It's vital to be able to draw and understand the long term market in any currency pair.
That's what allowed me to call it short several times in the recent past and is why I covered it here:
That's because it gives you a gauge of where there is short value and where there is long-side value. This is what professionals and institutions do alike. They are always understanding where long term bias exists.
It's important to remember exiting shorts is effectively a long bias, exiting longs is therefore a short bias.
Do not get mixed up. I'll make it clear in this 15 minute rundown of the full market over all higher timeframes.
บันทึก
Entered Long.
บันทึก
TGTs at next weekly resistance.
บันทึก
dipping to second layer of support, still ideal for entries.
บันทึก
TGT comes 2.07 area
บันทึก
Holding long into the weekend.
บันทึก
More Prolific news in later stages of week. Holding swings with new updates as we get closer.
บันทึก
Trading GN? Well, ya better watch. Next week could get hairy if you are not on the right side..
บันทึก
Open is up. Holding longs.
บันทึก
Watching closely. You can see the market absorbing. Very frequent in fX markets that it takes time to get fruition after reaching key pa zones.
บันทึก
Falling further but not willing to add just yet, further fall needed (dca).
บันทึก
Also planning hedges higher (risk control). Do not pretend we cannot get lower than we are (we can)
บันทึก
Minor bounce from Key Long zone. Ideal for entry conf and buy backs via 5m fall.
บันทึก
Maintaining long bias.
บันทึก
Bounce across GBP pairs. Swing exits circa 2.07. Lock in gains 5 m Dips.