riffster21

USD A bounce - Market Barometer Update

OANDA:EURUSD   Euro / US-Dollar
Hi guys, ugg, I tried to catch it, but it bounced too fast. The USD just touched the trend line , then bounced pretty hard. This USD sell off might be finished (at least short term).

This is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.
Kommentar: Moment of truth!
Kommentar: It's a bounce. The USD sell off should be finished for a bit.
whew thats good news i was fixing to long that sucka. What ya think about the USDJPY. I think its a second chance to go long. that was a pretty good pullback. it also seemed to happen slowly which to me indicated that big money didnt pull out.

Based on the long spike i think big money went long.
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riffster21 steveb4088
@steveb4088, I'm offline (no charts open) atm, but the pullbacks for a 15 minute barometer usually take 2 or 3 hours. As a rule I multiply by 10 to give me rough idea of what to expect time wise. A 4 hour barometer turn usually takes 4 trading sessions to complete. Hope that helps.
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thanks mate. Appreciate your work. Iam curious how this will play out!
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riffster21 Trader_Dale
@Trader_Dale, Me too :D
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