The bulls missed the beat :-) The didn`t use the H&S pattern ...now the pattern is history... we saw a fast dip down to 1.3078. This Level was bought directly, a countermove up to the Minimum correction Level, the 38,2 fibo started. Here the Price dropped again. This is not really a bullish Szenario. Should the pair not trade above the fibos 1.31589/ 1.31835/ 1.32082 ´the shortterm Chart seems to be in a bearish mood. Especially Prices below 1.306 are strong bearish
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Kissed exactly the 38,2 - sold again....let´s see
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I need some COMMENTS!!!!!
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last but not least: here is the exspected trendbreak
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Rocketman
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:) :P
captain_smollett
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Looks valid. We´ve been trading below 1.32 for three weeks, this is the 4th week. Next important support is 1.30300 and then 1.269. It may go to 1.269 there before the FED...
captain_smollett
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Weeeeeee!
Rocketman
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1.3190 looks like a better area to short. It is too close to support for me here. Stop at 1.3320 and targeting 1.2800.
lanpham
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i think Gu will move slowly to the 1.296 area for swing trade, for intraday it will be ranging today till the next gu news or usd news
PA-FX
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Me a super amatör think this :)
Mokonomo
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Looks fabulous for a Monday :)
Rocketman
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No
The_Cannalyst
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no what ?
Rocketman
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1.3190 looks like a better area to short. It is too close to support for me here. Stop at 1.3320 and targeting 1.2800.