Loading ...MA May 1 Update – and my thoughts
So MA believes that the euro is going to backtest at 123 creating a false move in May before the markets get obliterated ahead of the next significant market turn back upwards.
To me the current action in the euro looks more like a bottom reversal than a weak bearish backtest set up. I’m looking for 140 levels instead before a reactionary move and this rise to continue into 2017. Let’s just see what happens and trade that.
Appreciate all your posts Mark.
Sure…I always like contributing. Q1-2016 was very time consuming at the day job but I have a bit more time to come back up for air now and look at charts. These are interesting times.