Ok thanks! But you would not short until your long limit is reached because you switched to bullish?

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Hey Ata, thanks for your chart! So where are you looking to buy?

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But the rates markets already prices 75 BP by nearly 100%, so it is set to happen.

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My best guess is that it will undershoot the big downwards channel by a few cents before reentering and leaving to the upside. I.e. 0.93 or so should be in the cards. Only major obstscle in my view is 0.98 region.

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Many thanks, makes sense! So in case we drop lower 0.9980 would be a major resistance for the bulls I suspect. Let's see what the PMI does.

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May I ask why do you put such an emphasis on a single touch? I mean normally there is always the possibility of a false break, why do you assign this probability a very low number in this case? Just for me to understand.

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Now we're there, let's see of 9.9980 falls.

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Thanks bro, so you mean if we reach this support again, which held several times, then it will break.

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How about 0,998 region?

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Ah ok I thought it was a buy zone as you made it green

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Thanks, but why do you call it manipulation box instead of aggressive buy box or so. Do you want to give credit to robber bank tactics of price manipulation?

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What is a price manipulation box if I may ask? Sounds kind of fancy, but not sure what is supposed to happen within this box

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Covered some shorts to reopen higher if possible.

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Also wondering which numbers you refer to, GDP growth was positive, so there is no recession yet. You mean you forecast a recession based on the fact that the gas pipeline has stopped operating?

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image

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Same chart as this morning, ready to break now after a few more fakes to the upside...

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Fake here fake there. In the end it will resume the down move without marking a new high.

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Imho today was just some bank holiday stop-loss hitting. Tomorrow we'll probably be back where we started this morning.

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In my picture we will test 0.98 next. If it does not hold on a daily basis we will go a few cents below 0.96, not clear yet how much but it could be as low as 0.93 before we see a furious rebound.

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Not yet, don‘t lose it to fomo

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