The trend currently shows if we break above 1.1285 level we will have signals for continuation to the upside. With looming calls for an interest rate cut in the US I believe bias might lean more towards the short side. With a retest of support around 1.1200 before continuing.
评论:
What did I tell you. We are going to get a continuation to the downside. Maybe see some resistance at the ascending support with a bounce before continuation to the downside.
交易开始:
Periodically adjusting stop to high of the previous 1 hr candle. Currently we are over extended on 1HR. I expect a pull back or retracement to 1.1270 area for a retest of resistance for continuation down.
交易结束：到达目标:
Buy stop at 1.12123 with a 50 pip profit.
This bear channel is strong and will only strengthen with a looming US interest rate cut.
This bear channel is strong and will only strengthen with a looming US interest rate cut.
评论:
Genuinely surprised my full profit target was reached today before a full pullback at 1.1203. Glad I still jumped out especially since prices were in the oversold range. This just adds more fuel to the fire during the retracement.
