Non-Bearish Tuesday Wrap Up
Non-Bearish Tuesday Wrap Up
The bears missed a huge opportunity today to drop the tape like a rock. We could have easily seen a big slide toward 1300 but there was zero selling interest. Which proves my point – there are no more long term bears these days – anyone shorting takes profits post haste once a 2R or 3R profit margin has been reached. Alright – here’s the video wrap up:
That divergence on the hourly could impact tomorrow’s session – we shall see. One day at a time – especially these days.
Geronimo ignominiously lost one short scalp today. I expect all subs to cancel their membership by tomorrow 😉
ZeroFX produced a very nice long signal on the EUR/USD 1k tick chart this morning. A conservative way to take this signal is to wait for a blue spike pre-warning and then wait for confirmation on the white line (see chart above). That was one sweet run up.
Not as sweet as this of course…
Cheers,
Mole