EU Watch, Long Trade Update:
The second of two senarios has not yet triggered. We have not had a run higher. It is now London Open time and it seems late to expect a mild run up, then a 100 pip run down, and finally a 130+ pip run back up before the day is over. It could happen, but just a begrudging climb up from lows is becoming more probable as time progresses.
However it goes, I have again raised the TPs, as upside is looking more likely than downside to me at this point.
I was hoping for a deeper pullback. Even without first the opportunity to close another 30% and then re-enter lower, I still have the 30% closed on Friday to re-enter. But I want PA down to the lower quarter number before I go in with it. I am ready if PA does get pushed down there.
The second of two senarios has not yet triggered. We have not had a run higher. It is now London Open time and it seems late to expect a mild run up, then a 100 pip run down, and finally a 130+ pip run back up before the day is over. It could happen, but just a begrudging climb up from lows is becoming more probable as time progresses.
However it goes, I have again raised the TPs, as upside is looking more likely than downside to me at this point.
I was hoping for a deeper pullback. Even without first the opportunity to close another 30% and then re-enter lower, I still have the 30% closed on Friday to re-enter. But I want PA down to the lower quarter number before I go in with it. I am ready if PA does get pushed down there.