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I don't think the market is looking at the numbers)))) My opinion has already been described above. On the daily chart a divergence may occur (actually, this is what it's all about), hence a new high. However, if we reverse now (within the range of 1.4920 - 1.4820) we will go down, but not as fast as with the new High and the divergence :)
Also true.
For a mega short, the previous pullback is kinda ..... not good.... not much.
I am expecting a HIPER MEGA move down on the EUR, no worse than 1.60 to 1.23.
But the whole question is from where...
I'm going to keep it as long as I have to !
And if I get knocked out by a stop at zero, I'll go in again !
If I get knocked out again, I'll go in again !!!
:)))
But I won't miss it !
I don't think the market is looking at the numbers)))) I have already described my opinion above. On the daily market a divergence may occur (it's going to happen) and therefore a new high. However, if we reverse now (within the range of 1.4920 - 1.4820) we will go down, but not as fast as with the new High and the divergence :)
So in principle it is possible to fly faster than the speed of light? :))
Wow !!!!
Look at that... what's going on :))))
Can we open the buy then? )))))))) Next year it might be higher than 1.8)) But for now it's definitely down...
I prefer to give the market a choice of path. If it's down, we're with it, if it's up, we won't be too late either. But to be honest I think the high will be renewed and it won't happen before November 6, 2009.
My view on the move is the 1.4793 level...
CONGRATULATIONS !!!!
AS ALWAYS ON POINT :)
What does GBPJPY have to do with it ?
How so? :))
According to Mr Niroba GBPJPY=GBPUSD*USDJPY,
where: GBPUSD=EURUSD/EURGBP, USDJPY=EURJPY/EURUSD
So it depends on the Eurodollar as you can see :-)