Short Term Long After Spectacular Liquidity Flash Crash
Updated
Structural support confirmed from earlier assessment in related idea.
Long entries for possible retracements can be considered at spot at time of posting or below 70.40 levels with stops covering recent low of 69.50 for posted targets on charts
Systematic risk factors still in play around key global events therefore long carries still not suitable.
Still bearish for mid term outlook until Q2 2019 with mid-long term bullish bias contingent on risk events.
Long entries for possible retracements can be considered at spot at time of posting or below 70.40 levels with stops covering recent low of 69.50 for posted targets on charts
Systematic risk factors still in play around key global events therefore long carries still not suitable.
Still bearish for mid term outlook until Q2 2019 with mid-long term bullish bias contingent on risk events.
Note
TP1 reached
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