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Observing our last forecast and if you followed the eur/usd bear collapse from our pinpoint resistance at 3659 the market has initially satisfied our profit target 2 (pt2) at 1.3333. As described — Dollar Index divergence was accurate and our Primary Movement Timing Program (PMTP) correlated particularly and more precisely with the GBP to the moment. We…
DetailsE/U 1.3630 550pm NY We are not fibo retracement traders. We do not (rarely ever) trade bounces against a most recent technical move. This leaves me trading less than 1% margin with a bull break above 1.3659 after a tap back to 34 to targett 1.3744 (less or more). Our preference is to consider the bearish…
Details1.3607 – 11:07am NY This bearish move was firmly technical on the 1Hour with the exception the burst failed to validate new resistance at 1.3803-24 and also 1.3916. Rebounds target 1.3724-.3793-1.3849. Our first profit target (pt1) is satisfied at 1.3714 and pt2 is 1.3337-1.3263. We hope to share our next entry in advance but…
DetailsBank Flows Light As we begin the holiday season we continue to see volatile swings as more economic data is released and persistent uncertainty about the global economy. The Bank Flows remain light and liquidity has not returned to a normal level. On Friday of this week we have US Non Farm Pay Rolls and…
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