What was all that about?....up..down..up..down.. geez...
I kinda expected it but that was ridiculous...it's beginning to look like the pros are taking a vacation before summer kicks in.
We moved an average 100 pips every 4 hrs? fishey..just fishey...especially as the bulk of the move happens in one 1hr candle.
I'm watching all the support zone down to 151.50.... so technically i'm now putting in shorts (only in the short term)..it's just too much risk going long now
I still think we go higher from yesterday but not entirely sure when.... are we seeing signs of distribution?
I don't think Friday's session will give us the answer...i always see Fridays as one for profit taking, i have never really seen moves starting on Fridays...could be wrong..on this.
The 151.50 zone remains the sweet spot for me to consider loading up on longs but if we close below this...then that LTL on the daily might come into play.
Support zones i'm watching: 153.50, 152.50, 151.50 and below
By the way..are we forming a rounded bottom on the daily?
Happy Pippin
Remember you can use the links from my blog to check out ZuluTrade
It's free to register with ZuluTrade and subscribe
Select Big_Bruv as your forex signal provider.
View my Performance
No comments:
Post a Comment