long from 1.6440 ? any one ?
DislikedThere is going to be large resistance against the 38.2 .. I see it maybe as high as 6470 but given the past few weeks she will probably surpass that level very easy.
USDCAD had a nice bounce off the 1.08 level. It's too bad it occurred while I was sleeping@! Will check the daily close on that one to determine if I take a position now, same with G/U.Ignored
DislikedCould break on the next test if there is one but anyone in their right fibonacci minds should expect a pullback from the 38.2 level. Await candle confirmation and we're off on some retracement.Ignored
DislikedHi Jack, I think we are in the minority in thinking that there will be a retracement. I've been shorting at tops all morning and keep getting stopped out at BE or small profits. It's now trying to push through 1.6480.
Technicals are telling me a reversal is due but the trend is not.......Perhaps we haven't hit top as yet. So in the meantime, I'll keep my risk very very lowIgnored
DislikedI havent been firing off shorts yet. But a longer term 38.2 should be respected so who knows maybe this week we could see a retracement? I stated the 6470 level since it is todays daily M5 pivot point and this week's weekly R2 pivot, plus the 38.2 level and an old gap that I wrote about in a previous post .. this gap is on metatrader weekly chart on october 21, 2003 .. along time ago but it lined up nicely with the 38.2
Trend is strong up and there is no confirmation of the downturn .. We will need a 1-2-3 pattern and then see the number 2 point...Ignored
DislikedYou gotta be right soon dude. I really want to see you nail this damm short!!Ignored