Yes, and thus far it is proving a nice move, those darned newcomers....
Will be curious to see if the Euro bounces or drops. I think this was largely priced in, but I think some people around here said they would drive up the price of a currency so they could buy it at a higher level to short? Could that not be a better explanation of what happened today and why?
These words keep ringing in my head...
"We have a plan to make a plan by November 3rd, but it's confidential"
My short is in place. SL at BE.
Time to get away from the keyboard.
I'll be back later.
PT
I would like to get a short around 3650-70 area.
impulse of bearish momentum in play.
Support resistance 101 basics, so you are looking at a decent level to short Pegs
yes and looking at your chart I see the possibility of a head and shoulders pattern forming the right shoulder around the 3650-70 area.
) to look for swing highs and lows. as you can see, now is not yet formed yet.
i suggest this thread's members in which looking for a short (as to you too pegasus
a swing high is the high of that swing or momentum/impulse and vice versa for swing low.
so basically its a 3 candle pattern. the one in the middle has to extrude out sort of a pinbar, but not with the usual low candle body.
its like a v.
on the chart:
i will mark swing highs with h and swing lows with l.
so its not the whole high or the low of the entire move as a whole, just...
That's exactly how I trade... And I see you also use Smart Trade FX,,, Great minds think alike!
