
DislikedEU recovered from 155 pips drop in Asia after the opening, but still looks bearish. Fears of recession and USD strength are the reasons for this fall. 15 min chart {image}Ignored
Disliked{quote} I am waiting for a drop back down to 0.9600 and 0.9550 to buy some. If it goes up straight from here I'll simple hunt resistances to short. I already shorted and and ran out with almost 20 pips profit. But will wait to snipe again.Ignored
Dislikedpotential inverted h&s set up on 15m tf? If we break above 0.97 and today’s high might give us 9750 areaIgnored
DislikedWow... what a nice morning. Did a few quick scalps. Left three long trades I entered open: 0.96766, 0.96583, 0.96313. They are well spread out, so I accumulate them. Now, there's a rumour that England might intervene. When I heard that news on wire, I almost spit out my coffee, and almost fell from my chair.Unlike Japan with deep pocket, England doesn't have enough FX reserve to do that. Let's give them the benefit of the doubt. It may last two hours.
If England intervenes, it'll only benefit the ECB, lifting the Euro. My target short...
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DislikedThe bears have done well, and the bulls can show up anytime lol; {image}Ignored
Disliked{quote} Key level remain 0.9620 area for today. There are rumours on potential emergency rate hike in the UK. hmmm.. will we see more roller coaster today?Ignored