I guess i am off this forum till next week...
still selling all rallies
this week we have Bernanke vote , fomc and host of other news.
IF 1.4500 gets taken out then I may change my long term view of eu BUT looking at weekly we closed closed in the lower 25% of the candle and price just opened at 1.4135 , just at the same place as the close of last week
anyway not really sure why so many are trying to pick a bottom when weekly bar is clearly very bearish , 60 min is bear flag
lets assume that 50 % of last week bar is 1.4250 then and price gets above that this week sometime , then and only then may we be seeing some form of reversal other than that for me it is sell all rallies , target 1.3500
good luck out there
when usd crashes we will know about it in advance ... it will be shown clearly in the charts. So let some get massive draw downs and preach like some mad man . Others trade safe out there ... follow your charts EU has been in a down trend since start of nov ....
1.4000 gives way we see 1.3500 , last week was 400 pip candle , this week could be 500 pip
still selling all rallies
this week we have Bernanke vote , fomc and host of other news.
IF 1.4500 gets taken out then I may change my long term view of eu BUT looking at weekly we closed closed in the lower 25% of the candle and price just opened at 1.4135 , just at the same place as the close of last week
anyway not really sure why so many are trying to pick a bottom when weekly bar is clearly very bearish , 60 min is bear flag
lets assume that 50 % of last week bar is 1.4250 then and price gets above that this week sometime , then and only then may we be seeing some form of reversal other than that for me it is sell all rallies , target 1.3500
good luck out there
when usd crashes we will know about it in advance ... it will be shown clearly in the charts. So let some get massive draw downs and preach like some mad man . Others trade safe out there ... follow your charts EU has been in a down trend since start of nov ....
1.4000 gives way we see 1.3500 , last week was 400 pip candle , this week could be 500 pip
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