Forming support and making sellers feel good about themselves, before going North? OANDA:EURUSD
Price could fly north Monday as far as I know, but I would enjoy a nice retrace to the 1.1050's. The only concern I have is that the majority of retail might be eyeing the same action. This would mean that price could plunge through 1.1050, wrecking retail longs, or it never gets there, for the same reason.
I've held this chart close to the vest since Jan/Feb.. I've been buying since 12/2015.
Based on Sentiment, 80% bear crowd will complete at 1.08.
A Trump victory would help support my bias toward A major market correction, caused by the fed raising rates far beyond the 50bp increments that has been talked up in the past. I do believe A major correction is due. but the owners need a Scapegoat. A Clinton victory, in my opinion, is already priced into the global marketplace. Either way, on November 8th, I...
I snapshot a pic in October 2015 calling the bottom. Now I'm just publishing my target.
I went ahead and exited my position and got short here.
With support tested, re-tested and finally impaled- My opinion is that price returns to demand level.
Accidentally posted this as private a couple of hours ago.. A good BUY zone around mid 330's
This Cipher pattern coincides nicely with the imbalance at the 450's; setting up a selling opportunity from there.