I’ve taken a few more off here at +190, as we could see a bit of a retrace at this point.
The price action is almost sitting on the bullish Kumo, so lets see how it pans out on a retrace.
Well unfortunately and occasionally these things get a move on when the office is closed. We did talk yesterday many times about areas where we wanted to get short from and I know quite a few people had their orders sitting ready or were already in. I mentioned to members in post and comments in the last 12 hours.
“I think this could come in the .9275 region (small yellow box area).”
“A conservative approach would be short .9270 – stop .9330 – Target open. RR 3:1 or better”
“I did mention earlier that confident traders could scale a few in with stop above .9321″
For members who did not get set we will look for a retracement to get you in on along the purple trace.
The following information and chart is only available for members
Here’s an update of the current position on the H1 chart. We are looking for a possible move into the higher Kumo (yellow box area
While this is setting up for a longer term trade, I also know a few active members are scalping/day trading as well.
As I mentioned earlier I am playing the purple trace and now taking some off at +12 while its available. There should be more to come in each direction if you are experienced and wish to actively trade it.
Long term and new traders who need assistance with placing trades please wait for my message with an exact entry price, stop and targets.
Looks like this one could be getting close to confirming a reversal.
My concern is always for members balances, so I try to find them the safest possible point of entry with the minimum of risk. I think we could see a slight fall and a retrace and I would hope to get set on the retrace. I know a few members are already in and some have a high profit already. Congratulations.
With NFP coming in the next 13 hrs or so I like to err on the side of caution until we see how the announcements effect the various currencies
Check the purple trace, and our active traders may be able to scalp down and up, and longer term traders can if risk tolerant
Early warning. Aussie may be setting up for a bit of a move. We can see in the chart the confluence of trend-lines in the yellow box area and the price action has just testing the ………
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