morning peeps good to see some constructive trading conversation going
So as discussed yesterday (chart in attached post)
http://www.forexfactory.com/showthre...98#post5289198
the correction has deepened to the 50% 1.287x level and could yet go to 61.8% level 1.291x.
Which despite some post I saw a couple of hours back saying the dailiy trend is bullish would still be in the bounds on a correction move and the daily charts are definately still bearish.....
that said there is always the possibility that this move could continue and become a possible reversal but it would need to take out the recent daily high at 1.307x to confirm.
So as discussed yesterday (chart in attached post)
http://www.forexfactory.com/showthre...98#post5289198
the correction has deepened to the 50% 1.287x level and could yet go to 61.8% level 1.291x.
Which despite some post I saw a couple of hours back saying the dailiy trend is bullish would still be in the bounds on a correction move and the daily charts are definately still bearish.....
that said there is always the possibility that this move could continue and become a possible reversal but it would need to take out the recent daily high at 1.307x to confirm.