@dvassa, I'll let the market tell me and post then. But keep this in mind. Having a down movement ending is not enough reason to go long. If the major trend is down, I wait the retracement and then keep adding to the trend. I keep adding on to my positive moves. I'll wait to see what price action does now at the bottom. JPY move does not look finished on other pairs. It looks to me that USD will value to the EUR, and that UJ still has some down move. That would mean EURJPY may still go lower. Better trades next week than to wait on EURJPY long. GBPAUD made a massive gravestone doji on the weekly. EU may be accumulating for a big drop. EURNZD looks to have finished a retracement, and you can also go directly to NZDUSD. Too much? Trade safe
Wogfx
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@tas, Thanks for the in depth reply! ill be trading safe!