KR in early August rose from its usual range into a head and shoulders from which
it trended down into its present lower base. I see this as a good setup for a long
trade to reach to and possibly beyond the mid Fibonacci retracement levels also
confluent with horizontal R/S lines drawn from the pivots to the left. I will take
the very safe long trade taking...
LONG-TERM Buyers around 1.3500 were in great loss previously! psychologically most of them will close their long orders around the place they have entered! Shorter term buyers seen their SL hit!
The broken OB- was a great liquidity hunt trap for traders with small SL.
NOTE: FOMC members Bowman and Harker speaks could have almost small effect on market. follow it...
