Let me put it this way, Look at the chart you posted. Look at the last two (2) candles Did the LAST candle make a lower low than the prior candle? If yes then no, it's NOT putting in a bottom.

EURUSD

@Wolf, While I'm on team Wolf about DXY hitting 114 I think it takes until tomorrow at the earliest - today is consolidation day waiting for PPI then FOMC minutes tomorrow.

Cable Update (GBPUSD)

You never watched Married with Children did you? image

Cable Update (GBPUSD)

Pat, Do you really think that the FED cares about the election? In the past I would have totally agreed with your above statement; today I'm not so sure. I really feel like the FED felt violated by Trump and his tweets and comments. Then the FED ...

Cable Update (GBPUSD)

Sorry Wolf but you're about 10 years too late on that claim - every 10 years or so people begin talking like that. Heck they even formed BRICS (Brazil, Russia, India, China and Saudia Arabia; just using memory here so may not be 100% accurate) to ...

Cable Update (GBPUSD)

No this isn't.... If today were a falling knife I would describe it as a butter knife - soft rounded no teeth. In my mind, today is done ATR reached with no additional market moving reports Tomorrow is a full day of talking heads from all the CB's - ...

EURUSD only

Isn't that what prices do? Don't bother trying to make sense of these moves - just stand aside or profit. It may not make sense now but you CAN make money now!

EURUSD

image He's late; coming from Northern Russia to come get some Euro's to eat...

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

Newbie mistake on Green's part; he'll learn or go bust...

EURUSD only

WOW, First time I've written this this year but, (in my honest opinion) 100% wrong! The FED has to KILL JOBS and KILL WAGE GROWTH and KILL HOUSING PRICES. Did you even READ what the wage growth was y/y? 7.8% annual pay increase???? WTF??? With an ...

EURUSD only

There is one factor that I haven't seen mentioned on any of these boards that has the potential to move EU very rapidly - the looming USA budget deadline. This Friday night at midnight the US government needs to pass a bill to extend the USA credit ...

EURUSD only

EU bulls? Really? You mean THESE bulls? image The EURO is toast and it is at the will of the USD - as of now.

EURUSD only

Sorry Green but that smell is coming from the GBP and it's bleeding over to EUR as well. While I anticipate a DXY pullback due to the EU/GU stench it might keep DXY up longer than anticipated.

EURUSD only

What they said! Nicely said. The only thing that I differ with you is on the USD. I believe that it is due for a pullback to the 110 area before making a run at 120 which leads me to believe that EU would go to 0.98 ...

EURUSD

image

EURUSD only

This is a great chart showing how far the USD has come this year. This is my thought process for the remainder of the week: Today marks the beginning of the FED speakers and since there is little on the economic calender I believe that there are 1 ...

EURUSD only

Hey this goes out to the "old-timers" (like myself) who were around when Japan used to intervene in the FX markets. Does anyone remember if the BOE did interventions as well when Soros was messing with the currency? If the BOE did interven, here's ...

Cable Update (GBPUSD)

Ok shorts this is your opportunity - why? I'm going long here (just for today) I'm making the market come to me with a buy at 0.9774 and a stop at 1.1040 and TP 0.98 Based on 1 hour MACD divergence and Fib retracement levels image So since I'm ...

EURUSD only

image Time to rest and digest those "parrotees" image Who said we wouldn't reach that???

EURUSD only