From a technical view we see head and shoulders completing and breaking down below a key 2016 support level. Key support levels at targets 1, 2, and 3 based on Fibonacci extension and retracement commonality zones.
While bulish channel has broken,
Bar pattern suggest bulish scinario
Inside day has broken to the up side
If this pattern is proven valid, we may see marginal new high in july
strategy : buy first 61.8%-retracement after a meaningful rebound
COVERED...we are covering our small position on the second day run. We didn't not get the pullback we wanted. We will wait for a pullback or consolidation to re-enter for another leg up. IF YOU MISSED THIS TRADE...DO NOT CHASE IT!
The Euro blew through our watch area without triggering but rebounded late during the Friday session. We wanted to be long by now but we are not. There is a lot monetary news events out of Europe this week so we will be cautious of our positions. For now, we want to look for a trigger long (which may happen ...