240m of the 2009-nov decline, indicating a short term bottom. This trade is very obvious, short EUR since ECB will be loose forever, and long GBP since they apparently will be raising rates before the end of the year.
As with everything that's obvious and apparent to most agents in the market, it's usually mostly embedded into the price. Spikey markets like EURGBP...
Semi-important close today, 9b in the cards this friday . Last week it took out most of the late longs or breakout traders. Looking for it to gain momentum above 1.09, that'll send it it above the 1.10 highs.
First steps working on a TD sequential. Note: without conditiions for 13s yet. But i added some conditions for prop. ideas like "trend stall" into the script. And will try to work out more functions, to find timed turning points, for the data provided by tradingview and their time selection (sunday data etc..)
Rates looks like it's converging towards the middle based on the actions of the FED, FW guidance, reduction of LSAPS etc. At the same time, an argument could be made that the incoming data might not be that hot.