Hi after a corrective move from 1.091 back to 1.085 support has held.
at the European open buyers have come in strong after the ending diagonal (wedge pattern).
Expect a retrace to 1.085 pull back before a run to target > 1.091.
Long 1.088, 1.086 looking to add final layer 1.085
Any move below 1.084 would invalidate the bullish scenario.
IF this occurs I take a 100 basis point loss.
IF the bullish scenario unfolds i take a 650 basis point win.
Over to the market.
at the European open buyers have come in strong after the ending diagonal (wedge pattern).
Expect a retrace to 1.085 pull back before a run to target > 1.091.
Long 1.088, 1.086 looking to add final layer 1.085
Any move below 1.084 would invalidate the bullish scenario.
IF this occurs I take a 100 basis point loss.
IF the bullish scenario unfolds i take a 650 basis point win.
Over to the market.
Trade closed manually:
I have chosen to close this position out manually because I am chasing other ideas in XPTUSD, WHEATUSD, PLUG and CSIQ.
i still think there is a major uptrend developing in this market but capital is on the table elsewhere.
i still think there is a major uptrend developing in this market but capital is on the table elsewhere.