motleifaul
Long

Downward target reached...

FX:GBPCHF   British Pound/Swiss Franc
74 8 0
let's try the opposite direction; the more that thiis will be within the trend and that the target we had reached is also in line with the mdian line of the trend fork .
ForceFollower
2 years ago
I like your tenacity and resilience. :-) I believe this time your idea will be amply rewarded.
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motleifaul ForceFollower
2 years ago
Thank you. I hope that it is the market that tenant and resilant, too. This time it looks like that. I take a first profit here a little bit above the yellow MA and hope now that the blue pronk will be reached. If this upward trend will be reconfirmed I even may take a new long position.
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ForceFollower motleifaul
2 years ago
I've got a hunch it's not done going up. It's only retraced 0.382 of the down move - if it's all it can make, we'll see new lows, which I sincerely doubt in.
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motleifaul ForceFollower
2 years ago
I have now closed 3/4 of my -this time really large- position and took the profit. One quarter is still current. As you can see the blue pronk has been reached. Next target would be the 50% retracement of the previous downward wave. I hope that this will still be reachable. But then I would not exclude a short downward retracement from there before the way might be cleared towards outer pronk.
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ForceFollower motleifaul
2 years ago
Yeah, run the winner as long as you can. Consider also the fact that 1.5000 may act as a magnet for price... Not 100% sure, but possible (I give it some 75% chance it'll get there).
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motleifaul ForceFollower
2 years ago
Good idea.
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motleifaul motleifaul
2 years ago
Nevertheless I am satisfied here. The day may probably end with a white candle with a long upward wick. This will not be a good sign. I'm getting out and take the last quarter of the profit now.
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ForceFollower motleifaul
2 years ago
Splendid. I'm also out of this pair. My last long position in the sterling is in GBP/AUD. Looking to take profit just above 1.90. I give it 80% chance.
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