been busy building shorts for a final push to 6980. if price reaches there will consider reversing the position.
let's see what asia has to offer.
let's see what asia has to offer.
As Above, So Below
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DislikedThat bearish cycle is playing out just a little. No where near any of my support just yet, we'll see if it persists. There is a bullish cyclical signal beginning to show on the bottom of the chart, but these typically need to develop a while before they become meaningful. Although the market doesn't care what I think - I'm still favoring some sell-off at least into Tash' targets, but it gets harder to call the deeper it goes into the channel... For digger that is officially neutral/neutral with a half twist of bearish bias. {image}Ignored
DislikedThat bearish cycle is playing out just a little. No where near any of my support just yet, we'll see if it persists. There is a bullish cyclical signal beginning to show on the bottom of the chart, but these typically need to develop a while before they become meaningful. Although the market doesn't care what I think - I'm still favoring some sell-off at least into Tash' targets, but it gets harder to call the deeper it goes into the channel... For digger that is officially neutral/neutral with a half twist of bearish bias. {image}Ignored
DislikedOkay so with anything Swiss-based, our biggest opportunity (risk) lies in intervention. The dollar has gained back all of it's strength since SNB but that's not what set it of, it was the pegging to the Euro. That has gained about half of it's strength back and you have to wonder if and when they'll intervene again, which again will affect everything. That could be the real play... The technical picture here, neither one of my macro signals is triggered yet, but I just check the reference and they are both close and they're not perfect. Most of...Ignored
DislikedAUDUSD - Contrarian Bias remains same as of now - After FOMC/RBNZ retrace and forming a bearish Daily Close, Takes out highs and prolly going for 7125 LVL first - Overall whole upside would be met with good amount of bears till 7170-7200 zone is taken out MN TF {image} Just a Food of thought for TECHNICAL Traders esp. for BEARS (on larger TF) Would you still short an instrument which just formed 6 years lows in this LONG Wick Monthly Candle (yet 4 days to go though) ThinkIgnored
DislikedAUDUSD - Contrarian Bias remains same as of now - After FOMC/RBNZ retrace and forming a bearish Daily Close, Takes out highs and prolly going for 7125 LVL first - Overall whole upside would be met with good amount of bears till 7170-7200 zone is taken out MN TF {image} Just a Food of thought for TECHNICAL Traders esp. for BEARS (on larger TF) Would you still short an instrument which just formed 6 years lows in this LONG Wick Monthly Candle (yet 4 days to go though) ThinkIgnored
Disliked{quote} Still long AUD +200 pips so far hopefully will be able to survive FOMC {image}Ignored
Disliked{quote} Wick on it's own doesn't worry me - easy to find examples of longer wick like Aug 2011 where next month was down. Combined with 6 year low makes your case more compelling but not unlike Oct 2008. Nov 2008 shows that following month low was 70 pip from Oct low so selling 250 pip from current month's low doesn't phase me in the slightest. If we fail to make new low next month then would be more wary but even then probably not concerned about going short this far from the low.Ignored