Disliked{quote} Hi Guys, Even though there are early signs that they might want to push price down again I would be very cautious at this point. A perception is created and shorts are trapped pushing price up a few hundred pips. Sometimes it happens where you can get in on the perception and get lucky and sometimes not. Which makes swing trading difficult. At this point I am waiting for proper confirmation before I get into shorts. My weekly pivot at 1.09804 remains a point of interest and could act like a magnet. I will update during the course of this...Ignored
Short confirmation for me and sell trades opened. I closed most of my long earlier today. I will close my sell trades if we bounce back up off my weekly pivot at 1.09804 and if we break back up above 1.10000 and back above my descending trend line. This sudden drop is a bit suspect but nevertheless I have to go with my system.
All the best
cheers
Trade to trade another day
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