Short and long where appropriate.
That is if I've understood this correctly to be barrier triangle with a bullish outcome, at least temporarily. I think so because the wave labelled b went a few pips higher than the wave labelled (a).
I think in the more medium / longer term it may want to take itself nearer to the upper side of the defined channel, which by the time it gets there is in the 1.13 / 1.14 area, in order that it may drop further(?)
Shorting today's drop was quite lovely.
I'm not sure where that leaves tomorrows US GDP print. A bit dollar positive? It could be so, the sufficient take opportunity to sell the dollar? Friday next is NFP.
That is if I've understood this correctly to be barrier triangle with a bullish outcome, at least temporarily. I think so because the wave labelled b went a few pips higher than the wave labelled (a).
I think in the more medium / longer term it may want to take itself nearer to the upper side of the defined channel, which by the time it gets there is in the 1.13 / 1.14 area, in order that it may drop further(?)
Shorting today's drop was quite lovely.
I'm not sure where that leaves tomorrows US GDP print. A bit dollar positive? It could be so, the sufficient take opportunity to sell the dollar? Friday next is NFP.