took out more sellers thinking that this is a buy. bias still stands.
we are now trading under 108.00. i would love to see pullbacks to 108.00 to head down lower to 106.00. if you arent in this trade, i would back off a bit for price to consolidate again to form another move.
we are still floating on heavy resistance. SL is 25 pips above recent high. we created a massive 4hr engulfing candlestick. and we pulled back to the highs after rallying from that and now is struggling to pass above 1.32200.
almost a 400 pip move! absolutely crazy. we are now at $1450. a heavy resistance zone. lets see where we can form from here.
trade is still very valid. just extremely slow!!!
i believe that price is struggling near the 1400 area. can we see a pop up?
people blew account cause of poor management of the trades and tricked people to go long after that huge news event yesterday. now its time to short.
and down we go.
that big ass candle on the 4hr probably scared off a ton of people and forced people to go short. we are at STRONG support. high probability that this is gonna fly up. this is my trade.
the feds are gonna come out in an hour and im ready.
we closed above 1425. we might see pullbacks coming down near that region before heading upwards to 1450.
look at this strong move. lets not enter just yet and let set ups come to us. we are at the bottom of the prior resistance. cross over happened so its a clue that bears are on its way. if we break, we wait for pull back. otherwise we are looking for pullbacks to enter on this pair to go short.
we are still looking for shorts. we broke our counter trendline. we can see a pullback and make a H&S before dropping.
we did no tread the eariler signs from before. but this pair looks like it is dropping to lows. im eyeing 1.200
we are @ strong daily support. if we break support, and retest, we can see this dip down to yearly lows to 1.09. but as of now we are seeing that 4hr cross over happened and we are on top of the 37 pip range. price can pop downward to retest levels before going up again.
dont be fooled by the breakout!!!!!!