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Hi Matt,
I dont know what to tell you. Falling cards...? maybe - everything is possible, but that is what we are trying to do here - trade something having (in our opinion) most chances to happen.
For now I still think we can see USD strentherning, and I am looking to trade for it. If we are going back to where we were lately, I dont think it will happen this week. 50-70 pips is usual to happen as intraday retracement/correction...if we get more, it may signal the opposite way. Will see.
Hexp2 - good to see you are stil around.
I dont trade intraday, so I canot tell you. + I dont look at 5 min charts at all, so I cannot tell you my thoughts on that one, except for what I see on longer term charts. I think move to 109 is very possible, and shorting from 110 is the best classical thing to do - short when is gets back to the neck line. Very nice model, but its an intraday model. On the longer term I see it is little mixed, but still looking towards +112 level as an initial target (the gap area) before we MAY reverse back down. On the other hand, USDYEN may be held low due to sellings on EURJPY and GBPJPY... cant tell, its a little mixed, so I prefer not trading it at the moment. Maybe later... Will you make a call for it if you enter? anyways, good lick with it,
Rezo
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