GOOD SELL SETTING. I need to give over 700 pips downwards.
Stress on the daily is providing in.
We are overbought with some bearishness arriving in. However to overcome some resistance barriers so this might be a retracement however if it is a ABC move I shall expect this move that is down to test 145.
I agree. The 78. 6 of the move down is at 5412ish. We've 2013 July High at 5404ish.Originally Posted by ;
Get over 153.6 and in any instance 153.8, subsequently 154.25, suspect a very bullish window is starting to 155.5/7 and maybe running right through 156.3
That might mean big downside incoming. Let us observe. Interesting to know this is depicted by others tooOriginally Posted by ;
Imo I anticipate a substantial drawback, though I'm dissappointed it took longer than I believed it would, to begin. It hinges UK side news BOE can hold from a rate rise that was initially priced to GBP. If that happens we'll see a slum completing the currently forming Cup pattern (daily tf).