DislikedWhat trade are you taking based on this...or are you just watching? I am wondering if it will retrace up first and retest the highs (or just a 50% retrace of this last downmove at about .885)...and then continue down?
Also, I am wondering if we will get any of the end of month buying we see sometimes.Ignored
DislikedI hate to make trade calls, because even if they are good we can be sure that some less experienced traders will make a Moloch of it. I know I used to, so say I'm just watching. I am short from .8845 and I have set more shorts with tight stop loss at this level - .8725. This consolidation (the grey box) will form strong resistance in my opinion. There's also a fib confluence here (to the pip - I had to move one slightly to make it clear).