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    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Cable sell-off started right below my most favorite 1.32010-20 area. It is still possible they will send it to a new nominal high right there, but most likely play is a move to 1.3140 before American open and then down.

    Click image for original size
    6b 2016 08 21 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    They dropped it right off 30.
    Next levels are at 1.3135, 15 and 1.3070.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Low at 1.3147. 1.3265-70 is the last zone if they are going to drop it again.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    This rise in currencies against USD is irrational in light of Yellen's statement. I wonder if they needed to take previous high for the Pound and that's it...
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    It looks like that. 60 pips off the top.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    What a drop after violation of previous high!

    After readjustment of geometries to new high, my key level is around 1.3130.

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    6b 2016 08 26 2 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    1.32 is a management area.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    The way ES is set-up makes me wonder, if an ABCD to my 62-64 in play.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    We are at 66. Show time.
    Originally posted by MarcinO

    The way ES is set-up makes me wonder, if an ABCD to my 62-64 in play.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    (Edited )
    ES overshot the level by 1-1.5 points, which is all fine. Breaking above 65 will make me think the move donw is done.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    And it looks done now.