Wed April 20

EURUSD short 1.4508

DOW/SP500 buying support and USD sell pressure is fluctuating.

EURSGD long 1.7983 [closed 1.7976]

EURSGD short 1.7973 [closed 1.7983]

EURUSD long 1.4524 [closed 1.4512]

Significant DOW/SP500 buying support returns …

EURUSD short 1.4525 [closed 1.4519]

Have just returned to my charts after some time away and notice
I missed a short covering spike. The problem with burning all the
short sellers is that there won’t be any left to cover later on
(ie buy back their short trades after a drop) So when we do get
a sell off it may be more pronounced as there will be less buying
support from the shorters closing their trades.

DOW weekly updated broadening formation showing choppy sideways
price action over several months (ie distribution) It’s converging
towards an apex where a decisive move lies ahead.

EURUSD long 1.4318 [closed 1.4395]


I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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