If we were to stay within the wedge we could go up big time. If it is a fake breakin I would expect a revesit of the lows before exploding upwards.
Another day, another dollar.
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Disliked{quote} Would love to see 0.9750 first before going up today. To me pa under 9850, there are remain chances that we will see 9750 first. I will be surprise if we go up from here to 9940Ignored
DislikedBe Careful of MM and Leverage, market so Big, Stop loss 25 pips for Sell/ Short Support 0.9741 or 0.9641Ignored
DislikedFriday, 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...Ignored
DislikedSeems to be bearish for now, unless this breaks to the upside unexpectedly. {image}Ignored
DislikedCritical minutes... will price bounce up from 0.9818 or crash down.. Let' see...Ignored
DislikedTik tok... 0.9791 is critical at the 1 hour timeframe and if it gives up with power then I wll use weekly fibonacci pivots for a guide. If, this is the start of a downtrend then we should see 0.9636 first. Just watch the volatility can get ugly. Today we should at least watch EU printing a 98 pips range and taking this into consideration then still there is chance that EU will see 0.9889 later if the US session permits it just a case. Good luck!{quote}
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Indeed a drop could be near.
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Disliked{quote} Agree with 9791 my friend. In fact I am thinking we may range here between 9850 and 9790 before next leg up or down {image}Ignored
DislikedBe Careful of MM and Leverage, market so Big, Stop loss 25 pips for Sell/ Short Support 0.9741 or 0.9641Ignored