This is just a quick mark up, I'll take a closer look over the weekend, but it looks like eu has some downside potential. I think it may hit 1.1480s .. for today im thinking some upside to 1670ish, then a big down move for the u.s session. Im thinking 1.1580ish would be an extreme low possibility. But iat least 1.1600.. just an idea. Not trading advice. But again I'll take a more in depth look over the weekend and see what i come up with and hopefully i can come up with potential roadmap ... happy trading:)
1.1480 before the market close, during the weekend? Or when ?
Entrenched
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@Hermanfigueroa, no, not this week, if anything i would expect that price point to hit either, next week or the week after, for today, i was thinking, some upside for the London session, up near 1.1660ish. Then later in the day for the u.s session i was thinking eu drops near 1.1600 and even as far down as 1.1580 on the back of a strong pce print... going into next week i think we move back up towards the mid 1.16s before the big fall to 1.1480. I got 1.1480 by usin the a=c method. So its a measured move but that price point was where the big rally started kind of. So we might be in a breakline retest scenerio, then if that were to hold , i would think its a great opportunity for a longer term eu long swing up towards mid 1.20s.. but thats far ahead still lol