Read these news here, here and here.
Of which, the most potent piece of message is this .
I am watching this level , 1.173 . If it falls through, then I will initiate a short position. You can see it would be a quality trade with RRR of 2.65 with a profit target at 1.16 (initial). I will then monitor this position to see if it falls further over time.
Again, I will not short prematurely as this rebound going on currently can last for a while more......
Also, the trigger point will be at 1.173 and below with a bearish signal and not any earlier , ie breaking down of the bullish trend DOES NOT EQUATE to a short ! Don't forget it can also hover around the horizontal line at 1.173 for a while before it decides to go up or down.
Of which, the most potent piece of message is this .
I am watching this level , 1.173 . If it falls through, then I will initiate a short position. You can see it would be a quality trade with RRR of 2.65 with a profit target at 1.16 (initial). I will then monitor this position to see if it falls further over time.
Again, I will not short prematurely as this rebound going on currently can last for a while more......
Also, the trigger point will be at 1.173 and below with a bearish signal and not any earlier , ie breaking down of the bullish trend DOES NOT EQUATE to a short ! Don't forget it can also hover around the horizontal line at 1.173 for a while before it decides to go up or down.
Comment:
looks like the rebound is strong so no shorting for now.
