I have been shorting GU from 1.627X and I understand where the short term trend is/was heading. This could very well continue.... I am just not in a position at the moment -
So I am looking to profit on certain short term moves within the current PA and will be ready to re-enter when the time comes. We could easily go lower with another 100 to 150 pips - but can not enter where we are right now - that would be too risky for me.
So - I agree with you - I will likely change my mind a bit further down the line, but I am looking for a few long scalps on EU and GU in the interim.
When they show themselves - that is.
Oh forex...
All the best with your positions for the coming week. Keep posting those charts. Interesting reading they make.
Regards