I will start this discussion topic with EURUSD chart.
On Friday it reversed six pips below the zone. I assume it may hold for a while and give some reaction but then it will be crashed.
Just my opinion.
JI
jimkane
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This thing is toast. Although they like to come in at the GZ over and over, I think it's going to get monkey-hammered. If not now, soon.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'm going to step out on a limb here. Up hard until the close.
JI
jimkane
Rep: 3,058
Posts: 33,089
I only said that because this is set up to get pile driven, and they tend to see that and hit it hard off the GZ. That's where we are now. But it doesn't look like they plan to save it. If not, it may flush right to my area.
