In 34 min Update: Trump to be released this evening (EST)

Scary and risky to be long

I have also been eyeing a possible long entry there, but support in the 1.1750s is holding well.

Depends on what "full rebound" is ;-)

Definitely higher than 1.1840. Looks like it could go as high as 1.1925.

Bullish Bat on 60M. It's not easy to trade with this volatility, but I have a small long position from 1.1797. Target is 1.1840+ image

If you are a long term swing trader, I agree. For shorter term traders, even the 4H has been in an uptrend since Aug 12. Resistance is at around 1.1900. I'll be watching for whether we get a triple top there or break through. I'm long now.

Dude, here's a clue. It's a very clear uptrend. It's approaching a possible resistance zone, but short term, it's up: image

Bought 1.17171 based on extreme distance from the mean on the 5m chart SL= 25p TP = Open

Stopped out

Moved SL to BE. TP almost reached, but resistance was encountered at daily pivot (1.1757)

Bought 1.1738 based on extreme distance from the mean on 30m SL = 30p TP = 1.1760

Moved stop to +10p and moved TP to 1.1850

Bought 1.18275 SL = 25p TP = 1.1860

I'm also still bullish, but I'm keeping in the back of my mind the reasons for being cautious. See chart below: image Very short term, I'm looking for selling in the range 1.1925 - 1.1960 for scalps.

When everyone is bullish, what should one do? If one subscribes to the contrarian method, one sells :-)

I have similar thoughts on the near term outlook. The risk to traders is that with current volatility, any short positions need to have large stops.

First target reached! Doesn't look like the second target will be reached until next week

Bought 1.1770 based on extreme from the mean SL = 20p TP = First target 1.1800 Second target 1.1830

We know