fade bingo. eurusd shatting bed 1.28 interesting thing is 1262 is heavy support confluence. the last line of defense. anything much below that big air.
Hey JD, yesterday I was 'calling' for 1280 sure, with 1275 as the more likely b/c it was heavy confluence - we pretty much got there and sat under it. came in bearish, moved to bullish. we needed to breach early and it didn't happen and that was in my plan so went with it. My swing stuff says that the monday 78.5 was essentially a temp high, I did swing that but only to 64/65. Hourly since Monday not looking great, nice channel lines down. If extend the channel we could close the gap. Until we break out of the channel I go with it. (I keep in mind LC's comments about keeping the SP this week above water so I'm not too beared up.) anyway i have a magic fill 68.5 if that gets taken out at the open then I have 77 as possibly short opp.
plus all my setups are short since after adp - but note my crappy magic fill 68.5 - filters that get me in late b/c of pre-mkt chop potential : D here is 62 now - we break I remain bearish it is the last heavy confluence line. respect it or not. (i.e. there are no other lines for me, so break is bad).