price has returned to montly channel (yelow)(this mean false break on montly TF)
my indicators say change of medterm trend(huge negative momentum and euro sell-off)
Euro macro data very bad these days (tomorrow euro CPI and GDP)
Below 161 suppose 155 at least in coming days(weeks)
Will go short at 164.400 Let this trade come to you :-) ... It will spike up during the start of the asian session as commodities still rallying ... I think this could be a 1000 pip trade by end of next week.
Will go short at 164.400 Let this trade come to you :-) ... It will spike up during the start of the asian session as commodities still rallying ... I think this could be a 1000 pip trade by end of next week.
No its a just a retrace a little profit taking / stop hunting... breaking 1.62 level significant support I think we are heading lower to the low 50's by the end of the month.
only a clean break of 165.20 will signal a reverse back to the highs.
where is the next stop do you know ?
Thank you
