not really it's pure technical move check 1h chart , it's moving between upper and lower rising trend line , shoot up, then come down slowly
Fridays is traders who lost during the week.
es hit resistance 1400 and she is dropping now.
I know darn well a lot of traders short ES rally. Other say it doesn't make sense of this rally NY should do some fireworks today
ya looking the same on H4 too.. but the strange thing for me is that, there is no reason to rise cable like that from those down levels..
as we saw on BOE report, GB economys are bad right now and will take long time to cover and 56xx level is already a good high for cable.. so the technical move is the channel one, but this fast bounces are for me really unawaited..
was total +163 pips on cable today with shorting of 9 trades and now all out with +41 together only..
there's another one here at 91 that will probably decide..
Interesting
all move up was crazy , looks it's eying on 1.6x era again , it was bounced back very quickly after each bad news news
well for 1.60 level there are two very hard levels need to crack
1.5715 and 1.5770..
5770 is the major one, once its cracked, it can easily shoot to 59 and 60xx
and this will be the mess to trade that
i want to see that pair on 52xx in end of this year..
but everything is possible in this bloody FX game
this morning i have decided no more long term trade unless 90% booked
market is very crazy
