I try not to predict but trade what i see and what i see now is this: there appears to be short term reversal patterns on hourly charts of EUR, GBP, AUD & CAD whereby previous swing highs are exceeded. Daily candles are also looking bullish (dojis and bullish hammers so far). So we might be looking for some relief rally.
How long may it last? I do not know but price will tell.
Bought little AUD at 0.9590 & GBP at 1.5474 (prices running away as i write). I think later today they may come back down and if they do, it is worth buying some more. Stops are below lowest lows of today.
Remember to keep positions very small because this is a counter trend rally.
I will post later on targets.
No comments:
Post a Comment
Suggestions and ideas are welcome but let's keep it civil please