Good Morning Fo. and Fu., yes I am lazy to type it all
Once again good mid term trade at the beginning of the day for almost all pairs.
As I speak EU is taking a small dive, think there is a lot of resistance coming up, 2512 2500 2490 ...
Good Morning Fo. and Fu., yes I am lazy to type it all
Once again good mid term trade at the beginning of the day for almost all pairs.
As I speak EU is taking a small dive, think there is a lot of resistance coming up, 2512 2500 2490 ...
Dollar index had turned from its high, would be interesting to see what will happens @ 8757 (if)
GU
9 10 am
Dropped now to 5637 - with more supports at 25 and 30
We really need a bounce over 67 and 70 to think a turn will be on - but thats over 30 pip up - so any scalp buys might only be 5 -15 pip moves
EJ
From 145 45 to 60 is all R area - so hope to be able to find a nice scalp sell
This present one under 43 maybe might bounce - and I have missed it - but hope we might get one from say 55 area again
We maybe cannot just be so sure with the EU - as it being manipulated so much
Under 2515 should be another sell - but - nothing is certain on this pair - 2500 area and 2490 and 2485 all support areas - and I do expect tries back up - as this drop is just to get more bears in this morning - before the market looks at frying them again - as some level
9 02 am
Looks as though it was across the board - ie US dollar strength - exactly on hour change
Spikes or moves like this happen 90% of the time exactly on the hour or on the half hour
Hope you have either been still in a sell on one or more pairs - ie EU / GU / AU / EJ - or even a buy on UCad / UChf
EU at 9 22 am now
Dropped to 2482 atm
I still will be looking for scalp buys above 2462-65 area - or even from 2475+
I would only think the move will continue under 2450 and 2430 - as I just see that as false sentiment to catch out new bears
The market as taken their stops out above 2565 -75 now - and will now want to take out all the new bulls from Fridays stops out
That's how it works - forget Fundamentals - they are just the excuse lol
not me..., I should have covered only 70% on my GU short......
Anyway.. that was the only mistake.I will not emotions get over me, I am playing cautious, not I will be looking @ 2502