H4 — Don't know about an "uptrend" yet as the overall picture is still pointing down.... but I still see the possibility of a retrace to the 50 or even 61.8 level
2 cents — If you try to figure out how "news" will effect the markets.....you will be left figuring.... If you learn to successfully read PA....you will make money at this game...
EU5... watching blue highlighted area. Looking for a possible long entry...
spike — The spike is on the swissy....not the EU. I've got it on my feed as well which is an ECN feed ...... fwiw.
downside area — I'm watchin 2545ish.... If pa doesn't get there.....I'll consider a buy....
explanation — It's more of a PA illustration....we broke thru an acsending channel. if it doesn't recover substantially from here.....imo we could see mid 1.24's