I still think we will go lower GU.
Check out the MM Sell model on the DAILY. See how that 1.6780 level acted as a resistance level.
Now zoom in into the 1H and see where tuesdays high came in. A nice OTE entry in LO on tuesday for 75 pips. A new OTE was formed yesterday during NYO.
There was divergence between the GU and USDX (higher low for USDx, GU Failed to make Higher high).
Also check out the bond chart, 1H. We are in the STD3 buy zone level, due for a bounce. Bond prices up=yield down=foreign currencies down.
I think we will see a continuation today of this OTE. The 200% extension is around 1.6615, which brings the weekly range to around 170 pips.
Check out the MM Sell model on the DAILY. See how that 1.6780 level acted as a resistance level.
Now zoom in into the 1H and see where tuesdays high came in. A nice OTE entry in LO on tuesday for 75 pips. A new OTE was formed yesterday during NYO.
There was divergence between the GU and USDX (higher low for USDx, GU Failed to make Higher high).
Also check out the bond chart, 1H. We are in the STD3 buy zone level, due for a bounce. Bond prices up=yield down=foreign currencies down.
I think we will see a continuation today of this OTE. The 200% extension is around 1.6615, which brings the weekly range to around 170 pips.