squidge42
Corporal
- Messages
- 140
i was gonna say 'this is the 'oops!' moment'. however, for long term traders, steady as she goes as these are good levels to enter long notwithstanding all the broken technical levels. on a longer TF this was but a correction. TP = 3370 remains the objective IMHO.
price has found SPPT at midBB (17 periods) on weekly. g/u will bounce off 38.2 = 6146/50 if no bounce from present level of 6170. u/chf is at 61.8 and will drop to 9110/13 (38.2%). i know what it looks like on e/u daily but bear in mind price is still inside the wedge and although it looks like we'll have a retest of 3000, this is not a logical market. instead, we'll have further USD weakness which will act as a catalyst for the bounce up, at least between now and the end of the week.
my credibility is on the line.
I'm looking for a G/U bounce around here...concurrence is always good
would a DRPO on 15m euro be valid at moment..do we have the right thrust etc?
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