DislikedThe euro is stronger now than before the news. Strange.
And expensive for me right now, since I shorted EU.Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=15.1)
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DislikedThe euro is stronger now than before the news. Strange.
And expensive for me right now, since I shorted EU.Ignored
DislikedI think they should be safe till the 61.8 fibo, but once the daily correction/reversal starts, if it is a correction, then it will go as low as 233 but if it's a reversal then who knows, maybe 220, 210, 190, I don't know but it will fall hard.
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Karmo, i have learned a lot from you regarding Fib levels you are obvious a master with it. i just want to ask a very stupit question? I have notice that the 50 & 61.8 is a very important Fib levels can you please explain why they are so important many thanks
carlIgnored
DislikedBuy dip in the uptrend. I think that's what market is doing. My guess is Fed has a bigger chance to cut more rates than its European counterparts. Look at USD/CAD it drops way down today .. surprised me earlier as I was short this pair as well. Sometimes this Cad pair can be a leading indicator for Yen pairs .. don't know .. but it has happened many times. Maybe due to oil thing.Ignored
DislikedI don't think 50% is a fibo level, it is just half and added in for good measure. Primary fibs are 61.8% and 161.8%. Then you have derivations like
78.6% is the square root of 61.8%
88.6% is the fourth root of 61.8%
127% is the inverse of 78.6%
and so on. They are some that I use anyway - important for harmonics.Ignored
DislikedHmm, does it look like the bulls are running out of steam already? I was wanting to get some shorts higher up.EJ looks ripe for a fall.
Ignored
DislikedPipchick,
kindly pls check ur box now,i have sent u a PM kindly get back to me now.
Thanks.Ignored
DislikedRevised from 4k to 89k..
8:30am USD Nonfarm Employment Change http://www.forexfactory.com/images/m...mpact_high.gif 110K
100K 89Khttp://www.forexfactory.com/images/m...us_revised.gifIgnored
DislikedThanks markam
I'm adding to my shorts up to 238.80. First target is 235 to 234 (300-400 pips). If we are going to get panic selling of sorts, it should come next week or the week after. Otherwise we could bounce up to 244 or 247.Ignored
DislikedThe euro is stronger now than before the news. Strange.
And expensive for me right now, since I shorted EU.Ignored
DislikedThanks markam
I'm adding to my shorts up to 238.80. First target is 235 to 234 (300-400 pips). If we are going to get panic selling of sorts, it should come next week or the week after. Otherwise we could bounce up to 244 or 247.Ignored