We've been in this slight upside move since December now and it's nearing its termination point.
So, start taking profits on your long and be on the lookout around the 1.98 - 1.99 zone for a potential reversal.
A good confirmation of that reversal would be a sharp decline in 5 waves outside the channel line.
I recommend waiting for that first before opening any short positions!
This count gets invalidated if price makes a new high above 2.1
So, start taking profits on your long and be on the lookout around the 1.98 - 1.99 zone for a potential reversal.
A good confirmation of that reversal would be a sharp decline in 5 waves outside the channel line.
I recommend waiting for that first before opening any short positions!
This count gets invalidated if price makes a new high above 2.1
Comment:
If you want to know exactly how to manage this trade and have access to all the others I take, you can join my paid group for 30€/month.
Since starting my paid program, for 2months now, we have been able to make around +1000pips per month with my subscribers with currently
15 winners, 4 break-evens and only 4 losses (3 with half lot size!!!)
with an average of only -65,38pips on losers but more than twice as much, with an average of +146,68pips, on winners!
Since starting my paid program, for 2months now, we have been able to make around +1000pips per month with my subscribers with currently
15 winners, 4 break-evens and only 4 losses (3 with half lot size!!!)
with an average of only -65,38pips on losers but more than twice as much, with an average of +146,68pips, on winners!
Comment:
If you have any questions, reach out to me through
comments, chat or my Telegram t.me/em16trading
comments, chat or my Telegram t.me/em16trading
Comment:
Price already dropped 500pips!
A correction higher would not be surprising now.
A correction higher would not be surprising now.
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