Yesterday I went long at 1.0890 and today I am 30 pips in the hole. However, I have not given up my intentions because the count still makes sense. I should point out that the RSI has now changed to …
Yesterday prices were at 5749 when I wrote my update. Today, they are at 5741, so my expectations and suggestions to stay on the side are the same.
The fabulous recovery does not in any way invalidate the potential Triangle I have been suggesting. However, you’ll notice that I’m still keeping the original count on my chart. And while I don’t trust it, at this point I would …
Yesterday we were expecting the 1.28 support to prevent prices from moving lower, and so far that has been the case. Current price action appears to be forming a triangle that should send prices above 1.2873
After what appeared to be an impulsive recovery from the low at 1.0825, prices retraced in a clearly corrective fashion leaving yesterday’s top at 1.0866 vulnerable. As a very minimum, my expectations will be to see prices moving above that …