Good day all,
Nice to see this lively place again.
Have continued getting into trending trades. For my longs I have been exiting at BE, reentering at new key levels for continuation.
For the last 2 weeks days, the price has generally been in such trending mood that following an hourly channel could have brought in some profits.
Friday has put an end to that. Ranging trades for 15-30 pips both sides, leaving longs open. Scalping both ways.
Beware bulls. Bulls have not shown any force yet and price has been discretely building up momentum for a potential downfall below 1780. Have an intraday countertrend bear trade ready below 1813 if momentum continues build up.
A push above 1825 soon will keep it in this range and put the ball back in both camps for a tug of war that could last a while.
My long range trades above 1825 will have its SL moved to BE the second usual TP (1844) is hit, longer-term bull trend still having more potential.
New failed attempts around 1865 will give another great opportunity for a sell
All in all, should be another exciting week, expecially if doesnt get stuck in this range too long and keeps on moving as great has it has!
Happy trading all !
Nice to see this lively place again.
Have continued getting into trending trades. For my longs I have been exiting at BE, reentering at new key levels for continuation.
For the last 2 weeks days, the price has generally been in such trending mood that following an hourly channel could have brought in some profits.
Friday has put an end to that. Ranging trades for 15-30 pips both sides, leaving longs open. Scalping both ways.
Beware bulls. Bulls have not shown any force yet and price has been discretely building up momentum for a potential downfall below 1780. Have an intraday countertrend bear trade ready below 1813 if momentum continues build up.
A push above 1825 soon will keep it in this range and put the ball back in both camps for a tug of war that could last a while.
My long range trades above 1825 will have its SL moved to BE the second usual TP (1844) is hit, longer-term bull trend still having more potential.
New failed attempts around 1865 will give another great opportunity for a sell
All in all, should be another exciting week, expecially if doesnt get stuck in this range too long and keeps on moving as great has it has!
Happy trading all !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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