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DislikedKinda obvious move would be to break down the channel, break the 200EMA and go down to complete H&S formation to either 0.9736 or 0.9700. But...... may be 200EMA will support and will go back up in the channel for liquidity @ 0.9910. What you guys think? {image}Ignored
DislikedMeanwhile, on M30... Everything went beyond guesstimated targets today. Especially with the drop of overall liquidity, the bull spike I was expecting didn't happen (yet)... but I am still waiting for it... Meaning: First I expect a rise into vacuum area... Maybe 0.9810 max... and then eventually a falling knife... Time will tell...*Keep in mind that 0.9790 is the opening price of this month's candle! (i.e. October pivot) {image}
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DislikedAs it seems from the price action EU will try to break the lower bound - 0.9755 but also it could stay up if it rises above 0.9790 and the weekly R1 and 100 ma on 1 hour chart. Still ranging, Volatility is 81 pips plus the end of the week will not offer a significant break. I'll let you know if{image}
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Disliked{quote} The bull spike towards 0.9810 came delayed but it came.... so what is next is the falling knife... Don't get caught with longs... Stay alert! Happy trading "Friday" to all... Don't get fried!Ignored
Disliked{quote} Me too... once/if 0.9755 breaks watch the fun... Seatbelts on!Ignored
Disliked{quote} Me too... once/if 0.9755 breaks watch the fun... Seatbelts on!Ignored