Short now and will add if it goes higher. SL is a daily close above the high at 6939. A daily close over 6942 will trigger a buy stop.
Trade closed: stop reached:
The pair crossed the stop line and continued higher. Expecting a turn anywhere from around Friday's close at 6980 to a move to the 125% level. The 100% line is the next major possible turning point. A move on 125% also brings the possibility of a break above the Aug. high and an underlying trend reversal.
Trade active:
The pair has reversed and profit was taken on the short triggered off the top. A long was triggered and entry made. This could reverse back down when it reaches the 50% line, or continue higher to form a double top. We'll see this coming week.
Trade active:
This has apparently finished a retrace and is now back on the way down. I will enter short during the Monday session after a pause to see if there's a rebound from the closing low. This should progress to a new low below 6754 and then a new trend low.
Trade active:
With some help from corona virus we may well see a new trend low this coming week.
Trade active:
New trend low reached, but it closed just above the Oct. low. Should continue down from here.
Trade active:
Continuing short as the current retrace/consolidation should resolve down.
Trade active:
Perhaps a little rally into the 50% zone and then more down.
Trade active:
Short was closed today nearer to the LOD than the close. The pair could go either way next week/month. It came close enough to the 100% extension to consider the move finished, but it is not confirmed by a bottom and could continue lower in the short term. It could also correct with a leg up before continuing down. I will watch for a dot entry on the short side.
Trade active:
The pair completed the move to the 100% and is correcting. A short will be entered around the 50% line (as the dots indicate a reversal).
Trade active:
Finally got the break. Long initiated in the 57s. This could still go right down into the 45 area, but going with the swing low we have it could also be trend bottom. It is not confirmed as yet, tight stops or a wide margin allowance is definitely called for.
Trade active:
Staying long from 5725.
Trade active:
Still long from the mid 57s. This is most likely a retrace. If it does get knocked down to 55 again, I'll be happy to add a shrimp to the bar—B.
Trade active:
The pair is building a bull flag atm. It's clearest on the 4hr, for me. It could continue a couple more sections and end up between the 3/8 & 50% lines (3/8 down from the high). If it gets low enough I may add, but am already long from the low 57s. In short, it'll probably go a little lower, but at some point soon it's going to launch.
Comment:
Could keep going down around the 50% line.
Trade active:
This may be about to go through a retrace. I will add around the low should that occur. If it continues up then it's time to just hang on.
Trade active:
Holding long. If it does retrace from here a wick across the 3/8 line is likely. Should that happen, I'll add.
Trade active:
Holding long and expecting this to move higher and complete a 3rd segment of the leg up. We've had 5 days of swinging around the same level. Apparently that's consolidation in lieu of a retrace.
Trade active:
Still holding from the low 57s. This may take a while, but I think it will get there. Looking for that 100%.
Trade active:
Another week sideways, but ready to move higher and above the latest retrace zone.
Comment:
If this breaks up through the previous high we should see 0.67. I'm long longer term, but this may well be on the move now.
Trade active:
Still long with 3 * 2. Will add with any meaningful retrace short term. Should be on the way to 6750 now.
Trade active:
Still long. Have taken some profits along the way near the lows. It's still on a mission to 70. Plan is to take profits next at 6777 and add on pullbacks in the meantime.
Trade active:
expect it to continue up to the 200% level this week.