Move down to 6M OB at 0.7450 Look for bullish PA to ride to new highs. Take out 2017 high.
The fact we held low before breaking high indicates a MS break. So as bearish as 3m - 12m candles look on longer term, the price moves suggest we will take 2017 high.
This retracement is just a knee jerk reaction of all the stops we took imo. Many longer term short were squeezed.
I only dont like the fact we came back into the 1st 6 months range. But as i said we took so many buy stops (shorts) that this could just be a knee jerk reaction and institutions covering.
By the end of December i want to see a rally back above the first 6months high of 2017. which is 0.77493
Next 2 weeks is very important as it marks end of 2017, how the 3m, 6m, 12m candles close will be of interest to me.
I want to see no play play around 7450, we need FAST moves.
The fact we held low before breaking high indicates a MS break. So as bearish as 3m - 12m candles look on longer term, the price moves suggest we will take 2017 high.
This retracement is just a knee jerk reaction of all the stops we took imo. Many longer term short were squeezed.
I only dont like the fact we came back into the 1st 6 months range. But as i said we took so many buy stops (shorts) that this could just be a knee jerk reaction and institutions covering.
By the end of December i want to see a rally back above the first 6months high of 2017. which is 0.77493
Next 2 weeks is very important as it marks end of 2017, how the 3m, 6m, 12m candles close will be of interest to me.
I want to see no play play around 7450, we need FAST moves.