In a long-term (H4) up trend, setting up for another rally. Probably bouncing off the support level at the alternate low. It can make it to 89.21 or to the pink upper median line parallel, or even higher. If failed (markets are imperfect), you'll know it very soon. :-)
Comments
ForceFollower
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I think it's heading for 87.26 now.
ForceFollower
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Sorry, I'm still bullish here and I meant: 89.26. :-)
itaskar
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really nice
ForceFollower
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Thanks. It was quite scary and hard to trade, because during the NFP event my broker widened the spread to enormous extent, but luckily market conformed to my expectations. Now, I'm long again, giving it the last chance to work for me, looking to TP at 88.97. Let's see how it pans out.
itaskar
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my first target here 90.00, second 91.00 :)
itaskar
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ForceFollower
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You're right about the whole number 90. This market has failed to reach it, while being so close to it, so it may want to repeat the endeavor to test it. I just didn't like how deep it had retraced and then failed to break through the resistance at 89.2. But, given this ongoing bounce off the long-term trend line, I'm thinking about leaving a part of my position running to 90...
ForceFollower
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Maybe I'm impatient, but out of caution I've closed my position at 89.18.
motleifaul
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It's all right and was agood deal taking into account that it was on a 15 minutes chart.