Friday, also end of Q3.
Since we already saw massive price moves this week, it's likely to be followed by another consolidation week. I may go on an early autumn retreat this weekend, and through next week.
Price wise, it is now trading between the 50-SMA at 0.975 and 200-SMA at 0.995 on H4. My view is, it's likely to consolidate between the 261% Fib and 323% Fib levels. That should give us 200 to 250 points trading range, for next 10 days or so. Until funds re-enter their Q4 positions.
**Maintaining high grammar standard. I can't help but to recall that scene on the peep show. That bloke in the boardroom, firing the other lot. It was a comedy anyway, so no harm intended. **
Take care. Have a nice weekend.
Cheers,
Cat
Since we already saw massive price moves this week, it's likely to be followed by another consolidation week. I may go on an early autumn retreat this weekend, and through next week.
Price wise, it is now trading between the 50-SMA at 0.975 and 200-SMA at 0.995 on H4. My view is, it's likely to consolidate between the 261% Fib and 323% Fib levels. That should give us 200 to 250 points trading range, for next 10 days or so. Until funds re-enter their Q4 positions.
**Maintaining high grammar standard. I can't help but to recall that scene on the peep show. That bloke in the boardroom, firing the other lot. It was a comedy anyway, so no harm intended. **
Take care. Have a nice weekend.
Cheers,
Cat
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