Waiting for pending sell limit order at: 1.2061 to get activated.. Stops should go a little above 1.2086..
{quote} Closing order with +12 pips here at 1.2049.. Calling it a day folks.. Hopefully I continue tomorrow.. Trade safe.. Cheers
1oclock candle shows the truth
My last post for this trade for the next few hours: My final analysis tells me the long term trend is still short but we're in a potential long term pullback phase, if I get stopped then so be it but I will look to re-enter short or just flat out hold my short that's up 50 pips (although the max pullback I have is to 1.21258) Image 1 (4h) shows that price barely missed the obvious support levels by a few pips. To me, that means either we will revisit it soon (which would make a perfect long stop hunt), or that when we actually visit that level again...
Rode the previous support line as expected, not sure where the rebound will happen but it will happen after this down leg most likely, and I expect this to be a rather long leg. Maybe 1.19822? Hoping this will shatter 1.202-1.2025 support 
{quote} Noooo you missed the drop
{quote} Doubled Postition once price bounced back to 1.2055 Stops above spike from earlier today 1st entry- 1.2064 2nd entry 1.2055 Exited- 1.20365 +46 pips Still think it may break through, but seems tough to break through that current support of 1.203 Waiting for retrace to 1.2055-1.206 to re-enter for same trade.
My trading style is more swing trading than scalp. I don't ilke how price bounced off the previous resistance as support now, I expected it to crash underneath 1 more time. If price manages to break above the lows of the range before it fell, I will be exiting my short.
{quote} The drop is officially happening with this M pattern
{quote} I think you mean 26 cause the math on that is wrong
{image}
