Have tried to short it couple of times this year and been very off with my predictions. It is quite hard to imagine it hitting even higher levels without rest, retest of trendlines or gap fillings, then look at NIKKEI index during the period of 1987-1989. Intrest rates are low and FED has not started to scale back on its balance sheet(even thou they have been...
This is plain and simple and possibly totally wrong. My vison of important turning points.
For me it seems GBP has hit its low point allready and its is going up. Upward continuation can only be seen if both green lines get broken. If it does not manage that, then I would expect new historical lows and I am not expecting that. This is just my opinion,not...
SO after a long pause after last short, I am seeing (yet again) wedgie that might end the current long run to the upside. currently short from 21365. See previous charts. I am expecting quite a lot of pullback. From the fundamental side: FED wants to dump its holding onto private investors, fonds ect.(FED buying different assets = up, FED selling different assets=down)
I would like to see a grind with upside bias for a week or 2 and after that a drop. If it breaks upside orange line with a daily close, I would expect it to continue. Otherwize I would be short. Currently without position, waiting for clearer entry and confirmation if I am right(grind with upside bias till shown area
Bigger Picture why I am currently long. Broken trendline testing. This should not by followed by anybody, Because in reality I do not know where the market is going.
Short term ideas. I am currently long from 112.65. Targeting at least 114.15. Currently on daily price is showing bullishness(hammer) and possibly more topside is coming. This is just my idea and i do not know where the price is going. I trade on price action and act on it.
