I LLLLLOVE this pair! lol
2 shorts running. waiting for the 15m-1hr abc retracement coming sunday evening to add to my shorts. I bought 129.4 with two limit orders for a short 30p long scalp when it hit 129.4 today because it was just too tempting. I knew we had trouble getting over it to go up, so we would most likely bounce off it the first time we got back to it. We are on the second hit, but I strongly believe it will take 3 tries to break to the downside, IE after the small ABC coming. Depending on the close will see about it going back up. I however see us being bearish for the next week at least. This is due to something I have noticed which is that the Thursday night the week before FOMC price tends to start showing a tell. Whatever direction it has started in on this night it usually continues doing through to the next Friday. I believe we will hit support next week, (possibly off FOMC presser), and then finish our trip up to hit the monthly higher high. From that point on I will consider us bearish on the higher time frames as well as the lower, and will look to FOMC rate hikes to help the market retrace until the next hell on earth hits us.
2 shorts running. waiting for the 15m-1hr abc retracement coming sunday evening to add to my shorts. I bought 129.4 with two limit orders for a short 30p long scalp when it hit 129.4 today because it was just too tempting. I knew we had trouble getting over it to go up, so we would most likely bounce off it the first time we got back to it. We are on the second hit, but I strongly believe it will take 3 tries to break to the downside, IE after the small ABC coming. Depending on the close will see about it going back up. I however see us being bearish for the next week at least. This is due to something I have noticed which is that the Thursday night the week before FOMC price tends to start showing a tell. Whatever direction it has started in on this night it usually continues doing through to the next Friday. I believe we will hit support next week, (possibly off FOMC presser), and then finish our trip up to hit the monthly higher high. From that point on I will consider us bearish on the higher time frames as well as the lower, and will look to FOMC rate hikes to help the market retrace until the next hell on earth hits us.
Don't compare your trades to others. Most often the masses are the asses
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