We still see this pair as very bullish. However we have added two sells in previous weeks back to the daily 382 levels. We will see if we get a pullback this week. I am looking for light retracements on most of the pound pairs this week until we fullfill something between a .382 and 50 retracement on higher timeframes. The we are looking for more explosive selling. On this pair look for 179 and then just above 177 levels. Thanks!
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Hello. We lucked out on this one and the sell continued this morning so that was nice. I am going to pull profit here on the first ones and keep the latest entry that I posted in the room yesterday running. The target areas are about 17933 and then continuation to just above 177 for the daily 382. Trade the sell with caution because it is an oversold long. Thanks!
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Sorry guys, I should not type these things when I am working on so little sleep.. Last line on the note above. This trade is about selling into daily retracements because it is an "overbought" long. Not an oversold long. Second line above... after we get the retracements into the .382 and .50 we are looking for more explosive "buying" not "selling". Sorry to confuse.
So the sell from last week come out this morning at 18084 I have one sell from this morning remaining. It went on at 18140 during New York and is break even with one off for 110 pips. If you got on this during NY this morning you at least need to be break even and should be able to pull your stop into profit and ride out the possibility of a drop into 179. Otherwise we can enter from higher if it comes back and stays below the trendline. Last line on the note above. This trade is about selling into daily retracements because it is an "overbought" long. Not an oversold long. Second line above... after we get the retracements into the .382 and .50 we are looking for more explosive "buying" not "selling". Sorry to confuse.
So the sell from last week come out this morning at 18084 I have one sell from this morning remaining. It went on at 18140 during New York and is break even with one off for 110 pips. If you got on this during NY this morning you at least need to be break even and should be able to pull your stop into profit and ride out the possibility of a drop into 179. Otherwise we can enter from higher if it comes back and stays below the trendline. Last line on the note above. This trade is about selling into daily retracements because it is an "overbought" long. Not an oversold long. Second line above... after we get the retracements into the .382 and .50 we are looking for more explosive "buying" not "selling". Sorry to confuse.