To whoever sees this..
Always watching the dollar. IMO it is in charge! Up or down I don't place a trade on a correlated pair without having an idea of where the dollar is and could be potentially heading. A few scenarios i see playing out all to the short side. Going into Monday I think we will see is slowly trickle upwards Not sure when or even if we will see a half decent retracement from last weeks slight melt but the two zones marked are where I will be watching closely for a continuation to the downside. 97.75 may be to aggressive but depsnds on where we open at. If not 98-98.50ish is the area im watching. Break of that and you can scratch all of this. You already see the targets. Not crazy. 95 is my more conservative target but 94 is ultimately where i see this heading. Thoughts? Think were going long still? Please share your thoughts!
wikr - smokeraws45
Always watching the dollar. IMO it is in charge! Up or down I don't place a trade on a correlated pair without having an idea of where the dollar is and could be potentially heading. A few scenarios i see playing out all to the short side. Going into Monday I think we will see is slowly trickle upwards Not sure when or even if we will see a half decent retracement from last weeks slight melt but the two zones marked are where I will be watching closely for a continuation to the downside. 97.75 may be to aggressive but depsnds on where we open at. If not 98-98.50ish is the area im watching. Break of that and you can scratch all of this. You already see the targets. Not crazy. 95 is my more conservative target but 94 is ultimately where i see this heading. Thoughts? Think were going long still? Please share your thoughts!
wikr - smokeraws45