...but now it looks like the bottom's potentially in. We'd like to see a bar breaking above a previous day high (PDH), whilst not going any lower from here onwards.
Price traced very clear 'Time at Mode' trends, up and down, and gave us precise indications of the direction, speed and targets for each move.
Since we got to a strong weekly support, and almost hit the daily downtrend target, we could see the pair move back up to the downtrend mode at 8.5356, within 2 weeks or less. The downtrend still has until next Tuesday to expire, when it will flash an additional bullish signal, so, be careful if going long. Risking a new daily low is ok for now but I'd rather not use a tight stop yet. (I have no stop, but sized it to risk 0.5% if we drop by one average range from here give or take.
Cheers,
Ivan Labrie.
Price traced very clear 'Time at Mode' trends, up and down, and gave us precise indications of the direction, speed and targets for each move.
Since we got to a strong weekly support, and almost hit the daily downtrend target, we could see the pair move back up to the downtrend mode at 8.5356, within 2 weeks or less. The downtrend still has until next Tuesday to expire, when it will flash an additional bullish signal, so, be careful if going long. Risking a new daily low is ok for now but I'd rather not use a tight stop yet. (I have no stop, but sized it to risk 0.5% if we drop by one average range from here give or take.
Cheers,
Ivan Labrie.
노트
I moved my stops to yesterday's low. If it holds, we'll go back up as per the chart.노트
I closed all FX trades for a few days. I will monitor the action, we could still get one more leg down, or simply chop sideways without clear direction, specially in pairs correlated to the Euro and oil.
Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
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Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
관련 발행물
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.