I was out Today, only traded until 1.5520, but I left a Sell limit at 1.5492 closed already at 1.5450.
Closed too my short from 1.5616 TP 1.5460.
And Now!
I think there is more room to drop, Bottom Trendline around 1.4970, but very tough to reach here without a new long ride.
My favour strategy remains intact:
Short when you see 60/80 pips up move, but wait only one more drop to follow this strategy, because then you can be caught with big up moves of around 200 pips.
1.5516/26 it is a possible level to entry, but more safe only around 1.5585.
This strategy it is very basic when it drops wait a up move to enter but only until you have in your head the number for a possible bottom, then you must be more careful, my bottom it is at 1.5350 so I have more room to short!
But to go long use Tight SL until Bottom Trendline level, if you enter at 1.5350 it can drop to 1.52 or 1.50 without any significant up move.
Good Luck Guys!
Closed too my short from 1.5616 TP 1.5460.
And Now!
I think there is more room to drop, Bottom Trendline around 1.4970, but very tough to reach here without a new long ride.
My favour strategy remains intact:
Short when you see 60/80 pips up move, but wait only one more drop to follow this strategy, because then you can be caught with big up moves of around 200 pips.
1.5516/26 it is a possible level to entry, but more safe only around 1.5585.
This strategy it is very basic when it drops wait a up move to enter but only until you have in your head the number for a possible bottom, then you must be more careful, my bottom it is at 1.5350 so I have more room to short!
But to go long use Tight SL until Bottom Trendline level, if you enter at 1.5350 it can drop to 1.52 or 1.50 without any significant up move.
Good Luck Guys!
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