Disliked{quote} Hi George, Short? I’d like to think it’s high risk shorting at this point even though it’s for swings (my opinion).. It’s past the 15th (half of the month) which means all retraces are probably done and time for continuation. 1.50 is a target but ofcause not a straight line.. Maybe we can get 1.38 this time without little or no reasonable retrace? BTW, what’s your exit point if bears don’t come to play? And what’s your target if bears comes to play? StaySafeIgnored
The risk reward for the remaining part of 2020 clearly gives me a bearish outlook considering that the pair trades close to the yearly top and the distance to the yearly low is 1860 pips as i type.
The short and medium term perspective of 1.2960/1.3010 is limited to year 2020 only which has only 6 weeks left.
As for the long term perspective i clearly see a rise to 1.41 between February 2021 to April 2021, which means i will be looking forward to buying once price drops to 1.29 area anytime from now till early January 2021 for a target of 1.40 area.
Rejections spur me for greatness!!!
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