DislikedHey gang, just catching up here now that I'm done with my workout and at the office. Here's what I'm seeing... Nothing has changed. In fact, I would argue that this up move is positive for bears. We're testing the 50 and 100 moving averages on the 1-hour chart quite nicely. As long as these hold, the downtrend is 100% intact. If/when the 50 ma crosses over the 100 it will be a big positive for the bears. We're also stalling at the 50% fib of the most recent move down... a good sign: {image} USD/CAD is killing it for those that were short. I actually...Ignored
I am not in this trade, but i would like to ask you: When the situation is going to go against you, how do you recognize it, and how do you choose to jump out of the trade?
Thanks very much,
Syl