Good morning folks.
Bang, Bang, Bang … I was shot dead like a rabbit on my yesterday LONG.
Though I still think the overall risk-reward ratio was worth to try.
What's on radar today?
I am sure the correction is around the corner.
The problem is only WHEN and WHERE, as fundamentals and short term technical signals do not go along together. Not at all.
Technically, some timeframes showing bullish divergence, many oscillators on “oversold” areas.
On the other hand we are not sit on any important Fibo or support level.
Fundamentally, a threat of Greek tragedy still hovers above the Eurozone.
I think strong bears will try to bring the price even lower below 1.2900, as we have very important and strong 1.2865 level there.
This is a cluster of weekly support and few Fibonacci lines, which could be a good foundation to high jump.
On the other side, 1.2970 still holds well and some impatient bulls will try to break it during the day.
Hmm. I don’t know which way should I go today…
So guys, watch closely those levels and trade smart.
Bang, Bang, Bang … I was shot dead like a rabbit on my yesterday LONG.
Though I still think the overall risk-reward ratio was worth to try.
What's on radar today?
I am sure the correction is around the corner.
The problem is only WHEN and WHERE, as fundamentals and short term technical signals do not go along together. Not at all.
Technically, some timeframes showing bullish divergence, many oscillators on “oversold” areas.
On the other hand we are not sit on any important Fibo or support level.
Fundamentally, a threat of Greek tragedy still hovers above the Eurozone.
I think strong bears will try to bring the price even lower below 1.2900, as we have very important and strong 1.2865 level there.
This is a cluster of weekly support and few Fibonacci lines, which could be a good foundation to high jump.
On the other side, 1.2970 still holds well and some impatient bulls will try to break it during the day.
Hmm. I don’t know which way should I go today…
So guys, watch closely those levels and trade smart.
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