Opened the week at 1.42, sold as low as 1.38 at night, now we are back at 1.40. You don't have to be a rocket scientist to figure out that it has retraced 50% of its move at this point. Combine that with some resistance just above 1.40, and further combine that with some high wick low body candles indicating selling in this area, and you have a compelling case to sell.
I sold 1.40 with a 1.41 stop.
My conservative target is 1.3775
My conservative target is 1.3775
Aggressive target is 1.3625
Puked at 1.4040 when I woke up.
ReplyDeleteI think risk assets (euro snp etc) are setting up buys for the next few days. I will post on that in a bit
guys, please could do a piece of NZD/USD, GBP/NZD and USD/CHF if possible?
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