- Daily : Am thinking perhaps a triangle consolidation is now going on between 1.35 and 1.39. If so, then we should see at least a few more narrowing legs before something major happens. [Triangle = trend continuation].
- However, if the market does take out 1.3499 before the above plays out, then the down move may well accelerate.
- Weekly : Potential for a bear flag. If so, then downside is 10 big figures to around 1.27.
- In short, lots more to play for in the short trade.
- Pyramid sell stop-in below 1.3499.
- [PS : Gold beginning to look really heavy too].
3 comments:
Limit order adding to short at 1.3766 filled.
Partial TP. Bought back @ 1.3573.
Stopped in. Fresh short filled at 1.3493.
Post a Comment