Current Fibs In Play 9.28.10

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Bigger Picture

When we break our charts down to smaller time frames, our minds tend to forget where we stand in the bigger picture. This chart hangs above my computer to remind me where we are relative to where we have been…  which enhances my decision making process. 

Sunday Night Chart Looking at Value

Doji on the 4hr at 161.8%

ABCD….EFG?

No Bears Here.

I don’t see an opportunity for the big bears to take this lower on the longer time frame.  I will watch daily price action to verify acceptance at the higher value…

Sunday Night Charts EUR/USD

Short Term

Long Term