As you can see with the attached links, that one went well. Why the update? Because I do not do the market, we all do, and with all due respect, I can see one possibility that is noteworthy. But to be sure, weekly I am still strong short on this pair, at 1,3550 I have to reconsider, at 1,40 well, then it is too late anyway.
So besides all the short load I carry with me, we may face some interesting price movement, there is a coordination point ahead. A rebound until 1,3200 should carry the pair easily to 1,34, judging from the then to see fractals even more. Why? There is the slight chance that the 1,40 EDT I counted has done its magic.
What to do? Well, I earned quite some pips, so I will cash in half of it. When I can see some impulsive structure up, I wait for it to come back and maybe launch an investigative long trade, stop under the starting impulse and fast over the entry.
But overall, I am still positive for the target at 1,11.
So besides all the short load I carry with me, we may face some interesting price movement, there is a coordination point ahead. A rebound until 1,3200 should carry the pair easily to 1,34, judging from the then to see fractals even more. Why? There is the slight chance that the 1,40 EDT I counted has done its magic.
What to do? Well, I earned quite some pips, so I will cash in half of it. When I can see some impulsive structure up, I wait for it to come back and maybe launch an investigative long trade, stop under the starting impulse and fast over the entry.
But overall, I am still positive for the target at 1,11.
