DislikedGBPUSD, the trend is bullish above 1.36. I'll keep an eye on 1.3675, 1.37, and 1.3750. {image}Ignored
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DislikedGBPUSD, the trend is bullish above 1.36. I'll keep an eye on 1.3675, 1.37, and 1.3750. {image}Ignored
DislikedEURUSD, short trade. It seems like a H&Sh pattern on H1. Let's see if that's the case. {image}Ignored
DislikedEURUSD, short trade. It seems like a H&Sh pattern on H1. Let's see if that's the case. {image}Ignored
DislikedEURUSD, the bias remains bullish above 1.22. But I'll keep an eye on that TL. If EU breaks below that TL and we see a daily close below 1.2150/1.22, that will open up 1.20. {image}Ignored
Disliked{quote} EU is testing the TL I pointed out earlier. Let's see how it reacts.Ignored
DislikedEU needs to break blow that TL and 1.22 today or on Monday, otherwise it may go up again. S @ 1.22, 1.2150, 1.21, and 1.2075. {image}Ignored
Disliked{quote} Excellent work S. Very interesting to see today's PA and perhaps key reversals ahead of new years day. It is a probably good idea for everyone to watch positions before the close as there might be some violent moves on the open. Although unlikely, I can see potential for pairs like AU / NU / GU to get an absolute clattering, perhaps some kind of black swan circuit breaker style move. The USD is seriously oversold and pairs are touching into MN supply levels. Anyway, all the best and have a great new year and back in a month, from the quarantine...Ignored
Disliked{quote} Thanks C. I agree. This may be the beginning of a major correction. But it's very early to say that. and EU is the only one tanking atm. GU is holding up pretty well and other majors are doing some minor corrections. I think EU drop might be due to the end of the year profit taking as large institutions have been heavily long EU. Wishing you a happy, healthy New Year! New year, new adventures! Have a safe flight to Thailand.Ignored
Disliked{quote} Cheers S The black swan thought is highly unlikely. If anything we can get a solid pullback and we can rejoin these trends. This has been a great 2nd half of the year (thanks to this thread). The focus for 2021 will be heavily on trend following and bit less on the counters and 2021 should be even better. Perhaps 80% trend retracement trades and 20% counter reversals would be the ideal formula. If anyone has ideas how to get the mind to fully focus on trend trading I am all ears. Have a great one and all the best for New Year!Ignored