taking some profit at each MA and possibly adding back in on retracements.
Comments
RyanLatorre
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wow good thing I unloaded USD/CHF close to 0.9400 today ! what a plummet. we were right to be skeptical of USD strength lol
sunny
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yes indeed. I took off some before the news at 8:30 and more before 9am. 0.9400 was the 200dma on the 4hr chart and was the .382 fib level from the previous leg down from 0.9740. I love watching reversals when a new 4hr candle starts. I watch them closely for the first 15 minutes at 9am and 1am to see if they do a double top/bottom.
I have no idea what is next, maybe taking Friday off?
RyanLatorre
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lol 0.9400 is my target. Not that convinced with USD strength yet, especially USD/JPY.
sunny
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me too. If the dip to 9180 was backed by a big event, this would be flying, along with USD/JPY. I had been emailing this pair and the DXY to Mr. A B at you know where and he told me at least three times he isn't convinced either. $ goes down down down then boom but you know he wont say what that means lol.
RyanLatorre
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join the club bro
sunny
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Who started the club? I've been waiting for sub 92 for weeks! couldn't stay short all the way down though :)