looks like down trend anyone thinks its gonna reverse?
hit a down sloping trend line as other pairs were approaching resistance. also previous resistance was around .30 area. its since closed above the 50% fib lvl.
is the downtrend over? that remains to be seen. lets see what the rest of london and NY brings us.
my bias was actually USD strength today. Only had one short term trade once i was able to change my bias. Bought the cable at .6278 and had my limit order at .6340.
happy pipin friend!
I hope not; I’m still short.