The crazy bull happened on Thursday 10/13 was mainly driven by Wall Street.
I gained a lot that day, but also lose some on bull-trapped long positions.
There're still some open long positions, not sure how long and how much "Wall Street rally" will extend.
They a little messed up my TP set up , now all I can do is protect and observe.
This forecast article can be taken as reference
GBP/USD Forecast: Has Wild ride for Thursday Session
Below are quotes
However, it’s obvious that momentum and a bear market rally has commenced. Any signs of exhaustion open the possibility of a shorting set up, as the US dollar should continue to see plenty of interest.
If we do break above the 1.15 level, then I will be paying close attention to the 1.20 level, which is where I would assume that the trend has changed if we can get above there. I do believe now, this still remains a “fade the rally” situation given enough time.
I gained a lot that day, but also lose some on bull-trapped long positions.
There're still some open long positions, not sure how long and how much "Wall Street rally" will extend.
They a little messed up my TP set up , now all I can do is protect and observe.
This forecast article can be taken as reference
GBP/USD Forecast: Has Wild ride for Thursday Session
Below are quotes
However, it’s obvious that momentum and a bear market rally has commenced. Any signs of exhaustion open the possibility of a shorting set up, as the US dollar should continue to see plenty of interest.
If we do break above the 1.15 level, then I will be paying close attention to the 1.20 level, which is where I would assume that the trend has changed if we can get above there. I do believe now, this still remains a “fade the rally” situation given enough time.
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