Proud honor to read Jimmy Rogers published an article last night on how anyone should’ve seen the Chinese Yuan devaluation long coming. Again I operate far ahead of the crowd even the best out there. To bad for the retail guys with famed names and called analyst, “My Little Boy Weller” is the latest from that cabal.
EUR/USD last night saw target lows 1.1063, I said 1.1067, off my 4 pips. Highs were 1.1117. Note 1.1117 was one of my special points. NZD/USD saw lows 0.6531, I said watch target 0.6524. Highs were 0.6556, also a special point mentioned.
EUR/USD. Bottom 1.1044. Range break above 1.1112, below 1.1086. Ranges extremely tight, its what they want. Strategy: Longs above 1.1100 but need a break of 1.1112 to get moving. Points above 1.1112, 1.1113, 1.1126, 1.1133, 1.1140, target 1.1171. May not be seen until later this afternoon. Below 1.1100, shorts to target 1.1072 but the range point at 1.1086 must break. Target overall is the Bottom 1.1044.
Brian Twomey, Inside the Currency Market, btwomey.com