UPdate 2:25pm est
Reopened gj/ey shorts also short au aj and long EU longs closed- Stop hunt on USDJPY Stopped few pips short of high targets on GY EY still 112.22 and GY 136.90
ez- changing target to 1.6 based on Resistance at a/b 61% and new volume incoming 30m candle
We know know (or maybe knew but was bias with long eu) that MM is locking in long traders Meaning NFP will be merely a show of USD strength
Thursday, January 3, 2013
EURNZD - abc?
Closed Hedge trades on GY and EY- looks like a' down is complete leaving b pattern for the Friday trade. Moved SL to 1.3078 on EU (may remove it I suspect lots of buy orders here and the stops will need to be taken out) before a further advance higher in price).
And obviously the no volume range 1.3088-1.3110 there are no new large orders to move the market in any direction (no supply or demand)
UPdate 2:25pm est
Reopened gj/ey shorts also short au aj and long EU longs closed- Stop hunt on USDJPY Stopped few pips short of high targets on GY EY still 112.22 and GY 136.90
ez- changing target to 1.6 based on Resistance at a/b 61% and new volume incoming 30m candle
We know know (or maybe knew but was bias with long eu) that MM is locking in long traders Meaning NFP will be merely a show of USD strength
UPdate 2:25pm est
Reopened gj/ey shorts also short au aj and long EU longs closed- Stop hunt on USDJPY Stopped few pips short of high targets on GY EY still 112.22 and GY 136.90
ez- changing target to 1.6 based on Resistance at a/b 61% and new volume incoming 30m candle
We know know (or maybe knew but was bias with long eu) that MM is locking in long traders Meaning NFP will be merely a show of USD strength
