I didn't trade it last week, came close to putting in a Short which until it made that nice run to the upside late last week would have worked out pretty nicely for me.
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DislikedI still trade this pair, and i open long position for this pair, i just take an advantage from this pair low level, sjnce i believe this pair will be back to 1.06xx level again. I trade weekly/monthly so i just put long from 1.0250 and leave it.now my open position is allready closed, and i open another position at 1.0439 my next target is 1.0550.
This thread is very quite. Where is the others????Ignored
im pretty much level and range trader so mu chart is very simple...
this is what im looking for this week
1. average weekly range is 260
2. UC broke the upper triangle and suggesting a strong up trend
3. A is the low of the week so far
4. B is important key level ( resistant is slightly lower but i prefer murray lines and it is personal thing)
5. Breaking B wil bring to C that is a suggested weekly top for this week (A+weekly range =C)
6. im in long right now and will only go for short at point C if combine with good divergence
This is my current opinion and as always opinion might change based on scenarios
"Possible" todays scenario
1. With GJ and EJ move upward UC favorably move downward
2. Point A is suggested weekly top for this scenario
3. Downward move will bring to strong murray pivot point at point B
5. Suggested weekly bottom is point C (A-Weekly Range= C)
* 1.0440 is also support line
Opinion will change based on scenario