Also because we are still under the Daily 55DMA we are still correctively bearish untill 1.3129 is taken out. A test of the lows is still possiable forming a kind "w" or higher low before taking off. Anyway
4hr view
My Entry 1.3152 Stop @1.3197
waite for a full body close below 1.3108 a sell stop would have saved you from the rally up to the maket high of 1.3174
I twittered earlier on today that the Euro/Usd had reached a market Top @ 1.3174 which was also the Daily’s 55 DMA. Mr Price never really moved beyond this point and then Profit taken took place.
4hr view
Now when i look back i think to my self that makes sence, simple and logical Price action exspecially with the US bad unemployement news, why didn;t i see that before DA!!!
Sometimes I really over Complicate things, when really Mr Price is quite simple.
Still will have to wait and see what market sentiment is tomorrow and whether or not the Greek deals is semented, dried and ready to be laid for a new concrete foundation. Even so in my opinion Greece may get the deal finalised but in my opinion they do not have any real plan for growth or long term strategy of getting themselves out of their tax evading culture? They haven’t mentioned anything or told us about any any long term strategic plan of growth and development for the country. Besides all that they still have to pay back the debt no matter what the interest rate is. If you've heard something that I haven’t Pls let me know.
P.s I also believe it’s the commercial market buying this market up, not the non commercials
By the way i have a New twitter name
its Now Timelessfx
Cheers
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