- Monthly : Previous 4 months a nightmare for traders. Alternate white and black candles, each longer than previous and overlapping. Big picture is down though.
- Weekly : Can now declare false break above 114.73, which was significant resistance (downTL and previous high). So now on way down, perhaps within 108/115 range.
- Daily : Bearish. As mentioned previously, mid-Sep to early Oct rally looked very unconvincing. Looks like a return to the first impulsive big white candle of the rally is on the cards ie 108.
2 comments:
Re-sold EUR/USD @ 1.3771 = last week's low.
Last night sold USD/JPY at 81.78. So with the new EUR/USD trade, have locked in short EUR/JPY at 112.58
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