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MarcinO
Rep: 67
Posts: 5,506
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.

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jimkane
Rep: 3,058
Posts: 33,089
Gets to the key line and dumps...
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jimkane
Rep: 3,058
Posts: 33,089
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.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, I'm going to step out on a limb here. Up hard until the close.
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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.
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jimkane
Rep: 3,058
Posts: 33,089
Speak of the devil... Watch here carefully at this key line at 81.
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jimkane
Rep: 3,058
Posts: 33,089
And down hard off 81 it goes. Amazing stuff.
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jimkane
Rep: 3,058
Posts: 33,089
It may just chop down here, or keep rolling this low end range, but the longer it does that, the greater the odds, I think, of the monkey-hammering.
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jimkane
Rep: 3,058
Posts: 33,089
I smell a monkey-hammering...
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MarcinO
Rep: 67
Posts: 5,506
I'll be off the forum till next Sunday.
Good trading to everyone.
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jimkane
Rep: 3,058
Posts: 33,089
They smelled it, too... See how they felt about that?
ER
EricD
Rep: 63
Posts: 692
I realized it now ..... Thanks Jim .