Too many Longs down here! It would be very surprising if they didn't take them all out before a major move in the opposite direction.
Trade active
Initial SHORT Target: 1.6230Note
Our Main Target is: 1.6125Trade closed manually
Getting out - for now! - @1.6235 on Bullish HammerNote
Now, it's just wait-and see, what happens next?...Note
... just don't get carried away here because we are still in a Stop Hunt!!Note
We took a -7 pip loss. Not too bad all considered, right?!Note
So far +138 pips in 48 hours. Not too bad...Trade closed manually
Too early!! It is still coming back. -8 pip loss.Trade active
BUY IT UP!! @1.6140Trade closed manually
We went FLAT @1.6180. +37 pipsLooks like this hunt ain't over, yet.
Note
Flat, flat flat!!This hunt is far from over. Sit tight here - flat.
.... may be tomorrow?...
Note
... then, once down there, it will likely be Da Spot where to bet the farm! We'll see...Note
Now that everyone is LONG here (and already in the green; i.e. ++), right?!...Here is the deal;
- If you plan to manage this trade yourself while planning to sit on it (Long) all the way up to 1.6650, you probably need to extend those Trailers (trailing stops) to around 45-50 pips.
- On the other hand, if you plan to keep an eye on this trade and adjust those stops every 1-2 hours then 23-28 pips should be sufficient room for this trade.
Just a thought...
Trade active
IFF, for any reason, your stops got hit around here - 1.6475-90 - get back in there (very!) LONG! - Tonight's stop hunt looks like it's over and this thing is turning into the wind - ready to take off. (Everything else stands from earlier.)Trade closed manually
Closed out LONGs because this thing is headed down for one more stop hunt @1.64560, before moving higher.Order cancelled
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.