Disliked{quote} No my friend. Yesterday low and last weklow is broken. Trend line is is broken. I should move my tp lower . I will leave it at 1.31219 and wait for lo for another set up for sellIgnored
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Disliked{quote} No my friend. Yesterday low and last weklow is broken. Trend line is is broken. I should move my tp lower . I will leave it at 1.31219 and wait for lo for another set up for sellIgnored
DislikedWait price touch that red line, that is good time to open long {image}Ignored
DislikedWait price touch that red line, that is good time to open long {image}Ignored
Disliked{quote} The pair can surge to 1.3250/1.3320 area next, you may consider taking off your short and re entering at a higher level.Ignored
Disliked{quote} 1.32 possible if difficult. 1.325 problematic. 1.33... very unlikely in my view. We are not trading in a vacuum, real-life political developments are important. I can't see many buyers with the current EU-UK tension escalation, and technical flows can only take you so far.Ignored
Disliked{quote} My medium term view of this pair is 1.2870 should be seen but it can't go in a straight line. After 360/380 pips fall from high, it often retraces by 200/230 pips before bearish continuation. You may check April 30 to May 8 and June 10 to June 16.Ignored
Disliked{quote} I don't doubt that it has happened in the past, as it is a normal technical pattern. But patterns may or may not apply to current situation. This week's focus is Brexit. So we can advance higher if there is good news on Brexit, or if there is no news, and we advance on dollar weakness. But good news are nowhere to come from, and dollar is not showing weakness right now. Bad news, on the other hand, will continue to pile up. We will see retraces of course, but I doubt we can rally for 150-200pips.Ignored
Disliked{quote} I don't doubt that it has happened in the past, as it is a normal technical pattern. But patterns may or may not apply to current situation. This week's focus is Brexit. So we can advance higher if there is good news on Brexit, or if there is no news, and we advance on dollar weakness. But good news are nowhere to come from, and dollar is not showing weakness right now. Bad news, on the other hand, will continue to pile up. We will see retraces of course, but I doubt we can rally for 150-200pips.Ignored
Disliked{quote} I don't only base my observations on past happenings, I also consider technical levels to buttress my view. I'm heavily bearish on this pair to 1.2870 but some mini bounce will definitely happen along the way with or without brexit saga.Ignored