Price retraced 78.6 of the last up move and starting to rise.if it was to continue downtrend then the price should close below the previous low.Is it start of an uptrend ??
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DislikedPrice retraced 78.6 of the last up move and starting to rise.if it was to continue downtrend then the price should close below the previous low.Is it start of an uptrend ??Ignored
DislikedToday is Monday=DJ will be up temperory and 128-128.80 could possible to reach...
however overall is bear...just becarefull...scalp hit n out should be ok for 2-3X with M5/M15
look like yesterday 131.20 area is the best set-up for 125 next...
good lcuk
gIgnored
DislikedWe may be on a mindset/correlation change between equities & the fx market. Correlations over the past many months have been such that major equity market selloffs have translated into down moves in most currencies, esp. for the yen crosses. But that's not been the case today, at least in the NY session. Today's market action in both Europe & US is driving the cash out of the markets into bonds, which are seeing record low yields, given the demand. With the regional war declaration of a lunatic leader in Japan's midst, we should also be seeing yen...Ignored
Dislikednaked chart says bears are still out. we are below last week close (130.03).
lower tfs show last resistance @ 130.61 area, so no longs for me unless i see a break of this area.
what war?!??Ignored
DislikedOk... I finally put my gameplan into action... I am longing now every dip in price on the 2 hour chart... I am closing out most of my short positions that I have from 142 level...
First level I am looking at is around 139 level... In case we head back down to 125 I will open more longs there... And down to 118 IF reached with this downtrend I will open more longs... Below that I will be buying options to protect my positions until market turn-around...
I am buying USD/YEN as well... Were there is congestion there is opportunity...
So for the...Ignored
DislikedOk... I finally put my gameplan into action... I am longing now every dip in price on the 2 hour chart... I am closing out most of my short positions that I have from 142 level...
First level I am looking at is around 139 level... In case we head back down to 125 I will open more longs there... And down to 118 IF reached with this downtrend I will open more longs... Below that I will be buying options to protect my positions until market turn-around...
I am buying USD/YEN as well... Were there is congestion there is opportunity...
So for the...Ignored
Dislikedwait for 123.80 ,,then im joining you ,,but for now,,you are right ..137/139 is closer than anyone think here ...
gbp/usd bottom and 1.47 is just around the corner... then 1.5
i went long with gbp/usd with a 20 pip stop and 500 limit ..
it work out ...
usd/chf clearly topped also .. looks like a ice cream caramel top...Ignored