PA suggest down swing may take some more time to materialize. Mean while I project has changed something like this picture.
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I will close my current shorts which was taken at 86.55, when price retrace to 86.70-50 handle, or if it breaks current swing high at 87.10. If price retrace then after closing my shorts, I will load some longs in expectation of price rising to test 87.80 handle. Once price reach there then again I will be looking for short from that level. Keep following to know more updates on the same.
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As expected upper wall has provided resistance, but be careful of the lower wall.... potential bounce will be seen there. Updated price action expectation as shown below.
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How are you guys liking it ?? or not liking it ?? Mapping each swing as we go. Now this is updated chart here. Await to buy the break down of this lower line... swing up is in expectation of mine.
Trade closed: target reached
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The expected upmove didnt materialize.. But I made good profit trading this pair since last week or so. Have a small position short still but its status is not relevant anymore. So with this I m ending updating this thread. Thanks
I actually short this at 86.810 based on the nature of the PRICE ACTION evidenced by the 3-bar formation around the MODE. See the link below for my entry on my PAMM, where I manage clients Funds. moorekapital-gmail.tinytake.com/sf/MzU3ODIxXzIwNTM0Mjk (Kindly click on "full screen" above the image to see things clearly )