DislikedVery interesting. What are your SL and TP, if I may? I would never think of taking short at this point.... (I've been waiting for the PA to Fib76 & 107.00, but I'm not sure now seeing UJ just turned around at Fib 76=82.50)
Sorry, but I'm just so curious the way you tradeIgnored
I agree with you, it does look like catching a falling knife. Not the type that I would take up normally. I will exit early if I see completed 4hr candles opening and closing above the TL. Will re enter on FE 161. Just looking at now I may exit early,it
My entry point is around 1.06. SL is about 50 pips, but will monitor closely. TP is way down the channel, but will also monitor and will exit early depending on indecies as well as FE when down wave is confirmed. If you have a look at Japan 225 you will see similar pattern in the index. I have a short order at 9467 on it that hasn't hit yet. The hype is all about the election and the new leader and his policies. Either way whoever gets elected yen will strenghten in the short term.
I take many aspects into my trading. Technical and fundamental for short term trades as well as entry and astrological aspects for longer term and profit taking. What I post is mainly the trade with a chart and entry point. I do send my point of view via emails to a few traders on FF and we discuss by the end of the week
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