Short update:
Now as scenario a) did not take place as assumed earlier the day already, we are now up to see wether we will get a bounce off the retracement level 247 back to new lows. This process might take a couple of hours.
If the present levels are passed to the upside, scenario c) comes into play with higher highs to be expected. Surprise surprise ...
Yesterday afternoon we have seen the bounce off the 247 level as assumed in scenario b).
Nevertheless it happened quicker than I expected and therefore I was not able to sell short from there. I have put a stop and reverse under the days low which was triggered over night and gained me some nice pips.
Presently ranging at the support area of 244,47 where I am building up again some long positions. I will increase longs once we hit the 245,72. If we fall back again under the previous low at 244 I will again stop and reverse.
rgds
t.
always expect the unexpected!
:
) as seen as recently as early this month. So it might well bounce of daily trendline at fibs @ 241.50 later this week and then continue its uptrend
