DislikedHi 'Va' Like your analysis very much can i ask what would be your entry criteria at that 7825 level, how would you get into the trade thank you for your input Best regards MarkIgnored
I see 7975 as a legit long target for the pair and I'm trading towards that at the present time. I have longs in the current price area and above that will be closed in profit as we approach that area. I also have no hesitation in adding to these positions on dips the pair may take. I firmly believe the pair has a solid extreme low at the 7610 area currently and I am planning my money to continue to add to longs if we reach those levels before 7975.
Given that I've only been analyzing this pair a full week so far, my understanding of it's habits, ranges, typical achievements of weekly highs and lows will get more precise. I did have opportunity to close these trades but was sleeping when they occurred...
...this market does exactly what a rubber band does. The further you stretch the rubber band the further and sloppier it moves.
"Holy Grail" exists - accepting where is the first step.