We are bound for a backtest of the median line. The bottom line and the 68% retracement held and the engulfing pattern 3 days ago confirmed the possible upturn.
Comments
motleifaul
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I couldn't repeat the 3rd attempt and was stopped out with the remaining 3rd at break even. 2/3rd of the profit remain with me. Not bad and it was worth to try it.
motleifaul
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An old dealers' proverb says: Nobody has died from profittaking yet. Well, I didn't die but looking at the weekly chart I relized that there is much more room until the top.
So not only the median line of the daily pitchfork but also the 12 seems possible.
I increased my position again.
motleifaul
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I am taking 2/3 of the profit at 1,0941 now. The median line has not been reached by far yet but I expect some resistance at the end April - beginning May lows which may cause some retracement.
So I remain inthere with a smaller position only.
ForceFollower
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Hi, I'm short, but I don't expect much. Looking to TP at that prior low (1.08590).