Replies to post #76840 on Simple's Green Room

[simplegreen]

I agree villas...looking at the longer term chart it appears as I said that a large drop would be soon be in the cards..but also as I said the shorter time frames show nothing but relentless buying...a reversal and/or weakness on the shorter time frames must precede longer time frame reversal and/or weakness..a 4 hour candle is simply 4 one hr candle..etc.With just the right news that 4 hr tech condition could well be met with the selling that soon should occur...but in lieu of news I see no stopping this bullish rampage on E/U.
Well...there is one thing...the G7 folks might halt the yen advance as long as repatriation buying is going on...stabilizing the yen is of utmost importance now IMO...otherwise the dollars going down and yen's going up and of course E/Us going up as well.A pair once set in motion remains so til something disrupts that motion and direction.Most trends last a lot longer than most traders seem to realize til they go broke trading against it!