Looking at another wave down for the overall count. Looking at 76 to 88% level for bulls to return. Short term short but overall bullish on this pair.
Trade closed: stop reached:
1.12277 was my last line for shorts. It's been crossed 15 times..1231 has to push this down for a 88% retrace, it's failed. I have to jump in long and bring stops close on some sells I opened this morning. The move up today looks like in early stages of a larger move up. I've marked this stop reached as we're way passed my target 1222.
I'm buying again.
I'm buying again.
Comment:
Still potentially a nice drop of 100 points to 1144 still looks like one more wave down in the higher time frame. I'm on the back foot here. I sold todays bottom and now maybe buying the top. NO I've closed the buy order. If we can get to 1240.
Comment:
I'll put a buy stop at 1240 and stop loss for shorts. And time for bed..
Comment:
Stops above 1242 expecting failure here.
Comment:
Feel more certain it's a 5th going up. I'm in long again at 123X shorts at 1207 are in trouble debating to close them.
Comment:
The current wave says it's ending at 1248/49. can be deep drop or just a pullback.
Comment:
Buy 1164 stops under 1144
