-
Or maybe just trail a limit sell up from
the rear using a CBL or similar technique.
___________________
___________________
-
OK, enough dicking around with this consolidation rubbish - lets GO !! - 7000 by Friday - minimum, as a first stop
0.7090 currently
E&OE - DYOR
Xerof
-
Hi Xerof
The law of alternation is at work.
Eventually when 7080 can be broken
we should get our downside move.
Arco
___________________
___________________
-
Saw low .70's before bouncing nicely - like the AUD (see AUD.USD thread) should see a decent rally here to around 72 cents, from where the next decent sell off should commence
Xerof
-
Seeing the rally back up - possibility of getting back above 7200, maybe 7250 early this week, before it comes off hard
Xerof
-
Possible H&S forming on the Kiwi, with the Right shoulder coming in around the previously mentioned levels of 7250. Hmmm, I personally don't trust H&S too much. Think best idea is to have a 70 pip trailing stop entry, in case this thing just keeps going topside.
Given its a big data week for USD, (with early talk of a widening deficit again - no surprise there I guess), might pay to play it as suggested.
Read somewhere the USD index had a bearish engulfing candle late last week, and certainly todays early moves suggest that USD might correct lower still
regards
Xerof
-
This old bird has been solid as a rock lately, since testing that 70 cent level. Still like it heading for mid/late 72's for a tentative sell, if you can trust H&S setups. Will stick with the trailing s/l sell entry scenario
Any firm views there ARCO, contrary or otherwise?
Xerof
-
very early days, but price action today fits nicely with H&S expectations posted above - a top at .7265 so far today forming Right Shoulder. As I said don't entirely trust H&S formations but here's hoping this ones for real. May take a few days to see a decent result.
Xerof
-
Xerof
I closed my short position a few days ago,
and will give you my current view tomorrow AM.
arco
___________________
___________________
-
Xerof
A Bearish Engulfing Pattern has emerged
overnight.
I calculate possible resistance as 7263
(or failing that 7324).
arco
___________________
___________________
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks