hey traders, recent NSH was rejected by priceaction which formed a NSL. When priceaction does violate the last impulse's initial point - this is a sign of reversal. So I expect further impulse movement to the downside. My take profits here are at 1.272 XA extention because we are likely to see the second impulse after the sign of reversal which is considered to be the first. When priceaction retests A-point, I close half of my position leaving only half at risk.let's see how it works))
Should work fine. I expect a selloff first, before we can go long again.
This rally on no news is suspicious, and is barely crossing above the most frequent pirce since the lowest low in the weekly (1.1186).
It'll most likely dip down to 1.095-1.1025 again.
Alexander_Nikitin
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I expect priceaction will either go above X or it will go below A. Shortly, I just expect some movement))
RalfDiana
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If I was following You earlier I could have been in profit in this trade instead yesterday morning I did just the opposite I bought at 1.1277
I have a lot to learn from this kind of trading. Hoping eventually will go up again as fundamentally I believe things are getting better in the Euro zone of course i can be very wrong. So when You plan your trades do You follow also the news or it is pure technical? thanks Nikitin
Alexander_Nikitin
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I only pay attention to news in order to know when the price is going to move, so I could stay near my computer. My trading decisions never inluenced by news. Price already includes everything.