As expected dropped down played perfectly off the H4 order block, will re-assess after market close.
RrrussT1
⋅
THIS *is* strong support.. well, it WAS Strong Support! I've been watching this pair CLOSELY for 12 hours. I've 3 accounts and until just now, an "Interested Party" been keeping it between 1.1712 & 1.1696.. mostly not letting it below 1.1700. So just now @ 5GMT they let it fall to 1.1685 ~ & keeping it there now. I'm thinking this *IS* "Accumulation."
I'm thinking it COULD be ECB, BOJ, SNB .. ? I expect they'll accumulate many shorts here, and WHAM!! @ the 1)European open, or, 2) Spike all these shorts PRE-NFP.
So I'm gonna be FLAT by 7:00 GMT. Be careful.. I keep moving my TP lower each time they let-it-drop. :)
RrrussT1
⋅
Valeria, chief analyst@FXStreet explained that the pair has broken below a major long term Fibonacci level, the 23.6% retrace of its March/September rally around 1.1735. ~~
S1~1.1696 (Daily-Low 11-3)
S2 1.662 (Daily-Low 8-17)
S3-1.1650 (DL) 7-27
S4-1.1613 (Daily-Low 7-27)
S5~ 1.1510 (the 38.2% retrace of the mentioned monthly advance (MAYBE tonite?)
RrrussT1
⋅
Good Evening.. There's an "Interested Party" whose *USING* the first "Support Zone."
Really.. You're not kidding! THIS *is* strong support.. well, it WAS Strong Support! I've been watching this pair CLOSELY for 12 hours. I've 3 accounts and until just now, an "Interested Party" been keeping it between 1.1712 & 1.1696.. mostly not letting it below 1.1700. So just now @ 5GMT they let it fall to 1.1685 ~ & keeping it there now. I'm thinking this *IS* "Accumulation."
I'm thinking it COULD be ECB, BOJ, SNB .. ? I expect they'll accumulate many shorts here, and WHAM!! @ the 1)European open, or, 2) Spike all these shorts PRE-NFP.
So I'm gonna be FLAT by 7:00 GMT. Be careful.. I keep moving my TP lower each time they let-it-drop. :)
Here's some levels in next post ...