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Ok Xerof, I kept my shorts on ,
and very pleased I did too.
The previous days bearish Dark Cloud Cover candle,
a Tweezer Top, and a number of other factors pointed
to a low risk entry.
Wing your way south if you please.
arco
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arco
I get an initial target of around 1.2500
fit with anything you have?
Cheers
Slam
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Member
exit short at 1.2570 for +65
It helps defray the cost of my recent "Pounding" [B)]
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Slam
There are a number of possibilities IMO.
Next Gann level is circa 2451.
Short 2695 + 125
arco
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arco
Will have a look at my charts again
Thanks for the reply
Cheers
Slam
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Still moving in the right direction +118
Minor Gann support around here to be
broken @ 2573
arco
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FWIW
Just received this info from a broker
JUNE CANADIAN DOLLAR - The Canada dollar bounced off the center line and traded higher as it approached Tuesday's reversal date. I look for the market to hit resistance and trade lower into the EOC (End of Cycle) reversal date due on May 27. A drop into this date could set up a significant buying opportunity.
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I closed my USD/CAD short at 26.40 for +40 late last night.....
Only to wake up this morning to find it fell off the cliff for another 100+ a few hours later Arrrrg!
Me thinks it's time for me to learn more about resistance/support levels.
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Its those Butterflies again
quote:It looks like one small Butterfly may have
completed (forming Leg EW5), so we could see
some form of reversal here. A very large Gartley
appears to be also on its last legs.
Short 2695 now +153
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