I was stopped out around the 1.1340 area which has only further pushed us into the overextended range on the 1hr & 4hr charts. We topped out by hitting the R2 pivot point.
I this time I am taking a half position to start and doubling up after we confirmation of breaking back into the downward channel.
Stop around 1.1420 and adjusting as we pull back into the channel.
I this time I am taking a half position to start and doubling up after we confirmation of breaking back into the downward channel.
Stop around 1.1420 and adjusting as we pull back into the channel.
Comment:
Still Holding out to 1.1420 but man is this a little nerve wracking when all you see is the price continue to grow. 1.1413 area is when we might see some slowed momentum.
