With that last move up, everything is pretty much out of balance now so it should go into a consolidation period. Many times this period will move price in the opposite direction from where it peaked, but not always a lot. Because of this consolidation it will relieve some of the over bought pressure. Also becuse it's out of balance this is more than likely the extent of any corrective move up for the time being.
Over bought yet ? Or Fx is right?
I think he's right.
I think the squeeze has just begun.
On the 1 hr there isn't much to slow it down until 1.29 area
4 hr is bullish... classic bullish divergence, price above Ichimoku cloud, THV3 trend bullish, green Heiken Ashi
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oh now it moves up
huh... anyways u guys seen my cycle charts all pointing up.
i just didnt rape the buy button as much. and got trailing stopped.
Right, with this move new possibilities are open now ... 1.29 is pretty clear area to reach since 1.28 level just been violated .... will just wait for few candles to confirm this...thx
Fx ---> me ?
I am short at 1.28124
I plan on holding it as it is a very small lot size just in case we see 1.29. If we get there (around 1.2910/20 area), I will bring out the hammer.
... PT is here ... so no fear ... Hope she decide to sleep soon before you bring the hammer Right, with this move new possibilities are open now ... 1.29 is pretty clear area to reach since 1.28 level just been violated .... will just wait for few candles to confirm this...thx
Look at EUR/USD now ? 1.2792 !!!
Do you know why ? I think I do...
It is VERY HARMFUL to make assumptions BASED only on the Charts.
I am only short EUR/USD LOOK AT THE FACTS NOT THE CHARTS...
Dow is down 61 now...
Please excuse my directness as I want to share my knowledge and experience. Even if we go to 1.2900 I still am correct in my views. Where will the Buying come from. Europe is gone at NOON...
The 5 Minute Chart is down... The 15 Minute Chart is coming back to the Moving Average. Please ask me any questions or disagree if you...
Something is going on
i wanted to add at 2840 but i am a big chicken. still holding from 3188/2950
you might get another chance. Price has a high probability of testing (and failing to close above) 1.29
I only took the short in case it didn't make it that far up. Regardless from here or 1.29, this sucker is going down. There is nowhere else for it to go at the moment. The fundies rule.
Fx ~ FxMindset
