All hands on deck! It's going to a fight with the bears to reach the finish line of 147.00 (and beyond I believe).
This has been a psychological and financial banter between the bulls and bears. Also, great ideas and chartists out there, especially with Hope.Bleeker in a committed short. Its hard to go against these things but believing in my charts and technicals keeps me anchored.
The 4H candle will close in about 30 min or at 0900 EST. At this moment, I feel confident enough to write that this current candle is confirming that all will be well.
NOTE: the solid yellow trendline that I have drawn beginning from the 1st day I entered the trade on 20 Jun 2018. I thought there might be a drop today based on all of the chartists calling for a short today in the Ideas section. I told myself if Price falls below my entry of 144.60, that I would take the breakeven and call it a long week. However, as you can see, the trendline bottom is holding and in fact, is rallying. This makes about the 5th "knock" on the rising trendline door, basically strengthening the floor.
It's a no risk trade for me, so just time to sit back, watch Germany beat South Korea and wait for 147.00 to come to my door like an Amazon package! Cheers to the Longs!!!
This has been a psychological and financial banter between the bulls and bears. Also, great ideas and chartists out there, especially with Hope.Bleeker in a committed short. Its hard to go against these things but believing in my charts and technicals keeps me anchored.
The 4H candle will close in about 30 min or at 0900 EST. At this moment, I feel confident enough to write that this current candle is confirming that all will be well.
NOTE: the solid yellow trendline that I have drawn beginning from the 1st day I entered the trade on 20 Jun 2018. I thought there might be a drop today based on all of the chartists calling for a short today in the Ideas section. I told myself if Price falls below my entry of 144.60, that I would take the breakeven and call it a long week. However, as you can see, the trendline bottom is holding and in fact, is rallying. This makes about the 5th "knock" on the rising trendline door, basically strengthening the floor.
It's a no risk trade for me, so just time to sit back, watch Germany beat South Korea and wait for 147.00 to come to my door like an Amazon package! Cheers to the Longs!!!