@trajkovic Wow, lovely detailed explanation. I'll be sure to check the ideas you posted in this comment section. Thanks and good luck with your trading :)
Aqua_Trader
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i have a different view
trajkovic
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Hello SN. Thank you for your comment. I was of the same opinion until recently. There are a lot of high level meetings planned for this week across the financial world. I expect nothing extraordinary to emerge but more of the same - reinforcing status quo. In terms of money markets - this week is as important as the week starting 20/02/2017. It is marked on the chart.
Orthodox technical analysis no longer works. It seems that wave patterns have turned to 3/3/3/ABC and then some more of the same on the both sides of the trend. I believe that CBE has lot less hurdles in their way of implementation than the FED. CBE and the ECB are very much in tune regardless of the political noise. In the US - political situation is much more serious and only short of a coup. FED is in no position to act independently and finds it increasingly difficult to continue with the policy. I would need a very patient audience in order to try to express myself properly. This space is certainly not the place. Please check my drawings from February - Please comment further.
Regards, good luck with trading