First support reached on our daily chart, if there is any follow through then we need to watch 1326 and 1305. A much needed correction seems to be taking place.
Wednesday, September 6, 2017
14 comments:
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That was nasty
ReplyDeleteBut expected, that´s the beauty of it.
DeleteThis comment has been removed by the author.
DeleteBetter buy now, in my opinion
ReplyDeleteIs it short or long?
ReplyDeleteNot clear yet.
DeleteNot really, tomorrow is the ECB meeting and I would expect a further correction.
ReplyDeleteThat means you also expect EUR to go down against USD?
DeleteExaclty, one leg more down before the next rally.
DeleteI will be here waiting for a good entry point.
DeleteBecause the first support reached,can i order sell for now and stop lose 5 point up at asia market?. Or wait and see until The ECB meeting sir for the clear correction?
ReplyDeleteOps sorry, i mean buy
DeleteThere is a risk on that, the support has not been broken yet so the trading range now is 1332 - 1337, so that the market can still correct to 1336/7 before trying to break the support so 5 pips allows for Stop Hunting, which brokers are very good at, to close your short position.
DeleteBut i'm still waiting for good entry level here...
ReplyDelete