Hello!
I was just about to start writing my analysis and my pc system crashed!! So, 30 minutes later here I am.
I am short and remaining short, just regret could not add because was out of market.
My preferred count is Daily ending diagonal C wave and maybe Double ZZ which is not so attractive to me. There is one more temporary long possibility on Daily, but do not believe too much in it, going up after hitting 50 retracement @1,3418 into B flat Weekly (target is at least 50% from top to low weekly @1,3563).
In weeklyresearch/analysis two claims stuck into my brain: 2-3 % USD rally said by Kathy Lien and USD weakness until March 2014 said Sean Cotton.
Firstconfirms my Big TF analysis and task to establish Monthly swing fractal; currently we should go down to 1,31 level BUT if we spend next 12 days until December making 2 legs down, low of second leg would also be Monthly swing low level, only question is where it will stop. So as I said in my analysis – TIMING !!!
Why March? On March 18-19th FOMC meeting associated with a Summary of EconomicProjections and a press conference by the Chairman will take place!! Again – TIMING! Bad outlook would push dollar lower for next period of 3-6 months but I am skeptical about that.
I do not intend to bother and think too much about shape price action could&would form just zigzag SHOULD be!!
Goodtrading!
Ps
Above 1,35466changes situation but not my overall picture
H4
I was just about to start writing my analysis and my pc system crashed!! So, 30 minutes later here I am.
I am short and remaining short, just regret could not add because was out of market.
My preferred count is Daily ending diagonal C wave and maybe Double ZZ which is not so attractive to me. There is one more temporary long possibility on Daily, but do not believe too much in it, going up after hitting 50 retracement @1,3418 into B flat Weekly (target is at least 50% from top to low weekly @1,3563).
In weeklyresearch/analysis two claims stuck into my brain: 2-3 % USD rally said by Kathy Lien and USD weakness until March 2014 said Sean Cotton.
Firstconfirms my Big TF analysis and task to establish Monthly swing fractal; currently we should go down to 1,31 level BUT if we spend next 12 days until December making 2 legs down, low of second leg would also be Monthly swing low level, only question is where it will stop. So as I said in my analysis – TIMING !!!
Why March? On March 18-19th FOMC meeting associated with a Summary of EconomicProjections and a press conference by the Chairman will take place!! Again – TIMING! Bad outlook would push dollar lower for next period of 3-6 months but I am skeptical about that.
I do not intend to bother and think too much about shape price action could&would form just zigzag SHOULD be!!
Goodtrading!
Ps
Above 1,35466changes situation but not my overall picture
H4
