Good evening - hope everyone enjoyed the weekend! I'm short +84 pips in one account, +98 in the other rolling over from last week (the negative swap was ugly), but watching closely to see where the fish flows going into Monday morning.
Posted below is my typical fib fan chart, and a 3H (crazy Oanda)IKH.
On the fib chart, notice price opened below the top speed line(second red line from the top), but is caught between there and the 50% fib fan (next red line below). As I mentioned last week, the descending blue fan line, just above @ 212.70 (which coincides exactly with the dashed green dynamic resistance line immediately above) is the line to breach and hold.
On the Ichi chart...well, I'm going to take the Ichi analysis to the thread where it belongs, which I was remiss about posting in yesterday, as I had said I would. So, I'm off to do that.... Come over and hang out with 4xStar and myself to get acquainting with Ichimoku Kinko Hyo, by the way, which is one of if not the most popular overlays among Japanese traders, who've been applying it for a few decades now.
Next time I post, hopefully we'll all be long and up a few pips.
Linear Mode
