Sive Morten
Special Consultant to the FPA
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- 18,732
Good morning,
Yesterday market has tried to show some signs of strength, but failed. It hasn't reached weekly pivot and even 61.8% expansion from ABC swing
Now I have a bearish bias at the market, and think that we can enter short from 1.2860-1.2870 area with stops above 1.2940. Because I suspect that daily down move should continue and target of this move - 1.2450. The risk/reward ratio is very attractive.
Watch video for details
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
Yesterday market has tried to show some signs of strength, but failed. It hasn't reached weekly pivot and even 61.8% expansion from ABC swing
Now I have a bearish bias at the market, and think that we can enter short from 1.2860-1.2870 area with stops above 1.2940. Because I suspect that daily down move should continue and target of this move - 1.2450. The risk/reward ratio is very attractive.
Watch video for details
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
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