sisse,
I have a trade open at .0958 and the one open since Dec 3 at .0800. I was looking at closing them at .0735 and reloading at .097x and possibly 1.094 (Strong resistance on my MAP). However, I am not sure if we will get a big bounce off of .0735. If so, it may be 50/70 pips which would then put my FLIP (.0808) area in play for a reload SHORT for a MID TERM play.
I also see KEY LEVELS in the DOLLAR as well. 102.xx, 104.xx and 106.xx. Is it wrong to look for inverse/correlation to EU/USD at these levels as well? I think you cites something regarding this as well. Dollar 104 to EU being .98; if so, perhaps 106.xx opens EU to .82. Just thinking out loud and showing my ignorance!
I have a trade open at .0958 and the one open since Dec 3 at .0800. I was looking at closing them at .0735 and reloading at .097x and possibly 1.094 (Strong resistance on my MAP). However, I am not sure if we will get a big bounce off of .0735. If so, it may be 50/70 pips which would then put my FLIP (.0808) area in play for a reload SHORT for a MID TERM play.
I also see KEY LEVELS in the DOLLAR as well. 102.xx, 104.xx and 106.xx. Is it wrong to look for inverse/correlation to EU/USD at these levels as well? I think you cites something regarding this as well. Dollar 104 to EU being .98; if so, perhaps 106.xx opens EU to .82. Just thinking out loud and showing my ignorance!