- Oct 3rd ’08 close .77415 (low = .7713);
– Oct 2nd ’08 low .7698;
– Swing low Sept .7801;
– .618 retracement from Aug/Oct high-low = .7682;
– Top of price channel t’line about .7703 today, rising 19 pips per day.
– RSI(14) divergence to price;
– Momentum(14) dropping;
– Stochs(14,3,3) on the verge of a -ve x-over.
I’ve placed a short order at .7682 and will use the September swing low as a stop loss level with a target of .7362.