selling is a bad idea ....
here is the reason why ...2 ultra high volume down bars noted ... 1.3630 is key now but also 1.3600
If the nfp day was sellers why the hell did we end up ONLY 40 pip under Thursdays lows on ultra high vol...common sense really
Buy dip Unless Fridays lows taken out , liekly target by end of Monday (Tuesday start London ) is 1.3700 to 1.3750
shake out under Thursday low that already had potential stopping now we are above that in asia .. look for testing 1.3600 in London for move back to 1.3700
here is the reason why ...2 ultra high volume down bars noted ... 1.3630 is key now but also 1.3600
If the nfp day was sellers why the hell did we end up ONLY 40 pip under Thursdays lows on ultra high vol...common sense really
Buy dip Unless Fridays lows taken out , liekly target by end of Monday (Tuesday start London ) is 1.3700 to 1.3750
shake out under Thursday low that already had potential stopping now we are above that in asia .. look for testing 1.3600 in London for move back to 1.3700
Dislikedyups, it's not a bad place indeed, but bare in mind that if you take that price, you have to expect drawdown up to 3720 area. If you don't mind that, well i guess it's ok, but to me, better wait first, at least enter at about 3660.. at least that will minimize the drawdown, better late than sorry.. IMHO.
It's ok if you miss the train but definitely not ok if you find you in the wrong train. Cheers.Ignored
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