This is a follow up for this idea: tradingview.com/v/xXPE72tJ/ We only got a recovery last time out, let's see if we get a reversal this time. Stops should be placed below .7770.
morning star on weekly but ... a shooting star on the daily. Could pullback another 100 pips to set ut and inverted head and shoulders
ForceFollower
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A deeper correction seems to be in the offing. Probably upwards to .88 area. That's where I will be looking to go short one last time.
traderWgun
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Yes, strong res in that area. A reversal of this magnitude isn't going to be straight foward.
ForceFollower
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I'm sorry, I made a typo. :-) Your comment about the 'magnitude' made me realize this. :-) What I meant was the '0.80' level. Actually, a range between 0.8000 and 0.8012.