I missed it because it triggered overnight, but did anyone take the short on this? What are you doing with the trade?
I’ll have to wait for either a retest off of the support it broke at 1.4926 or the bottom of the muddy area at 1.49. If I can get that and a good r:r I’ll take it. If I can’t get that, I’ll have to wait for a setup to trade it to the daily neckline at 1.4710
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I did, looking for a pt at 200% fib then consolidation and maybe a break to the 800? ;o)
http://www.screencast.com/users/javageorge/folders/Jing/media/f592b666-e579-4d55-b871-474b37eadabf
Slept through this one. Hope works out for you George.
Thanks Jeffrey .. I still think there is time to enter the trade from a technical standpoint … however I do agree that the fundamentals would point to a more weaker dollar and long trade .. (seems to be always something pointing in a different direction ;o) ). I will stay short and see what develops … the currency has been away from the 800 for a long time.