Disliked{quote} True... Usd index has broken a key resistance area; Euro last line of defence is the 200 sma and usdjpy seems to be recovering well too.. The upper wick on the 4 hr seems to have mitigated the lower wicks which signaled longs the past couple of days... We might see a retest of the lower band...but then again with us data coming out today, plus the ukrainian vote I would still be out and wait for direction... otherwise that 1303 short play with a tight SL seems to be like a good trade at least till the london session...Ignored
Usd index has seemed to reverse for the time being; whilst gold is sitting on 50% fib level support for a considerable time...
Good chance that the market can go up from here... Have to wait and see if the Fib level holds. I would still be out!
* there is hidden bullishdivergence on the hourly charts as well* EDIT -- Actually it is not a pure divergence as CCI or RSI are not matching with Stoch divergence