Woke up in time to watch the last 2 flights playing from hole 15 till eventual 76th US Masters champion Bubba Watson beating Louis in the play-off!! It was such a pity that Phil Mickelson hit a triple bogey Par 3 in the front 9. The 2 widely expected winners ended in a tie..... Tiger Woods and Rory McIlroy 5 over. I may not be able to chart Tiger's game but with 4 days of the worst swings on the Augusta course and ended only with +5, the rest of the field will pray hard he doesn't get his rhythm back.
Ok, enough of golf.... back to the market. Liquidity should continue to be sub-optimal for today. Target for E$ remains at 1.28/2700 but for now, we should see some consolidation with risk/reward favouring buying dips for now.
Downside momentum has waned and suggest counter directional correction for the next 24 hours but first with a potential retest of last week's low at 1.3035.
1.3000/10 to hold (1.2950/60 news induced) and 1.3120/30 to cap.
Try not to be overly aggressive on the long side until more signals to support a stronger short squeeze.
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| E$ Head and Shoulder Formation |
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