Under every other "normal" circumstances this whole picture would be regarded as SELL: a) great 5-waves rally b) losing momentum, negative divergence on the RSI c) 12% away from 200d SMA, so even only slightly revert to mean could be adoptable d) after negative divergence on the MACD, the trigger line has been crossed to the downside e) just because Abe-san "wants" inflation, doesn't mean it's coming overnight. f) right now we are a bit on a "risk-off" attitude with EUR weakening, global stocks are off their highs, Gold advancing everything ever so slightly...so in this respect JPY and CHF used to be sought after.
why not now ? why not retracing a little towards 89-91 area before the major reversal uptrend to 120 resumes...
Comments
blackshark
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The market is still bullish
oops
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I shorted 94.70 2 weeks ago and it was a bearish engulfing on that day with other signals warning for a correction. Market went down 210 pips, but did not meet my minimum 38% retracement objective. Got stopped out on a trailing S/L. But I didn't go long
oops
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sorry, I have to delete a spam comment : from sdgwegwdsgfwe fashion advertisement ? WTF.. is there no spam filter here TRADINGVIEW guys ??
admin
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Sorry for the inconvenience. We'll handle this in new release.
oops
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good ! I nearly bought something from that guy :-) !!!