The C has been formed and we are heading toward the D at .92, which is typical of the pattern and intersection of confluence with another uptrend line. For the short term trader, expect the 10929 area with a bounce there. You may look for resell at about 10990. If you are not in, I would let the stochastic on the 2 hour get into the sell zone and take the trade after the bear pattern forms with your stop 1/3 of your estimated target in pips.
Last week we had a great sell off 110.40 and I have taken most of the profit off that with only two positions running- will continue to let them run. Overall on the higher time frame (monthly, which I am showing) this has another 970 pips to go. I will be traveling and working remotely through September but please don't hesitate to message me with questions.
Last week we had a great sell off 110.40 and I have taken most of the profit off that with only two positions running- will continue to let them run. Overall on the higher time frame (monthly, which I am showing) this has another 970 pips to go. I will be traveling and working remotely through September but please don't hesitate to message me with questions.