Sive Morten
Special Consultant to the FPA
- Messages
- 18,564
Yes, you're right about weekly Confluence. There are weekly OS and Agreement with OP=1025 by the way. Very strong support really. If it will reach it in December - then we can get a monthly RRT also.
This scenario is very probable. Market will be very thin during the holidays. For now I have a sell sleeping order at 1 150.
For now it is difficuilt to say something definite. But the pullback will be sooner rather than later. Possibly it will start from 1025 -1040 Confluence support. In this case it will be really fantastic picture. The minimum pullback, I think, will be 0.382 - this is in a row with potential monthly RRT pattern.
I think that the best behaviour for now - just wait and not to be hasty, especcially due to thin market.
Sive.
This scenario is very probable. Market will be very thin during the holidays. For now I have a sell sleeping order at 1 150.
For now it is difficuilt to say something definite. But the pullback will be sooner rather than later. Possibly it will start from 1025 -1040 Confluence support. In this case it will be really fantastic picture. The minimum pullback, I think, will be 0.382 - this is in a row with potential monthly RRT pattern.
I think that the best behaviour for now - just wait and not to be hasty, especcially due to thin market.
Sive.