The pink/mauve CL lies just above current price at about 1.2850....It should be reached today and then what? A retracement or further upside movement? One thing that should be mentioned is that on the 240 min chart a reverse/forward count shows PM today/Thursday or tomorrow/Friday as being a key reversal date and in the 60 min chart we have a key reversal within the next 4 bars ie TODAY..this afternoon. I would have a sell stop below a critical support/ reaction line in case of a sharp drop once the mauve pink CL is reached.
No comments:
Post a Comment