mlawson71 Posted November 29, 2021 Posted November 29, 2021 It bounced off from 1.1325. I think the correction may take the form of a sideways consolidation, for now at least.
mlawson71 Posted November 30, 2021 Posted November 30, 2021 Much as I thought the correction would go sideways, at least for a little while, the pair aimed straight up. The closest target is around 1.1400, I think.
mlawson71 Posted December 1, 2021 Posted December 1, 2021 It's consolidating sideways again, I am not opening any positions when it is this undecided.
mlawson71 Posted December 2, 2021 Posted December 2, 2021 It continues consolidating sideways on the smaller time frames, but on the weekly time frame it has formed a distinct hammer candlestick at the support at 1.1185 so we may see a significant move north eventually.
mlawson71 Posted December 3, 2021 Posted December 3, 2021 Nothing much happened today. Hopefully the consolidation will end next week.
mlawson71 Posted December 5, 2021 Posted December 5, 2021 I wonder whether we will see a move north next week.
mlawson71 Posted December 6, 2021 Posted December 6, 2021 It formed a pinpar on the weekly time-frame too, between that and the hammer cadlestick at 1.1185 I'd say we'll be seeing a move north soon.
mlawson71 Posted December 7, 2021 Posted December 7, 2021 It's testing the support at 1.1240 despite the two bullish candlesticks on the weekly time frame, a possible breakout could lead to 1.1100.
mlawson71 Posted December 8, 2021 Posted December 8, 2021 It rebounded from 1.1230 but it is not clear yet whether the move south is over or it is just part of the correction.
mlawson71 Posted December 9, 2021 Posted December 9, 2021 Consolidation continues for now. By the looks for it that may not end this week.
mlawson71 Posted December 10, 2021 Posted December 10, 2021 The consolidaton probably won't end this week after all. If it stretches into the holidays it may stay like that until next year.
mlawson71 Posted December 11, 2021 Posted December 11, 2021 Let's see whether the consolidation will finally end.
mlawson71 Posted December 13, 2021 Posted December 13, 2021 It still remains very undecided. We are probably looking at another week of range.
mlawson71 Posted December 14, 2021 Posted December 14, 2021 It's still consolidating. I've closed all positions and I am waiting for the consolidation to end.
mlawson71 Posted December 15, 2021 Posted December 15, 2021 As I thought, the consolidation continues. It may really stretch toward the end of this week.
mlawson71 Posted December 16, 2021 Posted December 16, 2021 As I though, the pair is stuck in the sideways consolidation. I think at this point only scalpers can make use of it.
mlawson71 Posted December 17, 2021 Posted December 17, 2021 It dropped back toward 1.1270. It's stuck roughly betweem 1.1360 and 1.1210.
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