Hey guys,
Yesterday was really erratic, hope everybody did OK. Market managed to retrace downwards wasn't much but however it is 155pips from the top of 1.3440 still quite a decent retracement; able to get out of daily overbought. I have a feeling it will continue rise upwards. But I wish for it continue downwards.
Signals are very blur today. I was surprised daily closes as dark cloud over as I went to sleep during the 3rd green candle last night after it went through 1.3350, I thought it would hover around and close above 1.3330 which would make things easier today.
Fib retracement 0.5 and 0.618 coincides with previous high. I have no confident of any directional movement for today so most likely staying out. however I think we can look for 4hr abc and d at around 1.3240. Maybe can scalp trade if this is hit.
I wish to hear from our guru "Sive" later on in the day.
Yesterday was really erratic, hope everybody did OK. Market managed to retrace downwards wasn't much but however it is 155pips from the top of 1.3440 still quite a decent retracement; able to get out of daily overbought. I have a feeling it will continue rise upwards. But I wish for it continue downwards.
Signals are very blur today. I was surprised daily closes as dark cloud over as I went to sleep during the 3rd green candle last night after it went through 1.3350, I thought it would hover around and close above 1.3330 which would make things easier today.
Fib retracement 0.5 and 0.618 coincides with previous high. I have no confident of any directional movement for today so most likely staying out. however I think we can look for 4hr abc and d at around 1.3240. Maybe can scalp trade if this is hit.
I wish to hear from our guru "Sive" later on in the day.