chart

As requested by Dazza.


Dazza, I sold my position today. Just wanted to make that clear. If this goes up tomorrow I will just buy back in.

I'm of the opinion that this isn't going to go up tomorrow. I think Monday's move was too far and too fast. I'd like to see this sideways trade along the 50% Fib and firm the indicators for another run. Retracing to that 50% Fib was a very good sign today as long as it can hold it. I just can't see this at present having any more steam left. I'd actually like to be wrong and this move to the first target of 0.036. Again even if it did burst out and hit that first target a retrace will still be needed. imo.

For me too re-enter I'd be looking for a break of 0.032 on decent parcels.