EURGBP - DYSWIS ? - maintaining SHORT bias

DYSWIS - Do you see what I see ? . . . I know the long term trend is upward but PRICE is now testing the 100SMA (blue) and there are some obvious targets below. Break it down to the 30m with the same box of tricks and it becomes even more obvious. To be confident PRICE has to break below .85700 and stay below. 1000s of traders see what I see and the possible targets so it's just a short wait to see if the BEARS gain the upper hand in the next hour. If they fail, I start again . . . but I know my targets and just as importantly if the market goes against me, I know where to get out !!

Kommentar:

9.18GMT - PRICE reluctant to push down through .85700 . . . it was always the marker . . . the BULLS are putting up a fight and my 30m 100 and 200 SMAs are beginning to bunch up with PRICE flat lining around the daily 100 SMA . We'll soon know who is the stronger between the BULLS and BEARS :)