closed here done for the day 4% up
5
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DislikedI have some limit orders from last week down at 1.18234, my positions got stopped out overnight at breakeven. On the 1h chart I am looking for a down bounce off the mid-line RSI and a final exhaustion peak below 30. {image} If this peak below the 30 RSI (oversold) corresponds with a touch on 1.18234, I expect a sharp rejection reversal upward. {image} If there isn't a sharp rejection but a continuation down, I will get out as quick as possible as my next support is down quite far away.Ignored
Disliked{quote} IMO only take shorts market structure tells me the real move long will not happen until 1.1700 is swept. I am short now at 1.19198. I will keep this position until 1.1720 then look to go long. but who really knowsIgnored
Disliked{quote} this was my original post from feb 10th. ...in my IMO. I will only look for shorts until 1.1695. After 1.1695 is swept I will only take long ordersIgnored
Disliked{quote} Assuming you're talking about 1.184, yes I think that could be a safe short - though I would probably wait for further up at 1.185 before addingIgnored
Disliked{quote} I agree with you here somewhat, if this level doesn't hold I can see this coming down to 1.695 in the coming weeks.Ignored
Disliked{quote} I think the level was broken at 1.1850. the next real pause should be 1.1780. I think there should be a small pull back and trap some buyers and then continue short. IMOIgnored
Disliked{quote} My next support is down at 1.172 Think it's worth noting this whole range (1.18234 - 1.1850) is responding to the huge gap up we saw two weeks ago before the big move up to 1.2Ignored