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    MarcinO
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    The Pound is just below a huge area at 1.5260.

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    6b 2015 12 13 png


    If it is not going to spend too much time on correction, the next level up is around 1.5370.

    Click image for original size
    6b 2015 12 13 2 png
    JI
    jimkane
    Rep: 3,058
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    Nice charts, Marcin.
    MA
    MarcinO
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    So the Pound did a supposed TL fakeout a few minutes ago. If it manages to come back above the line the chances for 3D into 1.5260 will increase.
    However, I'd rarther it hit low 60s first.
    MA
    MarcinO
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    It chose lower level at 40, though.
    MA
    MarcinO
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    This move down might be a deep correction, similar to the one on Friday or it wants to get to 25.
    MA
    MarcinO
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    Instead it dropped to 1.5110 - .382 measured to the 2nd December low. I didn't expect such a drop before hitting key level.
    By tomorrow we should know whether it was actual reaction shy off 1.5260 or we will one more such a correction or even larger.
    RA
    rat89
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    spy sequence:

    Click image for original size
    screen shot 2015 12 09 at 1 44 24 pm png

    Click image for original size
    screen shot 2015 12 10 at 2 48 53 pm png

    Click image for original size
    screen shot 2015 12 14 at 12 10 37 pm png
    RA
    rat89
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    Click image for original size
    screen shot 2015 12 14 at 12 02 25 pm png
    RA
    rat89
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    the meeting of .382 and 1.27

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    screen shot 2015 12 14 at 12 43 50 pm png
    RA
    rat89
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    Click image for original size
    screen shot 2015 12 14 at 12 35 13 pm png
    JI
    jimkane
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    Great charts and work, crew of two.
    JI
    jimkane
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    It usually pays for me to follow my gut read on things...



    Originally posted by jimkane

    I want to short it (soooooooooo badly), and will be looking for the slightest weakness to consider pouncing, but with the attitude of not marrying the position, and being ready to turn on a dime. Otherwise, it's ride until this thing breaks, and keep leaning on the long side until proven 'wrong'.


    Originally posted by jimkane

    I just want to short it right here sooooooo badly...