Re: Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
eurusd...looking like a false breakout.more than a 50 % retrace from the top..downtrendline is in position..we watch the possible retest of 1.3400 area breakout point.if we retest and we get a bad bounce,then shorts come in for a kill.the downtrendline is in position so the bounce can be assessed.weakness is there due to the high pole retrace..4box retrace on a 6 box breakout.76 pips by 1 reversal..daily close
Re: Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
FTSE 100 - IHS on the daily = low probability bullish pattern prior to breaking resistance @ 6100!! Especially with oil in the doldrums ......Still not convinced of FTSE strength with a weak AUS/USD