Follow the smart money. Don't predict. Whipsaws happen. Stay objective.
This is a big resistance area. Price hasn't closed meaningfully above this level in over a year and a half. I'll be looking for opportunities to go short the US dollar if this level breaks in the coming weeks.
Going in light with my SL at .66 and I'll add if this holds.
putting my stop at .2675 and going in light for now. I'll add if this resistance level holds.
Im reversing my former positions. small loss. I kept it tight being that it was predictive and not objective.
I posted a bit of a gamble last night on these 4 but this is a continuation. staying long the dollar for now.
reversing my former longs. they were slight gambles with tight stops so no worries here. this is a trend continuation but I'm waiting to see if those previous lows break.
Reversing my former positions, and going long the dollar
Check out my last 3 posts you'll see it. check the higher highs higher lows on the weekly charts.
I have rounded bottoms on New Zealand and Aussie and spikes on Euro and Pound all of which happened on even numbers. the big boys are in.
I like the way the majors are acting across the board and the weekly trend is in my favor Im jumping in early with stops on the even numbers that didn't get closed on.
Im jumping in this support area. My stop is 1.24 hasn't closed below in 7 bars
Medium term forecast for me is neutral but Im watching closely. I can't justify any short holds here I'm cancelling last nights orders and will be watching how the week closes across the majors. Have a good weekend.