Disliked{quote} Anyway Folks, Took another sell trade at my daily pivot at 1.36328 s/loss 30 pips. Cutting it fine and I could be wrong. I will lock in as soon as possible. Trade safe, Cheers. {image}Ignored
A lot to think about as we go into month end volatility coupled with Fomc on Wednesday. Currently I am getting mixed signals from a daily perspective with slight bullish hints.
My future weekly pivot (blue horizontal line) is at 1.37000 and as pivots attract I can be reasonably confident for 1.37000 to be tested. Here's the thing though, I will be monitoring very closely for a daily break below my weekly pivot for bearish continuation.
If 1.37000 holds I will be looking for a Daily candle break above my descending trend line (grey) which could also be the start of a new bullish cycle and I could be looking for buy trades on full bullish confirmation signals. Not the ideal scenario, as my mind is telling me that we should correct much lower for a decent retrace before going up. I have to follow my system nevertheless and judging from the various comments and views here it is pretty clear that there is an even split between bullish and bearish views.
A tricky week ahead indeed and the best advice I can give is Patience and more Patience.
Have a great week,
Cheers.
Trade to trade another day
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