14:13 // As I wrote on Friday Aug 23 afternoon if Pn on that day does not close below 1.0564 we will see further side movements the next days. Exactly that is happening. Since Pn inclined to 1.11535 it generated an imbalance point with the energy center at 1.11776. Now that it finally returned to the point of discharge it generated an angle not to decline further in a projectable way. However, Pn is now vibrating in antiphase wich means that high volatility can be paired with confused directions. In my opinion a trader should focus on a rather LONG tendency first (STOP 1.10388) with a goal around the 1.11776 followed by a (maybe very strong) SHORT. I am not able to offer serious likelyhoods if the long comes first. I calculated the desaster bottom of the decline around 1.07756 - there is still a strong inharmonic vola ratio. Look at my anlysis on 2018 June 13/14 - it was only a small vola imbalance from May 30 that led to a drop of -300 pips in a view hours. The actual setup is not that intense but it is there.
Comment:
UTC 16:44 // Long at 1.10542, stop 1.10532
Comment:
typo correction: stop 1.10352