Hehe, I don't know which one will be taken out first, although I'd say it seems easier to go a little down now than busting upwards even more. I am long on spot FX demo from this level. There is some hesitant trading seen here, and I just want to stay away for a little ... from these crimson waters. It is indeed very choppy during RTH start today, and very tight too. This indicated the bewilderness domination markets now, and we need some Fed-statements, hard numbers or something to feed on. Last night/this morning I took a good look at 1h and bigger charts ... doesn't look for $. edit: I'm literally falling asleep over my keyboard, and am worried I can be dreaming part of what seems "reality" and "thoughts" mixed toghether. Will let my demo long trade stay with a slight 1.28-target ... Otherwise the tight ranges has not offered any good opportunities, and I have seen a very few possibly ok trades.
I'll be surprised if we make such a move during the current US session. Maybe overnight or tomorrow. I think we're confined here between 1.2765-1.2820 for the current session....
Y agreed. May take 24-36 hours to happen - UNLESS we just get rolled over by hedgies wanting to take out all time highs.
Price and time fit perfectly with my 1.28 target. Get ready for a sheep slaughter in the coming days.