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MarcinO
Rep: 67
Posts: 5,506
The Euro made a huge drop on Friday and still has a plenty of room to go.
It stopped at a very technical spot, so I'll be looking at two areas to continue to the downtrend: 1.2420 with best timing before European open tomorrow and 1.2440-50 which may produce a reversal at any time before tomorrow or on Tuesday at the latest.

TL backtest at 1.2405 with couple of other things coming together there is a very short term opportunity, if any, in my opinion.

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6e 2014 11 23 png
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jimkane
Rep: 3,058
Posts: 33,089
It sure 'sees' that overhead TL. It's wedged between two TL's now. Pop time coming soon, I suspect.
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jimkane
Rep: 3,058
Posts: 33,089
Two days in a row of being bored out of my mind. I long for those days a month ago when we had four 30-50 point swings in one day!
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jimkane
Rep: 3,058
Posts: 33,089
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
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jimkane
Rep: 3,058
Posts: 33,089
Sweep down for sure, but will that lead to down, or a snap and sweep up?
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jimkane
Rep: 3,058
Posts: 33,089
And the sweep down happened as I was writing that.
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jimkane
Rep: 3,058
Posts: 33,089
2.25 point range for over an hour and a half...
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jimkane
Rep: 3,058
Posts: 33,089
Okay, watch here. Key time and place.
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jimkane
Rep: 3,058
Posts: 33,089
Why do I think this area won't hold and it wants 64? This is a super-key area here.
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jimkane
Rep: 3,058
Posts: 33,089
64 here we come.
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jimkane
Rep: 3,058
Posts: 33,089
There's some stuff here at 65.75, so watch in case that's it.
RA
rat89
Rep: 0
Posts: 7,015
nothing makes me happier than seeing the trend resume ;)


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screen shot 2014 11 28 at 12 25 23 pm png

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screen shot 2014 11 28 at 12 22 21 pm png