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FibbinArchie replied Oct 27, 2010It could of course be consolidating before doing a major tank...
EURUSD
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FibbinArchie replied Oct 27, 2010Guilty until proven innocent and if it fails to probe any lower that is highly suspect...
EURUSD
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FibbinArchie replied Oct 27, 2010I think it will correct & there is a case for a third test of 1.41+. Although as a scalper there is no bias, just follow pa. Ps. achieved my daily target shorting that, so out, relaxed and feet up...
EURUSD
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FibbinArchie replied Oct 27, 2010Blimey, it actually moved in the direction indicated by news!!!
EURUSD
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FibbinArchie replied Oct 27, 2010I guess they kind of negate each other, market seems indifferent, just a whip saw and back where we started. New homes up next....
EURUSD
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FibbinArchie replied Oct 27, 2010Still looking for short entry around 3880 if this is corrective wave C forming now, may be on a spike at news time... Forecast is USD bullish, but it "head faked" yesterday, no reason to think it won't again today...
EURUSD
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FibbinArchie replied Oct 27, 2010Looks like a possible bear flag on H1, but I would not be surprised to see a 3 wave retrace to up side, I think capped around 880, will definitely consider a position trade short around there...
EURUSD
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FibbinArchie replied Oct 27, 2010Very stark pin bar on H4, but price reluctant to move above 840...
EURUSD
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FibbinArchie replied Oct 27, 2010It's not looking like time to put trend following hats on just yet... 2 x +15 and 1 x B/E scalp so far today...
EURUSD
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FibbinArchie replied Oct 27, 2010Strongish level then, could be good to load a short, tight sl... If it clears 50%, confluence with 1/8 murrey on multiple TFs...
EURUSD
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FibbinArchie replied Oct 27, 2010Median line of this new bear channel is looking like determining direction for today, around 3835-40.
EURUSD
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FibbinArchie replied Oct 27, 2010Yes, very possible, I was only looking at 32.8% of the 5 sub waves down.
EURUSD