Disliked{quote} Hi Guys, Price action has been more than I can fathom for a Monday and more so a bank holiday. I had my sell trade taken out for 25 pips, I have one buy trade which is serving me well. I have added more sell trades. All locked in. We are above 1.39000 and I would like to think that this upmove is with thin liquidity and we can get back below for my cyclic down move, 1.39000 is crux now. Trade safe, Cheers. {image}Ignored
I have one surviving sell trade from yesterday with the other 2 taken out for small profits. There are positive little signs for me that we could slip back into a cyclic down move. I have a trade open from my daily pivot and locked in. As long as we stay below 1.39000 I could look to add short trades on 4hr bearish confirmation candles.
I like to go back to my weekly timeframe to get a bigger picture. From what I can see is that we could be at an inflection point and if 1.38000 gets broken convincingly we could have a nice swing to the downside and I have been talking about this for quite a while now. If I look at my weekly candle wicks there seems to be quite a bit of bear pressure over the past couple of weeks. Nevertheless, these swings are not easy to trade and there could be a lot of erratic moves in either direction before the real move starts.
Trade safe
Cheers.
Trade to trade another day
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