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@Ali Huzaifa There's no gentle way of asking, did you sell the bottom tick of the cash market, have you found your "uncle point" yet? I could see this go lower, but I hope not. But given my performance so far today, you might be right!
Edit: I see your post, yes it happens. Dust yourself off and get back in the saddle.
2B buy from major support on the 1H here . Price breaks above 1.2665 and its triggered to go long . Im still looking to be short but only after the buying excitement is extinguished .
I agree Mike, we just tested the 1,2635 level from 1/13/12 and bouncing nicely. Should be an interesting day. And we are right in the middle of this bear channel.
And 2750 may not be much resistance. I said earlier that I thought 2900 or 3000 is very possible, and I still do. So I will be very cautious on any shorts as we move up into this area.
I think we might see some movement based on news as well.
Once we are finished with the dead cat bounce, I will be looking for new yearly lows.