DislikedHans, for what its worth, I think you're right. Patience & some time will find the price rallying back to the 1.3095 area. That appears to me to be approx. the 50% fib & near the round number as well. I have an order waiting to sell there & also at 1.3150. We'll see. I'm just learning Jacko's style. Hope I'm doing this right!!Ignored
Mark out the area of your chart where you expect the market to go and then wait for the market to reach that level.
If it does not reach that level then wait for the next trade.
If it does reach that level then I wait for a loss of momentum before taking the trade.
(thanks tinybolt)
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Jacko