DislikedConsidering the risk is to the downside, I'm only playing short positions (Oh big surprise I think you'd faint if I said I was long )
So, I am currently short at 1.2300 from this morning and I have two sell limit orders. One at 1.2360 (moved down from 1.2380) and one at 1.2420 (last area of strong support which should now provide equally strong resistance and is also the neckline of the H/S pattern which has yet to be re-tested).
E/U H4
AttachmentIgnored
You are right, the fundamentals have not changed and the risk to the down side is real. I am just playing the correction for 50 to 100 points and maybe I should have closed my position when it hit daily pivot and bagged that 50 point.
My thought here is I'm hoping earning season will disappoint wall street and move the US$ down. My take profit levels are also my sell limit orders.
Draghi is speaking in a few hours and I may change my stance based on what he says.
I observe your reality but live my own.