My long term bias is still short for this pair but after that ugly spike usually we have a choppy sideways price action. Here we have a potential bearish bat that could work fine, i like it because its near the round level 2.2000 If price fills the bat it would be an ideal entry for a short. Regards.
Comments
waqassab
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Excellent trade analysis Sir but mine pending order was at 2.20152 and again i missed it by just 8 pips difference...
FullTimeTrader
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Such things happens, luckily i placed my order on 2.200 because the round numbers are reactions levels. Happy weekend.
pip_drunk
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i think its already took it, but lets wait and see !
pip_drunk
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sorry it was ment to be under ur eur/pound post
FullTimeTrader
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Same idea! great.
Nickmail
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nice!
ForexisbizFib
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Yes.poor data from China. Investors dumping Aussie. I'm still stuck.
FullTimeTrader
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You are right, the choppy price action will still last for some time, in such cases its better to take profits as soon as possible. Previous idea worked fine:
ForexisbizFib
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I'm ready to short when price testing 2.1700 again.