Disliked{quote} Hi GEfx I was trading E$ last night and was watching the bankers load up long at 1.1795 for about 40 minutes so I expect a bullish week next week. Interesting when they closed for the week, it ended exactly at their accumulation area so perhaps a base they will work of next week. For E$ lovers like myself, it was a week to consider a bullish bias ahead is on the cards and a trading week where a holiday was more useful option than trading aggressively the small time frames like I do. Next week I expect fireworks with E$ so hold onto your...Ignored
I was involved with the G$ and E$ today. After yesterday, I was ready for a continuation to the down side in the G$, but it showed a clear sign of a reversal this morning and I got two buy trades in by 5:10 PST, and rode them until the end of my second to the last target. The E$ was exactly the same, in direction and timing. Two trades entered at the same time as the 2 G$ trades, and they ran up within 2 pips of my top target. The entries were at 4:10 and 5:10 am PST, so if you have any notes from your trading at that time I'd love to hear about what you saw then. And it is very interesting regarding your observations about their actions at the top of the moves.
I have a lot of chart work to do this weekend. I took a quick look at the G$ Day chart and I think a case could be made for that pair being in a big range, of course with room either direction. The E$ has me very intrigued right now, since it retraced to 50% of the last leg down, and now sits in a very interesting place. Hope to chat more this weekend.
As for the EJ, it has a little room to a bottom but where it goes from there is a question. Maybe I'll have a better view later this weekend.
Take care and have a good weekend!
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