Target at 1.18 hit - most likely back to trendline

1 Ağu 2020

In the previous post we realised that we had a decent upside move and from then on accumulated in the 1.2-1.4 region. This is more probable to turn out as a continuation move and therefore, we were taking a long trade from the break-out of this accumulation. Congratulations to everyone who took this trade. We are losing momentum and a pull-back to our trend line seems probable. I won't take any trade for now and re-evaluate once we have more signals.

The next stimulus in the USA is on its way and the printer goes brrrr.

Stay green!

1 Ağu 2020

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