As the old adage goes, “History Repeats Itself”, but will it thi

Hello Everyone!

Lord Peacock here with my very first publishing and far from my last, just looking to take advantage of this opportunity to bring you guys my insight on the markets and what I’m seeing, but not only that, opening things up for discussion. My motive is to create a community of traders, novice and expert, to actually build relationships with and to share with each other, each others opinions. We all see things differently and I want to see if anyone sees what I see or if anyone can open their mind up to letting me see what they see.

If you like what I present, don’t be shit! Hit that follow button and share this with whoever, I don’t really care. I invite only positivity, but am not afraid of negativity because where there is one, the other is surely close. So don’t hold back! Hit me with your best shot! With out further ado, let’s soar my fellow peacocks.

With all that is going on in the world today, (I’m talking about Covid-19, if you’ve been living under a rock for the past several months), it’s hard to say if history will repeat itself in regards to the Forex Market because as far as I know, this is the first time that WE as traders have endured such a pandemic that has directly affected our trading psychology and behaviors. Each and everyday there is some piece of headline news released that adds a bit of volatility in the markets and no matter what your style is, swing trading, day trading or scalping (eww), if you’re trading the cable then you’ve seen your fair share of whiplashes, but let me invite you into something I’m seeing…

Back on March 9, 2019 - the cable took a dip in the pond just under 1.196 and served as a spring for a rally that lasted until December 13, 2019 where it lost breath at 1.33. Fast forward until these days that ain’t so, “merry”, and you see that on March 20, 2020 price swam as low as 1.141, but if you look closely, what followed right after that was a very impulsive very bullish leg. Some may mistake this for a retracement, I say that because my ass did, so you’re not alone! I took a short position at that center key resistance zone thinking I was gonna scrape up on them pips, but ended losing, (not much, I’m not pulling out my hair), but I looked to the left and realized what happened in the and I’m just wondering what might happen in the future.

What do you guys think?