Triantus Shango
Sergeant Major
- Messages
- 1,371
i wish i could confirm... but your guess is as good as mine.
all i can surmise is that fundamentals keep the lid on e/u. also, AUD is about to experience some major sell-off if everything i read about china's hard landing is true, which then should help (as it has been doing today) the e/a. that might help create euro long flows lifting the rest e/u, e/j, etc....
yeah, e/a is quite perky today.
all i know for sure is that there is a crab buy on e/j H4--interestingly, there was a butterfly buy before the crab that preceded the move up after the euro summit of last week, and both are contained within a larger gartley 222 buy on the daily chart--and usually e/u and e/j move in tandem (not always, but they do more often than not) so if e/j takes off, and e/a has already moved up 80+ pips on the day, i'm willing to bet that that will buoy the e/u as well... how far up no idea.
my bet is on the e/u and e/j retrace.
all i can surmise is that fundamentals keep the lid on e/u. also, AUD is about to experience some major sell-off if everything i read about china's hard landing is true, which then should help (as it has been doing today) the e/a. that might help create euro long flows lifting the rest e/u, e/j, etc....
yeah, e/a is quite perky today.
all i know for sure is that there is a crab buy on e/j H4--interestingly, there was a butterfly buy before the crab that preceded the move up after the euro summit of last week, and both are contained within a larger gartley 222 buy on the daily chart--and usually e/u and e/j move in tandem (not always, but they do more often than not) so if e/j takes off, and e/a has already moved up 80+ pips on the day, i'm willing to bet that that will buoy the e/u as well... how far up no idea.
my bet is on the e/u and e/j retrace.
When I look at price action this morning it is in range just below 1.2300 I get this feeling it's straight going down instead of retracement to possible area of 1.242 - 1.245 Could anyone confirm this, please?
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