Originally Posted by
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Zooming in to an immediate future we could clearly find a HS pattern on the daily, there are a couple of potential necklines they are marked in yellow, possibility one calls for a retracement ot a broken neckline around 111.30 which we had just finished, another possibility calls for a slightly greater retracement into 111.60-75. Price action needs to be watched carefully around these levels. Also in the event that you examine the daily there is a hs pattern on the right of the chart, which had occurred. Zooming in to a 15 min we could observe that the 5 corrective waves upward terminated around 111.30. Studying MACD we could observe a negative divergence pointing outside to some retrace to 110.50 region and possibly even stranger into 109.15. I am unashamedly a complete turnaround upon ju reaching 111.60-75 areas, it could go higher. We will see a pullback into the areas indied but that to me does not necessarily mean the correction is finished, for now I'd love to see where the price will be about the 6th and 7th of this week, from the time point of view the correction has a high probability of ending at the moment.
So, to see, I still see aa region of 100 as an immediate goal. Little intraday transactions are potential both ways, note places indictaed. Will begin building up short rankings greater than 111.30 all of the way around 113.60, stop just above 116.
Will post Gu analyses in a few hours, and then we will attempt to put it all together to get the maximum advantage of carry trade readjustment on the geppy.