I just checked in and saw there was no topic for the week yet, so here it is.

It looks like a reversal, but one more push down is still a play.
Notice, that the move stopped exactly on low from yesterday and obvious TL.
Reversal off that point would be the most tricky thing we can imagine here, knowing their games.

They had to do it - previous low overshot by 1 pips and TL, at the same time, by 2.
Everything as it should be. No alarms and no surprises to quote Radiohead.

The Pound seems ready to follow, in very short term, other Dollar pairs.

Nope. One more move down, still within the area.
Nice volume spike. Time for reversal?

Originally posted by MarcinO

The Pound seems ready to follow, in very short term, other Dollar pairs.

They want to hit another TL. 1.5215 next.

iwm 15 and 60

128.19 – 106.99 = .50 at 117.59
118.55 – 106.99 = .886 at 117.23
119.36 – 113.36 = .618 at 117.07
116.15 – 114.51 = 1.618 at 117.16
116.75 – 115.74 = 1.618 at 117.21

1.52 is the lower subgroupping of the same area. It's now or never if they gonna stop it.

94.50 HOD with a blast up to it in the 'Europe still open' session (you know, the first hour and a half of the RTH trading day). I'm not saying on OpEx it can't set a new high going into the Friday close, but my view right now is still short off that high, riding, and see if it really sells or not. I'm not looking for long positioning at all. If I see a clear shift (like it blasts off this upcoming potential bullish ABCD like a rocket), then I'll switch sides and look for positioning, if it is available (it may not give any second chance in). If nothing opens up, so be it. Okay, start watching...

Originally posted by jimkane

Anyway, we all can see 93-98, and 2105-09, all give or take. Then there's the contract high and all-time high. That's confusing because the two previous contracts had higher values at the high, so which is the real 'all-time' high?

The obvious, previously tested TL is here, and it 'sees' it. I'm hoping for a bounce and roll. If it does that, the thing to watch for is if it takes it out, rolls into the ABCD, then blasts off.

Well, it did hit 89.25, so that's okay. I got the read into the area, and pretty much for the move up. The morning made the move right to the posted area, the move down was in nice waves that followed the principles. All-in-all a pretty good day for trading, in my opinion.

Originally posted by jimkane

I'd like at least 90, preferably 92-93.