last sell
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- #220,247
- Jan 6, 2026 9:42am Jan 6, 2026 9:42am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts | Online Now
Focus only on what truly matters!
At least down to 1.16600~ and then we will see how bulls react to that area
Once any bullish attempt to push higher gets sold off almost immediately, price can slip into free fall at any moment, in that case, 1.1640 to 1.1630 would be easily achievable. That said, current price action is rather sluggish, and the decline is unfolding in a more orderly, controlled manner.
For that reason, I plan to close my short around 1.1675 and then reassess how price behaves from there. However, if we suddenly see a sharp sell-off, I’ll monitor how far it extends and let the short run. I’m simply reacting to whichever scenario plays out first then reassessing from there or I'll get stopped out at 1.1712.
For that reason, I plan to close my short around 1.1675 and then reassess how price behaves from there. However, if we suddenly see a sharp sell-off, I’ll monitor how far it extends and let the short run. I’m simply reacting to whichever scenario plays out first then reassessing from there or I'll get stopped out at 1.1712.
This is exactly why you should always trade with a clear head and never act or react emotionally. I saw price grinding around 1.1690 for more than an hour and a half, and even before that the move down into that area was very orderly. The momentum simply wasn’t there, which is why I closed the short. You trade what you see never what you hope for or wish would happen.
What’s next? No idea. Based on the current chart structure, a push toward 1.1720–30 or even 1.1740–50 would still be possible. Whether it actually happens remains to be seen. That’s why patience is key, opportunities will come on their own. In transition phases like this, price action is often sluggish, and it can take a while before the bulls finally capitulate. For now, I prefer to stay on the sidelines and I'm done for today. Good luck!
What’s next? No idea. Based on the current chart structure, a push toward 1.1720–30 or even 1.1740–50 would still be possible. Whether it actually happens remains to be seen. That’s why patience is key, opportunities will come on their own. In transition phases like this, price action is often sluggish, and it can take a while before the bulls finally capitulate. For now, I prefer to stay on the sidelines and I'm done for today. Good luck!
