The bounce in early May from and near the 3 mark looks as if it has run its course, with a pullback from 3.065-3.070 down to 3.035-3.040 likely to occur by May 7th, if not in the early part of the coming week. I went short at 3.067 and view the odds of the trade working out, even with the possibility of some early (fake) strength in Asia on Monday as 70/30.
Comments
MikeJudge
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It may run further, but probably after a wee bounce first. I closed this one already. Right now fancy SP500 for a move from 1869 back to 1876. 6pm time here in Thailand.
jago25_98
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2.4, H&S pattern
jago25_98
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I missed this one. I think it will run a lot further.