Base on cot-future.com (COT Data) on last week Big Dog are Short.
So with this spike today, i really dont know what to think for today...
I was looking to short the cable this week , so maybe next week we will see a reversal or retracement.
But we are in a really tight uptrend and strong resistence at ~1.3126 from april 2005.
I think we are in a period of consolidation for today.
But if it breach 1.3126 will go to ~1.3200...
So with this spike today, i really dont know what to think for today...
I was looking to short the cable this week , so maybe next week we will see a reversal or retracement.
But we are in a really tight uptrend and strong resistence at ~1.3126 from april 2005.
I think we are in a period of consolidation for today.
But if it breach 1.3126 will go to ~1.3200...
Quoting DellDislikedI agree that the trend has turned bullish for the lng term.But i still want to know does anyone see a god chance to make pips on retracement today? NY didn't start yet.Ignored
Sorry for my bad english translation