I think this pair still has Upside momentum. But if I'm wrong there's my SL to stop me there. Here's my view and trade on this one...
Happy Pipping!
Happy Pipping!
"Think Different From The Masses"
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Dislikedyes, the projections have different ratio's than the corrections.... . . there's a better method though.....than looking at impulse or correction. more in a minute....Ignored
DislikedSpeaking purely long-term as it's not worth it trading this pair in it's current state: I'm looking to start building a long-term short here. The RR to the top of the Monthly supply zone (197.4) is good compared to the possible downside. 159-165 is a realistic goal for a year-year and a half from now On the other hand a break and close above 197.4 will open door for some nice moves up to 211, as long as it's not a bull trapIgnored
Dislikedheavily short to 188-189 (daily, fibo 50%) sl recent heights 196 entry sell stop also all the way down is anybody with me?Ignored
Disliked{quote} i wish i still had the picture of the long term trendline that goes back years. this pair has been on a never ending elevator ride it seems. that said not sure i would look anywhere short long term with this pair. im tired but i will try and go back maybe tomorrow to find the pic for you. maybe it was scott who first posted it cant remember but i love looking at it every few weeks to remind myselfIgnored
DislikedChannels and trend lines seem to get moved around all the time to 'suit' but there's always one line that never changes. {image}Ignored
Disliked{quote} That's only 4 years. It's nothing in the grand scheme of things as you can see in the 22-year history aboveIgnored