In this post, I said that at that time, a large up move was very likely and the bottom of that move was at hand. Well, if you had been following my posts, updates, analysis and trades all along the way of this uptrend, you would've bagged +912 pips on this pair and counting as there is STILL more to go! Don\t believe me? Just check out the posts in the Related Ideas section below. It's all there!
But what I wanted to update in this post is that prices are fast approaching the completion of the POTENTIAL pattern and the POTENTIAL I posted in the post above from 11 days ago. NOTICE they both complete at/near the upper of the contracting and I DEFINITELY as expecting some kind of nice reaction down at that point! I'll be watching the PA very closely as prices approach that point.
But for now, I'm just holding onto all those LONG positions from the very beginning of this trend and all that I've accumulated along the way with every LONG opportunity that I posted about.
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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