I mention 1.07 for good reason. Those can yield many pips. In this case 1.0835 needs to be taken too. 1.0787 is too small to trust alone. pa is above 1.0694/1.07 and 1.0787. But it has not cleared with a large close above 1.0835. 1.070 has a week close above it. Since it reached 1.0805. Its having the bullish momentum look. I said many times I cant argue with anyone longing. But it is unlikely to run higher without large closes above 1.0835. It will likely run lower, if a large close below 1.07/0694. Since pa has been above 1.0835, Just being below 1.07/1.0694 may be bearish. Confirmation would be a large close below 1.0964/1.07.. The debt ceiling worry favors the bulls now.
The completed structure at 1.0805/slip. Has the potential to drop it to 1.0093. A smaller structure at 1.0710/slip backed by 1.0694/1.07 has the potential to bounce it. Along with the debt ceiling it may produce 1.1189/slip +.
The problem with not making it that deep is 1.0887. A smaller support, but its a tough one.
Note what happens potentially. When the yellow are broken and closed sides. Like I said, in this case 1.0835 is needed closed. The 1.0805 completion usually requires a retrace/ or a trend change. I dont trust this bull yet. Its a good place to screw the many people..
I may be wrong.. But 1.0710/slip is not asking for too much. Seeing a test of that area is not too much. It may be a better long. If it can hold. At least until 1.0835 can start to be closed above. Today is Friday. This is the could be the largest close above 1.0835 this year, or not.
The completed structure at 1.0805/slip. Has the potential to drop it to 1.0093. A smaller structure at 1.0710/slip backed by 1.0694/1.07 has the potential to bounce it. Along with the debt ceiling it may produce 1.1189/slip +.
The problem with not making it that deep is 1.0887. A smaller support, but its a tough one.
Note what happens potentially. When the yellow are broken and closed sides. Like I said, in this case 1.0835 is needed closed. The 1.0805 completion usually requires a retrace/ or a trend change. I dont trust this bull yet. Its a good place to screw the many people..
I may be wrong.. But 1.0710/slip is not asking for too much. Seeing a test of that area is not too much. It may be a better long. If it can hold. At least until 1.0835 can start to be closed above. Today is Friday. This is the could be the largest close above 1.0835 this year, or not.
those who can, do. those who cant, talk about those who can
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