Starting it off.
I will place some areas tomorrow morning, but 1.2360-70 area, where Cable stopped its last week drop, might be a major starting point for a large move up.
Just an idea, on which I will be constructing my intraday trades, until proved wrong.
MA
MarcinO
Rep: 67
Posts: 5,506
I think this ABCD will fail and evolve into a complex W2.
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MarcinO
Rep: 67
Posts: 5,506
Poor price action so far, as could have been expected on a Christmas week.
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MarcinO
Rep: 67
Posts: 5,506
And here comes the reaction. 1.2460 and 20 are my levels.
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MarcinO
Rep: 67
Posts: 5,506
Cable hit 1.2420 but hasn't shown any signs of reversal yet.
It may go sideways till American open and only then start to go up, if the are going to reverse it.
It may go sideways till American open and only then start to go up, if the are going to reverse it.
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MarcinO
Rep: 67
Posts: 5,506
Nope. It seems that hitting Friday's low of the day was all they needed. It makes sense, as key level was at 1.2360-70(all numbers December contract low) and they reversed it off 78 on Thursday.
Originally posted by MarcinO
1.2340-50 might be their target,
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MarcinO
Rep: 67
Posts: 5,506
I think they want to hit 1.2560-70 tomorrow, just to violate today's HOD.
The reason, why new low, as compared with the one from Thursday, cannot be seen in this chart, is that I had to use continuous contract here, due to December one maturing this week.
The reason, why new low, as compared with the one from Thursday, cannot be seen in this chart, is that I had to use continuous contract here, due to December one maturing this week.
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MarcinO
Rep: 67
Posts: 5,506
Nice initial reaction - 75 pips.
Maybe they will send Cable to my area tonight.
Maybe they will send Cable to my area tonight.
