Disliked{quote} Today is the 15th of November which is the mid point of the 4th Quarter and we touched 1.200000 and my target at 1.1956. Is this a coincidence or what. Do we retrace back to 1.16169 or continue above 1.20000 for a nice Xmas rally towards 1.25000?. We could retrace from here for a try up later. We shall see. Time will tell. Have a great day, Cheers. {image}Ignored
I really have to bring this in seeing that I am trading medium to long term. Every retrace can be seen as a buy opportunity. We have the 20th of this month to go to month end where we could see a retrace to 1.16169 ish. We have one and a half months to go to year end. From a monthly perspective it does not seem unrealistic to retrace to my 50% Fib retrace at 1.12308 ish and that exactly over a 2 year time span. Could we see this towards year end? Somehow this seems doable. A weekly or a monthly close above 1.20000 does throw very good hints.
Trade safe.
Cheers.
Trade to trade another day
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