Looking at the well-shaped bottom on pound-dollar (Ata, please this is for comparison) I see that pair hitting 1.2700. That also sees EU hitting around 1.09 or even slightly above it. I think price is now setting up for September.
The bull is strong but can he push above todays high and 200 hourly ma? If then 1.0880/90 is the next level we should see the price. For any reason EU may not make it above and faill below the weekly pivot where the bears can take over again but I think it will stay above the lows of 1.0765/80 until some news again hit the market and then decide. {image}
, it would take out my only remaining TP of the week, a nice cherry on top:... that 15m double bottom is working perfectly up to now. Only the break of the middle can unleash it's reversal potential though ! >Friday's high, 30 pips away. Tough cookie indeed for this sustained downtrend. Buy stop 0822 TP45!
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{quote} It's attacking the 200, but I reckon that staying above at daily close will be quite the struggle if any bears show up again, and they probably will. With this volatility, and already above the last 2 daily highs, I would not be surprised if it went straight through the 1H200 and onto the 3rd day's high, which was actually higher than the 4th day from today. If that happens, not only will we have taken out 4 days in 1, but, on the way to the far away galaxy
{quote} Did someone say boogie?
{quote} It's attacking the 200, but I reckon that staying above at daily close will be quite the struggle if any bears show up again, and they probably will. With this volatility, and already above the last 2 daily highs, I would not be surprised if it went straight through the 1H200 and onto the 3rd day's high, which was actually higher than the 4th day from today, and attack perhaps even the 1H 450ema, at long last. If that happens, not only will we have taken out 4 days in 1, but, on the way to the far away galaxy
Boring but that's all, enjoy your dancing moves 
{image}My plan for this week as of now.
...When dust will settle price could just as well get back in the lows... Choppy business it has been for very long ! Better wait for <low of new 30m bear at least, seeing the size of it... Well done everyone for following your plan, for a successful long haul ! {image}
Bought here 0849 SL3 !
...15m double bottom is working perfectly up to now. Only the break of the middle can unleash it's reversal potential though ! >Friday's high, 30 pips away. Tough cookie indeed for this sustained downtrend. Buy stop 0822 TP45!
!
