No change in view.
The pair is remaining above 130.00 and for some this seems worrying... however, all what is needed some large offloading and then the ball will start rolling :) anyway, without jokes, we are really overextended and one should analyze the historical path with current period, and one will observe clearly we will correct. of course, no one (including me) cannot predict how high it will go, and some people are fearing 135.00 even.
I feel that we should not have emotions about it, and purely focus on what we analyze, and making sure we are comfortable with the leverage etc. For now we remain in SELL mode and sell current 130.40-130.60 and add above 131.60 again. For those short, only add higher as mentioned.
Profit orders for shorts can be @ 128.17 and 126.57 for now. I am lifting positions 15% @ 129.00, 20% @ 128.17 and rest @ 125.57 for now.
The pair is remaining above 130.00 and for some this seems worrying... however, all what is needed some large offloading and then the ball will start rolling :) anyway, without jokes, we are really overextended and one should analyze the historical path with current period, and one will observe clearly we will correct. of course, no one (including me) cannot predict how high it will go, and some people are fearing 135.00 even.
I feel that we should not have emotions about it, and purely focus on what we analyze, and making sure we are comfortable with the leverage etc. For now we remain in SELL mode and sell current 130.40-130.60 and add above 131.60 again. For those short, only add higher as mentioned.
Profit orders for shorts can be @ 128.17 and 126.57 for now. I am lifting positions 15% @ 129.00, 20% @ 128.17 and rest @ 125.57 for now.