We have quite a few divergences, especially with some sectors making new annual highs or getting extremely close to qualify for a retest. EURUSD going lower after testing the upper trendline peaks from Feb 9th and 17th. So both could go lower here.
On the other hand, tick only got a -831 in today and that second LOD was made on lower volume. The bounce here was obvious - the question now becomes if its a bounce based on tripple bottom support to go higher? Or if we head lower. We have spent enough time to work off overbought conditions to give us room for a run towards 1130+ without pull back. Just on the flip side we can now absorb a strong sell off and still manage to keep 1110 as key support as we have enough buffer.
The more and more I say the more we can all see that it is extremely difficult to try to get a position for 20-30 points ....
I took a profit today woot - finally. A whopping 3 pts. So frustrating, if I were to show you a chart of my trades, you would be kicking yourself as well. Most of them are horizontal lines with entry and stop at almost the same levels lol.
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