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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On this bounce if 90 can't turn it down, I think the drop is over. And it 'feels' totally over even before we see what it does at 90...
JI
jimkane
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Okay, that higher low on the 1-min just about seals the fate of the bears. Sure, it may be a bearish ABCD forming... Odds? In my view, twenty-seven trillion to one against it.
JI
jimkane
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Yeah, I'd like to say that 90 area is going to hold, since it is starting to react to it now, but it will likely pull back to just...about...here, and rocket up and over. Blech.
JI
jimkane
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Okay, time of day is getting to the right spot, this is all primed, it's ready, and wants, new all-time highs (again) by the close. I want it to roll over and die so bad there aren't words to describe it, but it wants the new all-time highs. I think it's stronger than me, so...
JI
jimkane
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Somewhere around 95.50-98.00 is what it wants. But, as the magical 1700 draws near, you also have to know it wants to probe that. How all that will unfold I don't know. The low 1700's area has a lot, but to get there it really has to violate that wonderful weekly area I posted so many times. It has to fail somewhere in here for that to hold. I would be very pleased if the 'bulls#%&' market ended at like 1699.75...
JI
jimkane
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This is so set up for the run here that I just described, but, funny as it sounds, I am getting the feeling this may struggle in here, despite the excellent layout. A perfect bullish layout on a Monday in a money printing environment, and I am getting a feeling it may struggle. Probably not, but it is interesting. I wonder if things are, indeed, changing. Now all we need is a catalytic event.
