Nice analysis, I'm looking short from around 1.990, this pair loves to tap psychological levels before making its moves, and in the process will take out all the early seller's stops. We will see how it plays out!
@braboat33, i missed my original sell right below 1.99 - i am now short from 1.98230
braboat33
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@JPMGFX, I made a buy entry at 1.98487 and I'm already in a loss. Still anticipating for a Bearish till 1.99. Do you think I should hold?
JPMGFX
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@braboat33, i would close anytime i have second thoughts about a trade - but we could move up in your direction still, i see us starting to move long around 1.97400. If your risk is still in check then keep it open and stick to your plan!